Company Policies and Shoplifting

Many retail stores spend a lot of time and money combating shoplifting.  From loss prevention teams to anti-theft devices, security systems and many more, retailers always look for the best way to prevent shoplifting in their business.  Having your company’s policies visible and implementing them well can help your business and your management team deter shoplifting and employee theft. Communicating your company’s policies and procedures to your employees regarding employee theft and shoplifting from outsiders can protect your employees from harm and your business from lawsuits.  To read more about this topic follow the links below.

Retail Management: Policy Violations

The dynamic retail industry requires flexibility from loss prevention professionals.

Building a successful career in loss prevention has always been predicated on the commitment to professional growth and development. Working in a business as dynamic as retail, it is essential that we remain flexible in our methods and progressive in our approach to a global retail market. As the business moves forward, change comes quickly, and our retail management skills and abilities must evolve to meet the needs and expectations of a new professional standard.
But true growth must be built on a solid foundation. Especially when we consider the pace of change, we find that success is largely based on the refinement of the fundamental principles that anchor our skills and our decision-making. By expanding on our foundation of knowledge, we give ourselves a stronger and more stable base to build upon. We reinforce our futures by broadening our opportunities.

CD Shop Owner Accused in $2M Scheme With Shoplifting Addicts

​A record store owner is charged with using heroin addicts to shoplift more than $2 million worth of books, videos, and other products that he then resold online.

Anthony Cicero, 50, of East Pittsburgh, has been charged with running a corrupt organization out of his Slipped Disc record store in Oakland, a trendy Pittsburgh neighborhood home to The University of Pittsburgh and Carnegie Mellon University.

The investigation stretches back to 2008, when a Barnes & Noble investigator began tracing about $30,000 a week in stolen items to the addicts allegedly employed by Cicero, according to a grand jury presentment included with charges filed Wednesday. Cicero is also charged with theft, receiving stolen property, retail theft and conspiracy.

The state attorney general’s office said Cicero clearly knew his shoplifters — known as “boosters” — were addicts.

Cyber shoplifting costing retailers billions, driving up prices

STATEN ISLAND, N.Y. — A thief looking to scam a credit lender goes on an online shopping spree, ordering thousands of dollars worth of goods. When the bill comes, he calls the credit card company and claims they are fraudulent charges.

In good faith, the lender issues a “chargeback,” or credit, to the customer’s card, and the thief gets away with cyber shoplifting.

This crime is costing retailers up to $16 billion per year, and it’s making online shopping more expensive for consumers, as retailers pass along the costs associated with cyber shoplifting, said Monica Eaton-Cardone, co-founder and chief operating officer of Chargebacks911.

“Banks aim to keep their cardholders happy and typically assume ‘the customer is always correct.’ … [This] often leads to automatic chargeback refunds without further investigation or analysis,” she said, noting that cyber shoplifting falls under the larger category of “friendly fraud.”

“Chargebacks give consumers a loophole where they can call their bank or the merchant for an online transaction where they claim they didn’t receive the product or they could say, ‘I don’t recognize the transaction’,” Eaton-Cardone added.