Tag: retail shrink
No One Winning Approach to Loss Prevention Culture
“I have worked in loss prevention for a number of years now and recently joined a new company. At my new company, I have...
Using Social Media to Predict Shrink
Sponsored Editorial
Information is being consumed and shared through social media channels at lightning speeds—effectively helping or harming brands on a daily basis. Social media...
Retail Theft and the Science of Stealing
When thinking of retail theft, many envision teenagers shoplifting candy bars. Obviously, it’s much more than that. More than $44 billion in merchandise goes...
Loss Prevention and the Pharmacy: Holding the Keys to the Medicine Cabinet
Most practitioners would agree that there is more to loss prevention than simply ‘minding the store’. With the meteoric growth of online and mobile...
April 25 is the Last Day to Participate in the 2016 National Retail Security...
It wasn’t that long ago that there was no consistent or reliable means to gather and interpret industry-wide information on retail shrinkage. Not only...
Best Buy Loss Prevention: Changing the Rules
Winning in business, as in sports, requires both offensive and defensive skills and strategies. Certainly nothing is more discouraging to a team than to...
Organized Retail Crime Gangs Targeting Optical Goods
Reports indicate that security in the United States has worsened in many arenas since September 11, 2001. Many crime-fighting resources are being focused specifically...
Rethinking Loss Prevention and Shrink Management
The pace of change in the retail industry has accelerated dramatically over the past few years. The move to online shopping, emergence of mobile...
Walmart’s Neighborhood Market Grocery Business
EDITORS NOTE: Gary Smith, LPC, is senior director of asset protection for Walmarts Neighborhood Market line of smaller scale, grocery-focused retail stores. He has...
Changing Behavior—Moving Exception Reporting Beyond Loss Prevention
Many retailers today are exploring different ways of maximizing the use of loss prevention technology such as exception reporting  by exploring other opportunities to...