Tag: tjx data breach
Restaurant Theft: The 5 Most Common Methods
Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which dishonest employees steal from restaurant owners and customers.
The Link Between On-Shelf Availability, Sales, and Loss
You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because they had sold out of strawberries.
Analyzing Employee Theft Statistics from a Specialty Retailer
When I was a doctoral graduate student at the University of Minnesota during the late 1970s, I began conducting research on employee theft. At...
9 Necessary Practices for Successful Shrinkage Control
In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the...
Breaking the Retail Shrinkage Life Cycle
For those of who have been in the loss prevention business for a number of years, you are surely familiar with the retail shrinkage...
Redefining Inventory Shrinkage—Four New Buckets of Loss
What does inventory shrinkage mean to you?
For most companies, the answer to this question would be obvious: a significant problem, and usually something that...
2016 National Retail Security Survey Results Released
Results from the 25th annual National Retail Security Survey (NRSS) were recently released at the National Retail Federation’s (NRF) PROTECT Conference, which was held...
ASDA’s Fresh Approach to Grocery Loss Prevention
Most parents understand the narrative of “bringing up baby”—the tiny first steps that, with nurturing and encouragement, turn into giant strides as the infant...
2016 National Retail Security Survey Key Findings
The 2016 National Retail Security Survey (NRSS) based on 2015 data from retailers was released at the recent National Retail Federation (NRF) PROTECT Conference...
The Search for New Asset Protection Technology Solutions
Brand Elverson was the director of asset protection systems and analysis with Walmart when this interview first appeared in LP Magazine. He is currently...