Learning that the purpose of loss prevention in retail is to reduce product theft and preserve profits is an essential part of running a successful business. There are many aspects of retail loss prevention that can help you within your company. If you’re new to loss prevention, this article will help to educate you! Loss [...]
As retail shrinkage and theft continue to rise, loss prevention (LP) professionals are constantly making changes to protect their store's merchandise. Unfortunately, continually researching the best loss prevention tips and solutions requires additional time that a busy schedule might lack. That's when a loss prevention company can step in and help relieve some of that [...]
The retail industry has continued to grow and adapt to numerous changes over the years. So, it makes sense that product protection should evolve and adapt to those changes too. In the early days of the retail industry, store security's main focus was preventing theft from shoplifters. Then loss prevention evolved from security as a [...]
Developing and maintaining a loss prevention strategy is an ongoing process for any business professional (whether you’re the business owner, finance, merchandising, or loss prevention professional). You will need to adapt to a constantly changing retail environment and make loss prevention changes as necessary. Begin by understanding the company’s needs and goals. This will [...]
