Tag: walmart asset protection policy

The vendor-retailer relationship is complicated, time-consuming, and sometimes frustrating. But if it's the right relationship, it can be mutually beneficial and everyone is happy—or at least minimally dissatisfied, depending on your perspective.

Tyco Retail Solutions recently announced the ShopperTrak list of the most anticipated holiday shopping days of 2018, and the top ten busiest days to bring in nearly half of a retailer’s seasonal shopper traffic.

It is equally important to be able to align and describe how a selected protective countermeasure or treatment actually works to affect a problem.

A more effective way to attack this type of theft is to bring together retailers and law enforcement resources in order to share trends and case details.

Here’s how one shoplifter assesses risk. “First things first—you want to know if they got what you want. The second factor is the risk involvement. The risk involvement will be security times cameras times employees times space times [other] customers."

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.

As part of a 2015 civil lawsuit, an Omaha jury ordered a discount store to pay Richard "Dave" Moore, who was convicted of shoplifting from the retail store, $750,000 for injuries he received from a loss prevention officer.

Two US retail chains participated in an extensive study of how to select individuals most likely to "win" as in-store loss prevention specialists (store detectives or “SDs”). Following are some of the highlights of this study.

The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas.

You probably don’t follow Lady Gaga on Twitter, but you can probably guess that she has millions of followers. What’s surprising, perhaps, is how many people hang on the word of seemingly average folks.