Tag: retail loss

Once you have senior leadership's buy-in, you can then create accountability for controlling loss beyond the LP team. The best place for accountability is in your company's performance reviews.

"Partnerships are best when you create solutions without limitations. We should always try to go above and beyond."

"I find it admirable when people in leadership roles aren't afraid to ask questions, get hands-on with their teams to work on new innovation, or step out of their comfort zones to see how new technology or automation can impact the business in a digital world"

Choosing to show restraint, to allow a shoplifter walk away, and to accept the outcome of loss is a tough decision for an LP professional to make—especially when you're faced with insults, threats, or simply frustration at the perceived injustice.

You’re excited about your new position, but you're anxious over the best way to share the news with your soon-to-be former employer. These suggestions can help.

The ECR Community Shrinkage and On-shelf Availability Group had become aware of growing concerns about the losses relating to the sale of grocery store magazines and newspapers in the UK—a category not normally associated with high levels of loss.

Designed for flexibility to scale regionally and nationally, TRENDS leverages exception-based insights combined with surveillance footage to uncover inefficient processes.

In a study presented at a 2017 conference on business innovations, mobile self-checkout solutions were found to provide a more time efficient shopping experience, particularly when stores are crowded.

At some point in your retail loss prevention career, if you haven’t done so already, you will be called upon to help make procurement decisions on new technology, such as electronic article surveillance (EAS) or video surveillance.

Vector Security has recently announced it is accepting applications for its Loss Prevention Foundation (LPF) scholarship program from now through March 31, 2019. Applications...