Tag: shrinkage
Investigative Interviewing Lessons from the Experts
Investigative interviewing techniques include profiling, anticipating problems, and asking what the fact giver wants to know.
STUDY: How Do Stores Handle Retail Risk Management?
The currently described retail risk management research was an attempt to gauge whether and how retail chains segregate stores into risk and vulnerability bands for more precise protective support.
Relying on Sales Won’t Eliminate Causes of Shrinkage
Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
What’s Driving the Latest Retail Shrinkage Rates in the United States and Beyond?
How can US retail shrinkage rates be so high, when the United States ranks in the top five countries in terms of investment in loss prevention technology?
How to Make Sense of Randomized Controlled Trials: A Guide from LPRC’s Research Team
Randomized controlled trials (RCTs) are the gold standard in evidence-based research. At first glance, they seem simple enough: Give some patients the real drug, give some the placebo, and see what happens.
Monitoring and Measuring Interviewer Performance
Evaluating interviewer performance is one area that can be difficult to measure against the department’s overall expectations, but can be a major return on investment for the interviewer and organization.
Hibbett Sports Store Operations: An Exclusive Interview with Scott Myers, VP of AP
"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."
How to Sell Your Proposal to a Senior Loss Prevention Executive
While it would be impossible to give an exact formula for success in every company and project, it is reasonable to explore a framework that can be used to increase our chance at getting our proposal approved and implemented.
Retail Shoplifting Policies and Procedures
For this benchmarking survey, the authors looked at how some of the biggest retailers in the US are experiencing shoplifting, violence associated with these incidents, and the shoplifting policies and procedures put in place to manage these issues.
The Worldwide Impact of Shrink
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...