How much of our shrinkage number is due to theft? If you’ve been asked this question once, you’ve been asked it a thousand times. How do you answer this question? Educated guess? Based on indicative feedback? Through deep data analysis? Read here to find out how to move unknown to known shrink.
The Loss Prevention Research Council (LPRC) has done a great job of highlighting research focused on the different Zones of Influence that offenders travel through when undertaking criminal activity. In this article we examine how a connected community can empower prevention across all Zones of Influence.
Learn how General Stanley McChrystal turned the tide of the war on terror in Iraq and Afghanistan by empowering his teams with intelligence, and how AP/LP teams across the world can benefit from his approach.
The difference between the post-global financial crisis (GFC) economy and the post-Covid-19 economy will be significant, and for retailers and their Loss Prevention (LP) functions to survive and more importantly win in the new economy, a change in approach is needed.
These unprecedented times are already creating new challenges for retailers and communities when it comes to crime. Many customers from across the world have asked us about the impacts that COVID-19 is having and will likely have on retail crime now and in the post-pandemic future.
As we all know, prior to the COVID-19 pandemic the loss prevention (LP) industry was already in a dramatic shift due to the decriminalization of retail theft.
Anyone who works in loss prevention, knows that the majority of losses from theft aren’t a result of kids stealing candy bars, rather the result of organized retail crime (ORC) syndicates stealing specific goods to sell on the black market for profit.
A recent report examining retail shrink rates around the globe has offered new insights on theft and shrink-related issues in 14 countries. We've summarised the key takeaways for you here.
