“In 1995, our president and CEO said to Hibbett Sports store employees: Your first job with the company is to protect the assets of the company.” Read More
Tag: shrinkage control
Over 432,000 shoplifters and dishonest employees were apprehended in 2017 by just 21 large retailers who recovered over $188 million from these thieves, according to the 30th Annual Retail Theft Survey conducted by Jack L. Hayes International, a loss prevention and inventory shrinkage control consulting firm.
“Theft continues to plague the Read More
EDITORS NOTE: Scott Myers is vice president of asset protection for Hibbett Sports. For much of his 22 years with the company, he held the dual role of vice president of human resources and asset protection. Prior to Hibbett, Myers held multiple LP positions with Parisian.
EDITOR: How did you get Read More
Theft Takes a Toll on Retailers’ Bottom-Line Profits, According to Jack L. Hayes International’s 29th Annual Retail Theft Survey
Over 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered over $120 million from these thieves, according to the 29th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.
“In 2016, dishonest employee Read More
In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the problem that refuses to go away. This post highlights nine key shrinkage control approaches that could potentially save US retailing billions each year.
For retail loss prevention practitioners across Read More
Retail shrinkage stems from a handful of causes that are rarely unique to a single retailer. Theft, whether internal or external, and operational error make up the majority of retail shrinkage. The level of severity is usually the primary difference; this can fluctuate due to product type, geography, and store Read More
By Adrian Beck
For those of who have been in the loss prevention business for a number of years, you are surely familiar with the retail shrinkage life cycle illustrated in Figure 1. No doubt some of the businesses you have worked in have been around it a number of times.
It is a Read More
Over 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers who recovered over $200 million from these thieves, according to the 28th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.
“Retail theft, by both shoplifters and Read More
Exacq Technologies, part of the Security Products business unit of Tyco, announces an integration with the Sensormatic Synergy electronic article surveillance (EAS) detection system from Tyco Retail Solutions. The combination of exacqVision video management system (VMS) and the Synergy EAS Series gives retail customers an interconnected Tyco solution to capture Read More
By Liz Martinez
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 on terrorist activities at the expense of other offenses, including those that affect retailers such as organized retail crime.
In addition, once the perception of an immediate Read More