The 2013 National Retail Federation’s Loss Prevention Conference is fast approaching! This year’s show will run from June 12-14th in the San Diego Convention Center. Our home for the show will be booth 821, which is to the right of the sponsor booths at the center of the show floor. If you get lost, listen for the water! For those attending you’ll see what I mean. 2012’s show was an exciting one. It saw individuals starting to gain back confidence in the economy which allowed for discussions of ...
When it comes to loss prevention large retailers have it down to a science. With entire departments dedicated to preventing shrink, and budgets allocated for LP solutions, it’s easy to see why loss prevention is often considered an activity for the big players. For the small, independent retailers LP may not be a primary activity, but that doesn't make it any less important. Small retailers have a knack for finding creative and inexpensive ways to implement loss prevention activities. Some popular tactics include building a reliable team and utilizing customer ...
The relationship between the loss prevention and IT departments in retail go way back. Ever since the first cameras were installed these two departments have been inseparable, and that’s not a bad thing. This marriage has resulted in some amazing solutions throughout the years, all ultimately helping retailers reduce fraud and stink. But now, a few decades after those first cameras were put to use, it may be time for these two love birds to take a break. The main reason for this break up is efficiency. When an LP agent wants to run a report they often ask those in ...
Think your job is difficult to explain? Tell a stranger you work in Loss Prevention and they will picture one of the six pictures above. Sadly, common folks picture poor mall security, family members see us as the first line of defense for clients, bosses see us as a slacker, and we think of ourselves as the best in the security business. On the contrary, we spend most of the day staring at data charts and monitoring security footage. It’s not as exciting as ...
It’s hard to imagine there was a time when professionals in Loss Prevention were taught with the “sink or swim” theory. According to Catherine Penizotto, Vice President of Analyst Services at Agilence, LP related cases have advanced beyond our limits evolving from petty theft to fraud involving data breaches, supply-chain security, and mobile technology. Consequently, as thieves become more advanced in their efforts to defraud retailers, we need to adapt more quickly to protect our business. Ms. Penizotto’s latest feature in LP Magazine goes on to say "today’s LP is no longer ...
Social Media White Paper
Social Media isn't just for marketers, loss prevention and operations can use the tool to enhance their efforts as well.
