Tag: shrink reduction
Incident Reporting: One Key Element of Shrink Reduction
Stefanie Hoover from ALTO USA explains ways to reduce shrink in retail stores—starting with proper employee training and adequate timing.
The Importance of Managing Shrink and Waste
As the old cliché goes, there’s not a finish line, and for me it’s really about constantly trying to build on the success you’ve had and learning from the mistakes you’ve made. Believe me, you will make mistakes, but recognize you won’t make any if you don’t try.
Premises Security Liability: Here’s Why Reasoned Behavior Trumps Perfection
The odds are stacked heavily against any organization that does not take necessary premises security procedures to protect their employees, customers, and others.
Friendly Associates Function as Theft Deterrents
Strong customer service is one of our most effective tools and most proactive means to control theft and other losses on the retail selling floor.
Organized Retail Crime Methods: The Booster-Fence Ecosystem
Organized retail crime methods are a part of the retail marketplace, and they operate under the same basic principles as retailers. There is an opportunity to make a profit by supplying a demand, so various ORC players take it upon themselves to become the suppliers.
3 Principles to Help Your Team Counteract Bad Packaging Design
Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
LPM Insider’s Top 5 Loss Prevention Articles of 2018
In 2018, readers wanted to know more about Walmart asset protection, the roles of women in LP, and the life and legacy of Bob MacLea.
Mission Driven
After a long career in loss prevention, including twenty-six years at Best Buy, Paul Stone, CFE, LPC, is now experiencing unparalleled results. Tempted out...
A&F Bolsters Gender Diversity in the Workplace
Global fashion brand Abercrombie & Fitch (A&F) has stitched diversity into the very fabric of the business, stating on its website, "Diversity and inclusion are key to our organization's success."
Walmart Asset Protection in 2018: Transforming with Technology
LPM Media Group is on site at Walmart's Asset Protection National Meeting this week in Rogers, AR, where the theme of the event centers around embracing change to enable the transformation of the business while reducing losses and accidents.