Tag: retail loss
The 60-Second Guide to Total Retail Loss
There is no agreed-upon definition of what constitutes "shrinkage." Most estimates are based only upon measures of merchandise losses where the cause is unknown. The total retail loss concept offers a new definition of loss.
Working in Loss Prevention Alongside Law Enforcement: Can It Be Done?
For years, there have been those who have questioned whether retail loss prevention and law enforcement can effectively work in partnership with one another. Professionals working in loss prevention have often felt that law enforcement was unconcerned about helping them with their business.
Models of Inventory Management and Product Protection for Manufacturers and Retailers
Solutions to address theft and loss are often led from the retailer side of the partnership, but manufacturers do face responsibilities when it comes to product protection.
How to Define Loss Prevention
“So, what do you do?” This is common question that for some loss prevention professionals presents a perplexing set of thoughts. “How do I adequately satisfy the inquirer’s request, without overcomplicating the dialogue?”
Bob MacLea Honored as Newest Member of the NRF PROTECT Ring of Excellence
The NRF PROTECT conference’s Ring of Excellence Award recognizes pioneers in the retail LP/AP community whose honor, integrity and character have served as a lasting example for the profession. The NRF is proud to announce that the 2018 recipient of the NRF PROTECT Ring of Excellence is Bob MacLea.
How NOT to Investigate Organized Retail Crime
This post's findings are the result of more than thirty retail and law enforcement interviews expressly asking for opinions and thoughts on investigating ORC. It's from the archives, but its advice is timeless.
Retail Data Analytics: A Straightforward Breakdown of Types and Sources
Preliminary analysis of how LP teams are using data analytics suggests it is being used in at least three ways, based on the type of analysis being performed, the frequency with which it is done, and the type of employees using it.
LPM Insider Readership Survey Results 2018
Last month, we asked existing subscribers to share your thoughts on our daily e-newsletter, the LPM Insider. And share you did.