Home Tags Retail loss
Tag: retail loss
There are many different ways to evaluate our career vision and professional aspirations. But what is most important is that we find the path that fits us best.
Huge congrats to these LP professionals on their recent career moves.
The crime of shoplifting is as old as shopping itself. The first documented cases of shoplifting took place in 16th-century London and involved groups of men called “lifters” (early organized retail crime?).
Successful organized retail crime associations are typically independent, multi-jurisdictional, customer-centric, and a recognized non-profit to be best positioned to lead the public/private partnership and combat ORC.
Why is it that some product protection technologies have been around and working for decades, while other retail loss prevention solutions only seem to work for a few months before offenders aren’t impressed?
Professional advancement and building a successful loss prevention career can mean many things to many different people. For some individuals, it may mean reaching...
There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
Above and beyond your obligations to protect company assets, reduce shortage and enhance profits, you are expected to set an ethical example for others to follow.
The NRSS indicates that shoplifting accounted for 35.7 percent of the reported shrink in 2017, which is down from 39.3 percent in 2016.
Video-based operations audits have helped many businesses increase return on investment (ROI) and boost sales, revenues, and profit by finding theft and fraud they didn't know existed.