Tag: shrinkage control
27th Annual Retail Theft Survey Reports Over 1.2 Million Shoplifters and Dishonest Employees are...
Over 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves,...
Asset Protection in a Convenience-Store Environment
A Conversation with Mark Stinde of 7-Eleven
EDITOR'S NOTE: Mark Stinde is vice president of asset protection for 7-Eleven, Inc. He has over 24 years...
Selling Your Proposal to Senior Executives
“In God we trust. All others bring data.”
In the September/October issue of LossPrevention, we focused on mapping out the process by which we sell a...
The European Road Map—Managing Stock Loss in the Retail Sector
If shrinkage management could be viewed as a journey, then recent European experience would be one not only lacking a final destination, but one plagued by...
LP and HRManaging Two Seemingly Divergent Functions
EDITORS NOTE: Dan Doyle is vice president of loss prevention and human resource administration for Bealls Inc. of Bradenton, Florida. He is not only...
Boosting Employee Shrinkage and Safety Awareness in the DC Environment
Four major retailers discovered that reducing losses in their distribution centers (DCs) boiled down to one primary challenge—getting associates to take responsibility and accountability...
Operational Shrink in Retail: There’s More to LP than Preventing Theft
Since its inception in 1993, the Lowe’s Companies loss prevention and safety department has tailored its programs to identify and respond to losses that...