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Tag: retail shrink

Solutions Snapshot: Checkpoint Systems

Solution providers offer a wide spectrum of mission-critical products and services designed to help meet the rising demands of the asset protection function and...
Calendar of Loss Prevention conferences and Events

5 Upcoming Loss Prevention Conferences and Events

Happy New Year! This is the time of year when everyone's getting organized for 2019. Let LPM help you find your next networking opportunity, retail technology expo, or training course.

You Can’t Predict Retail Shrink. Or Can You?

Does your loss prevention department have a data scientist on the team? Chances are, you don't, but it's not a bad idea to start thinking like one.
grocery shrink

RILA Student Mentor Program and The Kroger Co Tackle Grocery Shrink with Data

Students from the Retail Industry Leaders Association (RILA) Student Mentor program worked alongside the asset protection team from The Kroger Co to dig deep into the data and use predictive modeling to help make recommendations about problem areas.
reduce shrinkage

A Root-Cause Analysis May Help Reduce Shrinkage

As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.
shoplifting in fitting rooms

Shoplifting in Fitting Rooms

Whether in a booster bag, booster girdle, stroller or wearing stolen merchandise out of a store, the fitting room seems like a great place to conceal merchandise. So, what are some current methods to curb shoplifting in fitting rooms?

LA City Attorney and LAPD Partner with ALTO US to Battle the Growing Problem...

Los Angeles City Attorney Mike Feuer, the Los Angeles Police Department (LAPD) and ALTO US have recently announced they are teaming up to implement a retail risk management solution to battle ORC.
causes of shrinkage

Relying on Sales Won’t Eliminate Causes of Shrinkage

Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
Shrinkage Control, in-store audit

How to Perform An In-Store Audit That Will Guide and Motivate Improved Performance

The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas.
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