Tag: the loss prevention group
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
According to industry surveys as well as industry buzz, it’s one of the hottest technologies in the retail loss prevention industry, with users swearing by it and companies spending hundreds of thousands of dollars to implement it. What is all the excitement about? Online POS exception reporting systems.
“Exception reporting” is Read More
EDITORS NOTE: Tom Fricke (pictured to theleft) joined The Home Depot in November, 2005, asvice president of asset protection with responsibilityfor loss prevention, safety, environmentalprograms, and crisis management/businesscontinuity. Fricke came to The Home Depot fromGiant Eagle Inc., where he was chief administrativeofficer. Previously, he worked at PepsiCo for overeleven years Read More
In today’s knowledge and service economy, successful business organizations recognize the importance of on going development, education, and training. But, thoseworthwhile goals are not always easy to achieve due to structural obstacles endemic to organizational growth or downsizing, economics, or other market influences. This article explores how one company’s loss Read More
The core of this article focuses on the impact of cutting-edge technology and technical analysts working in Hollywood Entertainment’s loss prevention department. However, these technologies and people are only one key part of a fundamental shift in Hollywood’s approach to loss prevention. In addition to the people and technology, two Read More
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. Harris Teeter is based in Matthews, NC, a suburb of Charlotte.
Faketty came to Harris Teeter in 1999 from Kmart, where he was director of loss control Read More