Loss prevention executives have a responsibility to stay plugged into the threat-communication network, such as through a local joint terrorism task force and via contact with industry counterparts and law enforcement. Read More
Tag: security tag store
Many retailers have policies for handling a security event, and employees who fail to follow such policies can—under the “employment at will” principle—be subject to punishment, including termination. That happened to a group of asset protection associates at a Utah Walmart, but they challenged their firings in a lawsuit. Read More
Sometimes, new retail security solutions or strategies cut costs far beyond what LP was thinking would happen. In other cases, cost savings disappoint. A national study by SDR/LPM looked at this expectation gap. Read More
A survey of 300 corporate security directors by Security Director’s Report (SDR) found that many international trips that employees take go without a security review. Without sufficient advanced notification of employees’ travel plans, threat assessment and logistical planning to support safe travel are impossible. Read More
RFID technology allows companies to know where in their process any particular asset is, so they can monitor the speed of production, the time of delivery, or any other factor that will help them to see how long their processes actually take—and control assets by knowing where they are at Read More
To stand still is to fall behind in the competitive world of retail. So retailers are always searching for new consumers and will typically go wherever they find them. It’s why there is never a shortage of news, such as Bloomingdale’s expansion into Kuwait in 2017.
But long before a retailer Read More
The recent benchmark report, Emerging Technology in Loss Prevention Retailing, reviewed the current use of nine technologies and the primary problems they are being used to address. While offering some useful insights on how the US loss prevention industry currently views these technologies, the development of the benchmark questions also Read More
Thefts from retailers and other inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year before, even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released by the National Retail Federation and the University of Florida. Shrink Read More
In the second in a series of industry-focused benchmarking surveys, the authors present a few key findings from a new study of how some of the biggest retailers in the US are using a range of emerging technologies to manage the problem of loss prevention.
Loss prevention practitioners have a long Read More