Developing a Store Specific Shrinkage Control Plan-of-Action
It’s the end of one year and now we all begin looking forward to the next year. But first, many retail stores will take a physical inventory over the next 60 days to see how their Shrink/LP Program...
View ArticleEmployee Theft Prevention Tips
Our 34th Annual Retail Theft Survey showed an increase in 2021 in both dishonest employee apprehensions and recovery dollars, 6.0% and 29.8% respectively. Survey respondents noted additional focus,...
View ArticleDishonesty: The Greatest Threat
In the spring of 1980, I made the following comment on a radio talk show: “The greatest threat to the economy of the United States is simple dishonesty.” At that time I could not prove that my...
View ArticleStore Shrinkage Control Plan-of-Action Development
(Editor’s Note: In a previous article, Mark discussed creating a store-specific Plan-of-Action. In this issue, he addresses specific items relating to the three major shrinkage causing factors.)...
View ArticleShoplifter and Dishonest Employee Apprehensions and Dollar Recoveries Soared...
The 35th Annual Retail Theft Survey by Jack L. Hayes International, Inc. reports on over 340,000 shoplifter and dishonest employee apprehensions in 2022 by just 26 large retailers, who recovered over...
View ArticleOSHA’s Top 10 Safety Violations
When developing or updating your Safety Program, a good start would be to review OSHA’s “Top 10” most frequently cited safety violations (2022s are listed below). These issues should be promptly...
View ArticleCargo Theft – Holiday Alert
Historically cargo thefts increase up to 40% during the winter holidays and experts expect similar increases for this coming 2023 holiday season. Food & Beverage has been the top commodity...
View ArticleHoliday Season Challenges
Ah, the busy (we hope) holiday season is rapidly approaching. With that in mind, I thought it might be helpful to offer a few refresher type pointers on things that any retailer can do to help reduce...
View ArticleTrends in Shoplifting Statistics
The participants in our Annual Retail Theft Survey are all large retailers with AP/LP staffs dedicated to the prevention of theft (internal and external). Most use EAS, CCTV, security packaging,...
View ArticleThe ‘Loss Prevention Basics’ = Increased Profits
As we begin the 2024 new year, let’s all make a commitment to keep the “LP Basics” a daily priority within our stores, warehouses, and distribution centers. While some losses do occur at the time of...
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