Tag: shrinkage
Improving Home Improvement Shrinkage
E D I T O R : Your title is vice president of loss prevention, safety, and hazmat. That entails a lot. Give us...
Retail Refund Fraud and Abuse
In almost every neighborhood, at least one resident is known for “renting” merchandise from stores. Some refund abusers have purchased ticket guns to reattach...
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...
Changing the Loss Prevention Culture in Food Retailing
EDITORS NOTE:Dan Faketty is vice president of loss prevention at Harris Teeter, an upscale grocery chain with 143 stores operating in six southeastern states....
Whats Ahead in Technology in 2003?
In the mid- to late-1990s, great strides in computer and telecommunications technology gave rise to an array of cutting-edge security solutions in all areas...
What Shoplifters Say about Stopping Shoplifting
With all the advances in security measures, FBI Crime Index statistics show shoplifting offenses were up 13.3 percent in 1999 compared to 15 years ago. This...
RFID: The Future of Supply-Chain Management
Imagine a microchip the size of a grain of salt attached to every single manufactured product in the supply chain. Every can of soda,...
Outsourcing Options in Specialty Loss Prevention
Over the past two years, several specialty retailers including Stride Rite, Wilsons Leather, and Fredrick’s of Hollywood have made the decision to outsource their...
How EAS Source Tagging Rewrote Shrinkage History in the Music and Video Sector
History repeats itself until history is rewritten. For decades, prerecorded music and video products have been prone to high shrinkage. Whether it was the...
A Tale of Two Companies: A Roadmap for Merging LP Departments
LensCrafters is the largest chain of optical superstores with more than 860 stores in the U.S. and Canada. Sunglass Hut International is recognized as...