Home Tags Retail loss

Tag: retail loss

LPC and LPQ: Two Critical Loss Prevention Training Courses

Core competencies and standards of performance have been established by industry leadership and subject matter experts from across the retail loss prevention community to represent the needs and expectations of the profession.

Total Retail Loss 2.0: Moving Beyond the Theory

Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.

Exactly What Is a Shoplifter and How Much Do You Know?

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?).
retail loss prevention solutions

Which Retail Loss Prevention Solutions Stand the Test of Time?

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?
inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

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.
ethical standards in the workplace

Ethical Standards in the Workplace

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.
retail theft statistics

Shedding Light on Retail Theft Statistics

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 auditing

A Handy Guide to Video Auditing for Your Retail Business

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.
money bills cash

How to Minimize the Cost of Cash with the Right Retail Cash Management Solution

As loss prevention professionals in retail businesses that serve this demographic en masse (i.e. QSR, c-store, big box, etc.) know all too well, cash is still a prominent form of payment.
loss prevention staff

How to Maintain a Positive Outlook among Your Loss Prevention Staff

A growing body of research links loss prevention staff attitudes to the training they receive. How else should managers handle negativity in the workplace?

Stay Updated

Get critical infromation for loss prevention professionals, security and retail management delivered right to your inbox.

Download This Special LPM Issue

Now that stores are reopening, what will be different ... and what do you need to do at your company?

 

Top retail experts talk about holiday adjustments, risk mitigation, tracking / notification and much more.

LPM Special Report – "How Retail Is Forging Ahead Transformed by Pandemic"