The primary purpose of loss prevention in retail is to deter product loss from theft with the goal of preserving your profits. A successful loss prevention strategy requires more than security cameras and anti-theft devices. Loss prevention is an ever-evolving industry where thieves are constantly growing, adapting, and finding new ways to steal from [...]
As you continue with your workday, you decide to take a quick lap around the store to see how everything is going out front. Walking around, you see all the shelves are well-stocked with merchandise. As you round the corner, you notice a recently hired employee installing an anti-sweep device in the OTC cold [...]
As a retailer, you’re familiar with loss prevention devices (tags, safers, pins etc.) and probably have a few you’re using now. Did you know that using these devices can save you money? Retail loss prevention devices are an essential element of success for any retail business. Learning more about their purpose and importance will [...]
Running a business requires numerous responsibilities with various components. As a business owner, you'll need to learn which ones you should complete and which tasks others should handle. One fundamental element for any business is loss prevention. It protects your inventory from shoplifters, employee theft, and shrinkage while protecting your profits. Many retail strategies and [...]
It's common to hear the terms loss prevention and asset protection in retail stores, supermarkets, and pharmacies. Now you might be wondering what's the difference between the two words, loss prevention vs. asset protection, and when you should implement a strategy in your business. Loss Prevention vs. Asset Protection: Definitions & Goals Those two words [...]
If you've researched supermarket loss prevention strategies before, you've likely seen advice on hiring security guards, installing CCTV, or locking high theft merchandise in glass cases. While those are all helpful tips, there are even more practical grocery store theft prevention strategies you can implement. So, whether you own a convenience store or a multi-chain [...]
When an employee steals from their job, it's known as internal (or employee) theft. The good news is that employee theft apprehensions were down significantly in 2020 compared to 2019 (2020 saw an average of 361.6 arrests compared to 560 arrests in 2019). To continue lowering employee theft in retail stores, you should know the [...]
Internal theft from employees is a constant concern for retailers, and even with prevention programs in place. Do you know how much employee theft occurs in the United States? At Product Protection Solutions (PPS), we know knowledge is power. So we’ve gathered some of the latest employee theft statistics and included tips on protecting your [...]
Theft is an occurrence every retailer will face at some point in their business. Instead of trying to avoid it, there are solutions and services available that can assist you in your efforts. This article will educate you on the value of business theft prevention solutions and how implementing strategies can prevent theft before it [...]
