Tag: store shrink
By Dan Faketty
One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your background is predominantly in discount retail?” My response to that question is almost always the same, which is: “I follow the loss prevention road map.” Often Read More
Tyco Retail Solutions to Showcase Sensormatic Shrink Management as a Service at 2018 RILA Retail Asset Protection Conference
Tyco Retail Solutions will showcase its Sensormatic Shrink Management as a Service (SMaaS) at the 2018 RILA Retail Asset Protection Conference, April 29–May 2, at the Gaylord Palms Resort & Convention Center in Orlando, FL. This loss prevention platform is designed to help retailers enhance productivity, and increase reliability and Read More
If organized retail crime (ORC) continues to plague retailers as recent studies indicate, why are some retailers cutting their ORC investigative staff and seemingly losing their focus on preventing store loses and protecting their store associates and customers?
In the January-February 2018 issue of LP Magazine, author Garett Seivold penned the Read More
By Chris Batson
Distribution center loss prevention provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with reduction of shrink and generating a sufficient return on investment to justify their programs.
Given the growing investment in supply chain inventory management, how does a distribution Read More
Tyco Retail Solutions today announced it is collaborating with Google Cloud to strengthen its market leadership in next generation real-time analytics and store execution and performance solutions. Google Cloud Platform provides a future proof infrastructure with global scale, security and high performance for Tyco Retail’s world-class global retail customers.
The adoption Read More
In recent years, senior loss prevention executives throughout retail have had to come to grips with a different type of promotional sale events—the all-too-frequent store-closing sale.
It is no longer a rarity that LP managers are called upon to design and implement shrink-control programs that protect inventories throughout the process of closing a retail store. Read More
Just as online marketplaces made shoplifting worse by providing thieves with an easy avenue to sell their stolen goods, the dark web is raising risk by offering employees a venue for doing the dirty business of selling stolen information. According to a new report, the number of employees who did Read More
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively affect bonuses and department morale. At times, unacceptable results may even lead to dismissal.
Forward-thinking LP professionals, like golfers in search of the key that will elevate Read More
Credit card breach affects 1,175 hotels
Men steal $2k in teeth whitening strips
Group stole $800k in scheme
Travel agent gets prison
Retail ring suspect sentenced
Teens caught in Facebook video
California leading in cargo thefts
ISCPO quarterly message Read More