Key Loss Prevention Trends

Loss prevention is very important for retailers (see this prior post, for example).
In an interview with the National Retail Federation, Rosamaria Sostilio — Senior Vice-President of Asset Protection for Saks Incorporated identified six loss prevention trends for 2013:
  1. The increased concern about violence in the apprehension of shoplifters
  2. The greater emphasis on emergency response plans
  3. An enhanced approach for dealing with organized retail crime (ORC)
  4. The integration of emerging technologies into operations
  5. The further improvement of background screening practices
  6. More career opportunities in loss prevention
Click on Sostilio’s photo to read more of her NRF interview.

This entry was posted in Career Useful Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing and tagged , , , , , , , , , , , , . Bookmark the permalink.

3 Responses to Key Loss Prevention Trends

  1. Bill Crandall says:

    Just to add some context … LP or “shrinkage” represents a $34.0 billion loss to the retail industry. Of this amount, about 45% is due to employee theft; 35% to shoplifting; and 20% due to accounting errors and vendor fraud. Average store shrink within the industry is about 1.5% of total retail sales in any given period. More info follows in this link. Bill Crandall http://smallbusiness.chron.com/retail-shrinkage-55148.html

  2. Kenton says:

    That is a very good tip particularly to those new to the blogosphere.

    Brief but very accurate info… Thank you for sharing this
    one. A must read post!

  3. KRD Entertainment says:

    Hi there, this weekend is good in support of me, since this moment i am reading this fantastic informative piece of
    writing here at my residence.

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