Whether you run one store or one hundred, there’s no business too small to find the best techniques to reduce shrink and increase profit margins. Even when retailers are armed with the latest methods, the biggest factor in reducing shrink is often the resources store managers have available to achieve the greatest return on investment. An [...]
Retail loss prevention professionals hold their law enforcement partners in high regard. And the connection to law enforcement is not just professional, but personal for many in the industry, who either formerly worked in law enforcement, or have close friends and colleagues in the field. At this morning’s keynote presentation, Craig Floyd, director of the [...]
How can retailers continue to develop talent in the loss prevention field, and how can companies create internship programs to identify future LP superstars? Those were some of the questions being asked – and answered – at today’s session on “Higher Education in Loss Prevention” at NRF’s 2012 Loss Prevention Conference. During the session, faculty [...]
They don’t do it for the thank you. And they don’t do it for brand recognition. But sometimes a little recognition is well-deserved. From helping with rebuilding projects in Joplin, Missouri to providing bikes for children to ride to school in Zambia, LP teams from retail companies and retail partners including Black & Decker, Hart Systems, Kroger, [...]
NFC, POS, EMV, RFID. This may look like alphabet soup to some, but if you work in retail, you know what these acronyms represent – a host of technologies (some new, some not so new) in the retail space. As an increasing number of retailers experiment leveraging each of these, seamless customer experience is sure [...]
Loss prevention professionals closed out the first full day of NRF’s Loss Prevention Conference Wednesday at the Diversity Loss Prevention Reception. Thrown jointly by NRF and the International Organization for Black Security Executives, the networking reception promotes diversity in the loss prevention community. To see more photos from the reception and LP ’12, check out our [...]
There’s been plenty of press in recent years chronicling the epidemic that is organized retail crime. But how do habitual retail crimes affect the industry, retail employees and customers beyond dollars and cents? At Wednesday afternoon’s breakout session Habitual Offender: Beyond Apprehension, loss prevention executives from GAP and CVS Caremark discussed the resonating effect habitual [...]