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:
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The increased concern about violence in the apprehension of shoplifters
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The greater emphasis on emergency response plans
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An enhanced approach for dealing with organized retail crime (ORC)
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The integration of emerging technologies into operations
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The further improvement of background screening practices
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More career opportunities in loss prevention
Click on Sostilio’s photo to read more of her NRF interview.


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
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