This post is designed to provide a theoretical context for understanding the psychological and social forces that drive people to become criminals, how criminogenic opportunities can be reduced, as well as where analytics fits into loss prevention. Read More
Tag: situational crime prevention
“Deprive a thief of a safe and ready market for his goods; and he is undone.” Read More
By Jack Trlica
One of the highlights for senior loss prevention executives was a private luncheon with three University of Florida scientists who discussed research into omni-channel retailing, the effects of fear of crime on shopping behavior, and reducing corporate digital threats. Read More
Regardless of the protective progress retailers and solutions providers are making, thieves are still carrying off billions of dollars’ worth of goods annually. While merchandise loss costs retailers huge amounts of money, theft-driven product out-of-stocks, and sometimes locked-up goods, it also deters sales to good customers. Happy, buying customers are Read More
In 2017, Adrian Beck, professor in the criminology department at the University of Leicester, published a piece in Security Journal outlining a new conceptual typology regarding loss. Beck argues that “shrink” is an antiquated term that lacks a clear definition in the retail industry. [Editor’s Note: Beck published a piece Read More
Rent-A-Center’s primary loss prevention challenge stems from its business model. The rent-to-own company allows people who are low on funds or credit to rent furniture, electronics, and other goods with an option to own them after a payment agreement has been fulfilled. Usually, this model works just fine. Unfortunately, some Read More
We always want to win, not just execute. In fact, we must win. When LP loses, life safety, brand image, and financial performance are all at risk. At the Loss Prevention Research Council (LPRC) and University of Florida (UF), that’s our mandate, to support LP/AP success through process and people Read More
Joe, a would-be thief, couldn’t believe his luck. Here was a store willing to hand him a brand new state-of-the-art smartphone with no credit check and a few dollars down. And just two doors away was another retail store—this one advertising that it paid top dollar for smartphones.
The criminal wheels Read More
Intelligence drives the fight. Ask General George Washington. In fact, ask anyone battling an adversary. Good, accurate, current intel and definition makes the total difference. We should know more about our opponents than they know about us. But who does know more? Us or them? If we want to win 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