What is Retail Loss
Prevention? The focus generally includes shoplifting
and embezzlement by store staff. "Loss prevention" or "LP"
is used to describe a number of methods used to reduce the amount of all losses
and shrink often related in the retail environment.
You
may ask yourself if there is a need for loss prevention agents? The answer is "Yes". Take a
look at this 2011 Retail theft Survey conducted by Jack Hayes International.
Annual Retail Theft Survey
Over 1 Million
Shoplifters & Dishonest Employees Apprehended in 2011 by Just 24 Major
Retailers According to the 24th Annual Retail Theft Survey by Jack
L. Hayes International
“In 2011, both the apprehensions and recovery dollars from
shoplifters and dishonest employees rose; up 5.8% and 11.4% respectively,” said
Mark R. Doyle, President of Jack L. Hayes International. “While shoplifter
apprehensions rose 6.0% and dishonest employee apprehensions rose 3.3%, the
recovery dollars from these apprehensions was up 13.9% for shoplifters and 5.6%
for dishonest employees. It should also be noted that shoplifter apprehensions
and recovery dollars have increased 8 of the past 10 years!” Mr. Doyle
added, “The seriousness of retail theft is a much greater problem than many
people realize. These theft losses are driving retail prices higher and
putting some stores out of business".
