Tag: shrinkage

The LPM team is privileged to have a front-row seat to the very best in the loss prevention industry, providing a unique opportunity to...

Navigating the asset protection responsibilities at the world’s largest retailer requires patience, perspective, partnerships, and outstanding leadership. Mike Lamb, LPC, is the vice president...

It’s probably not difficult for loss prevention practitioners to picture the value that surveillance video solutions can provide. After all, they’re often inundated with promotional descriptions suggesting that today’s video solutions are a panacea for sluggish store sales and high shrinkage.

For the majority of retailers, loss is an inevitable part of doing business. What form this loss takes and, critically, how much it costs...

Over the course of four months, students in the UT MSBA program worked closely with asset protection professionals at 7-Eleven to fully understand the organization’s business model and develop hypotheses about how analytics might be used to identify fraudulent activity.

Retail shrinkage stems from a handful of causes that are rarely unique to a single retailer. Theft, whether internal or external, and operational error...

While the annual shrinkage surveys covering retail loss prevention go some way in offering an oversight as to how the industry is thinking about...

Does Concealment = Shoplifting? In most states, intent is the driving factor in determining whether to charge a shoplifter. It is a common misbelief among shoplifters...

How to Calculate Shrinkage in Retail Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as...