“I Can Out Sell My Theft & Inventory Shortage”….. Yeah Right

If you believe that you can outsell your cash or inventory losses due to theft, you probably won’t be in business for long. Or if you do survive, you are no way living up to the margins you deserve. In my 35+ years of loss prevention particularly helping medium to small retailers, I have heard this more times than I can believe.

Consider this, as an example, if you have a net 2% profit over all. In other words after taxes, rent, payroll, merchandise cost, insurance…. you clear 2 cents on the dollar. Then a $100 dollar loss will cost you $5000 (100÷.02). Yes, FIVE THOUSAND DOLLARS. You will have to purchase, ship, receive, stock and sell another $5K just to BREAK EVEN on a $100 loss. I doubt even a drug dealer would make money that way.

Don’t delude yourself. 

Now on the flip side. I do not advocate that you turn your store into a six sided steel box to protect yourself from shoplifting, employee theft, vendor fraud and paperwork errors. Exactly the opposite. I want you to have an open, friendly and inviting environment for your legitimate customers and employees. What you can’t be is naive to your shrinkage and loss problems.

First, realize that you must do inventories at a minimum quarterly, more often if things are seriously out of whack. Cycle counts for individual SKU’s that seem to be loss problems are also important. Do not wait until the end of a quarter or heaven forbid end of year to find out you have a problem. You have to go on offense not defense. Theft and shrink are business problems. Nothing more, nothing less. We can easily show you how to do this. You do not have a retail LP issue that has not been seen and dealt with before.

In regard to employee theft what are your hiring practices. As an LP professional that has personally conducted over 2300 investigations and interrogations of employees involved in theft, I started looking up the drain pipe to see where it is all coming from.  It starts with the application and employment interviewing.

For shoplifting; Do you and your staff know really know how shoplifters act. Probably not. Shoplifters are easy to spot. You just need to know what to look for. Stopping them is incredibly easy. Again, you just need to apply the correct tools and training.

But all of this is for nothing, if your retail attitude is not straight.

Another problem is business apathy. The “oh I am so busy I do not have time”. You don’t have time to keep your profits on your bottom line and not the thief’s? Then why are you doing all this? Making a living for you, your family and employees is all what it is about.

I have had people steal from me. It doesn’t feel good and it makes me angry.  I work really hard and try to work smart to provide my family’s income and the income for my employees. But the thought of simply covering it up in my own mind is unthinkable. It should be for you also.

Go on the attack. Fix your loss problems before they happen. Remember, we can help you with that. We are simply an email or phone call away.

Have a super retail day!


Look For Red Flags When Reviewing Applications And Interviewing Job Candidates

How many of you have done IT? You know the IT I’m talking about. You looked at an application, interviewed the candidate, had a bit of an unsettled feeling about him or her but hired them anyway. IT may be a few days, a few weeks or a few months later but IT becomes a reality, buyer’s remorse. You hired someone who turns out to be a dud. It may be they are calling out of work on a regular basis or perhaps they aren’t following directions on tasks you are assigning them. It may be that you think they are stealing money or merchandise from you. Whatever the problem you just wish you hadn’t hired this person. It is frustrating to make those types of employment decisions, but don’t feel like your small retail store is all alone because you have to make these hiring choices yourself. It even happens to big companies that have Human Resources departments dedicated to trying to hire and retain the best employees.

There are things the smaller store owners and managers can do to try to improve their chances of hiring good applicants for their stores:

  • First and foremost, if you aren’t doing background checks consider hiring Loss Prevention Systems Inc. (LPSi) to do them for you. Their team can dig into a candidate’s past to verify they aren’t hiding important information from you. They can do criminal background checks, verify employment, validate driving records, and so much more. By having a background check company conduct pre-employment screenings on your candidates you also protect your business from potential liability lawsuits if your employee were to harm someone while acting as a representative of your business.
  • When you are reviewing applications look for red flags on the application itself. This could be a significant gap between jobs. While a month up to three months may be explained as just a difficult time finding employment, more than that may be a cause for concern but not necessarily a deal breaker on its own.
  • Look for brief periods of employment or a pattern of going from one job to another, sometimes known as job hopping. While some of this may be expected from a teenager or a college student who may have to find summer work between spring and Fall Semesters it should not be the case for someone out of school for a year or so. Job hopping could indicate someone who has problems at work either with the job itself or the manager. It could also indicate someone who has been stealing and quit before being caught.
  • If your application asks if a former employer may be contacted, look out when the applicant indicates “no” and/or leaves the former supervisor’s name off of the application. There could be a reason they don’t want you to contact that employer.
  • When conducting interviews look for the way the applicant dresses. Regardless of how casual the atmosphere of a business may be it should still be expected that an applicant will come to the interview in at least business casual attire. If an applicant does not care enough to make an attempt to impress the boss in an interview it is highly unlikely they will attempt to impress the boss in their job performance.
  • Look for eye contact from the applicant during an interview. Some people do not know how to interview, have been out of the workforce for a while or may just be nervous so some glancing around is to be expected. On the other hand, there should be some eye contact and if it seems the person is avoiding it, you should consider this a red flag.
  • Cell phones! While they seem to be a necessity of life, they do have an off button. If your candidate fails to mute a phone and it goes off during an interview let it raise a flag. If the applicant asks if you mind if they take the call, I suggest you end the interview at that point. Very few life and death matters take place during an interview. It is more a matter of poor planning. They didn’t take time to mute their phone, turn it off or tell someone where they would be at the time of the interview. If you aren’t more important than that phone during an interview you won’t be more important when they start working for you.

When you hire someone you invest a lot of time and money in them. When you have to get rid of them you start the whole process over and invest more money. Don’t throw good money after bad, recognize red flags and hire right the first time.


The Costs Associated With Poor Hiring Decisions

We make decisions each and every day that have consequences. We set our alarm clocks and when they go off we choose to do the right thing and get up so we have time to prepare for work properly, showering, grabbing a bite to eat, sipping a cup of coffee or two and saying good-byes to our family. It is possible we may choose to do the wrong thing, hit the snooze button and get that 5 extra minutes of sleep but there is a cost associated with it. That five minutes easily turns to fifteen minutes, showers go by the wayside, we grab the first thing we can find in the closet (or hamper), our socks wind up not matching and if we are fortunate we grab a cup of coffee in a travel cup and hope it doesn’t spill on us as we jog/stumble to the car.

Employers can make poor decisions too when they don’t take the time to hire the right person. Some of you may be familiar with a cost/benefit analysis. You probably use it when you are deciding how to run your store(s). Do you allow your inventory shortage numbers to sit at 1.5% or do you invest in a Checkpoint Security System, spending money now but reaping the benefits later in significantly reduced shrink due to theft?

Do you keep investing all of your money into one store hoping to find the formula that will increase your foot traffic or do you take the risk and open a second store in a new market and try to attract a new batch of loyal customers? Is the cost of the investment going to benefit you over time with increased sales? The same thing holds true for your hiring decisions.

When you hire the right person, all kinds of good things can happen. You may bring on a future department supervisor or assistant store manager. You might be adding that person who seems to make everyone around them smile co-workers and customers alike. Sometimes your hiring decisions result in a home run and that new employee is just a self-motivated go-getter who learns quickly and doesn’t wait around to be told what to do next. The right person offers new ideas and suggestions to help a business get better and wants to see the company succeed. Those people exist it’s just a matter of finding them by not rushing to fill positions and hiring the first person you interview.

But did you know there are hidden costs to making a bad hiring decision? Suppose the applicant doesn’t work out for you for one reason or another and you have to end his or her employment, now you have to go through the hiring process again. What does it cost to advertise the job? How much time will you spend reviewing applications, making phone calls to check on references and setting up interviews? Let’s not forget the time it takes to conduct the interviews. Once you make a hiring decision, guess what? Now you have to train your employee, investing more time and pay for the time training is taking place. Oh, and did I mention that there is a chance that the person you fired will file for unemployment? You may have grounds for termination but even if you do, you need to spend time at the unemployment office fighting the claim. The larger retailers often have a Human Resources Manager to take care of this, unfortunately smaller business owners don’t have this person and so the owner or store manager has to go to the hearing.

What are some of the other costs associated with making a bad hiring decision? A poor performer can have a negative impact on the morale of other team members. Who wants to pick up the slack for someone else? You may have hired a thief and then your cost is amplified in the shortage they are causing in stolen money or merchandise. You may find you pay for a poor hiring choice in terms of spending time on disciplinary action and all the steps you have to take to get rid of the employee.

What’s the answer for a small retailer? We can help you with pre-employment screening as a background check company who can thoroughly investigate a prospective employee doing the legwork of checking out who the applicant really is. Next, take your time in reviewing applications. It’s better to be short-handed for a while and get a quality candidate than just filling a spot out of desperation. Building a strong, reliable team may feel like it takes longer but it will pay for itself in the long run. 


     

Smaller Retailers Retaining Talented Employees In An Improving Economy

I remember the days when I needed to fill a position on my Loss Prevention Team and we could post an advertisement and I could easily get a dozen applications or more. Some of these applicants were talented and had extensive Loss Prevention experience and some had very little work experience at all but were looking for a job. The same thing happened when our Human Resources Manager would post job ads for cashiers, flow team or just about any position in the store, people needed work and took the time to sit at our application kiosks and apply on the spot. I’m not implying it was easy to conduct all of the interviews and sometimes the pool of prospective employees did not seem very appealing but they wanted the work and we could be somewhat choosey. The upside to this was that from a disciplinary and retention perspective, if an employee was not doing the job expected of them or they had attendance issues it was easy to go through the corrective action process and correct them right out the door. We knew we had people chomping at the bit for those positions.

     Another benefit for the store in a struggling economy was that good employees were fairly easy to retain. There wasn’t a lot of competition looking to hire new area or department managers. Talented employees also knew that they were probably going to get the maximum available hours and were sure of their position within the store. Going to another business had risk associated with it since there was no guarantee they would be getting the same hours or enjoy the management. While the employee may not have cared for all of the managers in our store, the managers’ styles were a known quality to the employee.

     Today the economy is improving and it is getting harder to hire and retain talented staff. Many national retail chains are now starting their employees out at $9 and $10 an hour. It is difficult to compete with these kinds of wages for entry level positions and for a small retailer, the choice could be hire at the rate but the cost of doing so is a reduction in the total number of employees you can keep on your team. If you are successful at bringing on an employee at minimum wage, how do you retain the talented employee who may be drawn to greener pastures on the other side of the fence? What can the small, independent store owner do? Let us offer some tips that can help you keep the great employees you can’t afford to lose:

  • Show your appreciation. It may seem silly but people want to know they are pleasing their manager/boss. Your store may be too small to have an employee of the month, it doesn’t work well when you only have a small number of people working for you. That recognition loses its value fairly quickly. Buying a drink for someone from a soft drink machine or bringing in pizza or snacks is always well received. It shows you’re thinking of them.
  • Get to know your employees and even learn something about their family. If something happens with their family member that they are proud of, like a child graduating from high school, give them an opportunity to tell you about it. If they have a sick family member or even a pet express your sympathy, maybe even suggest they take a day or two off to care for that person or pet.
  • Consider buying a small gift card of $10 or $20 every once in a while to a fast food place or a movie theater. Don’t necessarily make it in conjunction with any specific activity the employee did for you or any special sale they made. Do it at randomly and maybe place it in a “thank you” card with a note letting them know you appreciate their hard work.
  • Speaking of “Thank You” cards, there aren’t a whole lot of things that mean more than a hand written note mailed to someone’s home expressing gratitude for the service they provide to a company.

If a monetary bonus is in the budget following a successful inventory or prior to a holiday, like a Christmas bonus, it can go a long way to employee retention. A small bonus for someone making minimum wage can make a big difference for them.

It is hard for a small retailer to compete against the big companies, especially in retaining talent. That doesn’t mean it’s impossible. Demonstrate loyalty and appreciation for the people who make your company successful and they will return the favor.


Shoplifting, Employee and Vendor Theft: Is There A Solution?

Employee theft, shoplifting, and vendor theft are problems that the retail industry faces every single day without a clear solution. The billions of dollars lost to these crimes is a constant problem for retailers, and the losses have to be accounted for someplace else, and they need to make them up somehow to minimize their losses.  The amount of sales retailers need to cover any losses is significant and not easy to do. Is preventing the loss the first step to stop the crime? Read more about this topic by clicking the links below.


Wage Theft and Shoplifting: Same Cost, Different Deterrents

The treatment of these two kinds of crime, however, are completely different.

Many more resources go into trying to deter, detect, and punish the guy trying to pinch a video game system off the shelf at the local big-box store than into the grand theft the store itself may be perpetrating against its own employees—even if the retailer is taking millions of dollars from workers’ paychecks. It’s one more way that the economic crimes of the powerful are treated far less seriously than the transgressions of those with less power.


Task force teaches businesses how to thwart fraud, theft

The enormous number of ways criminals can defraud shoppers and business owners requires increasing awareness about how to combat their efforts, Greenwich police detective and state financial crimes task force member Mark Solomon told attendees of a Monday panel on how to combat identity theft and retail fraud.

“It’s a constant cat-and-mouse game — there’s always a vulnerability criminals will learn to exploit,” Solomon said during his presentation. “It’s not if (criminals) do have our information, but how many times over they have it.”

Due to its wealth and slowness to adopt more secure credit card technology, the United States has become a prime target for cybercrime and fraud, according to Solomon and his co-presenter Christopher Riley, resident agent in charge of the U.S. Secret Service’s Connecticut financial crimes task force.


Employee retail theft soars says new report

When it comes to insider theft and employee dishonesty, the news is not good for the nation’s retailers. At least that is what Mark Doyle, president of Jack L. Hayes International, one of the leading loss prevention and inventory shrink control consulting firms in the world, confides as the group announced the results from their 29th Annual Retail Theft Survey this week.

The 23 large retailers who were surveyed comprise 16,038 stores across the country with over $370 billion in sales in 2016 and they reported 438,000 incidents of shoplifting and employee theft where suspects were apprehended. A staggering $120 million was recovered by retailers from these thieves.

“The five-year trend shows a continued increase in employee theft in both apprehensions and recovery dollars.  This past year is the first decline, which was very minimal, in both shoplifting apprehensions and recovery dollars. In four of the past five years both shoplifting and employee theft apprehensions and recovery dollars have increased, and in many cases, this is with a reduced loss prevention/asset protection staff.  The losses are real and the theft problem is only getting worst,” says Doyle.


 

Can High -Tech Prevent Shoplifting?

The causes for shoplifting are varied and the solution to these issues are not yet answered.  Many people shoplift because of a mental issue, while other shoplift because it is easy and profitable for them.

The National Association for Shoplifting Prevention states that shoplifting has become one of the most prevalent crimes committed in the United States every year.  Shoplifting though is viewed by many of the  people committing the crime as an issue of no importance, or one that does not affect the communities or the people around them.

For a retailer, the issue of shoplifting is a big problem that cost them billions of dollars every year.

For more about this and other issues, follow the links below.


Police give tips to prevent shoplifting

Albany police said the number of shoplifting cases usually increases during the summer, so they’re working to keep local businesses safe.

Police held a meeting for their business watch group on Thursday and shared tips to prevent shoplifting. Some of those include using and testing alarms and video surveillance systems regularly and leaving lights on at night to discourage burglars.

Police said businesses should also communicate with their neighboring shops and with police to share information and surveillance video.


Store Security Turns High-Tech to Prevent Shoplifting

That five-finger discount will kill your bottom line. With $45.2 billion lost to retail theft in 2015, some stores — hoping to avoid the estimated tens of thousands it costs to employ a two-person security team — are turning to higher tech solutions that don’t need to be paid overtime. Technology like facial recognition software that keeps an electronic eye out for known shoplifters can be tough for small independent retailers to afford. But proponents say it doesn’t just catch shoplifters, it discourages them in the first place.


There is more to shoplifting than meets the eye

Last week The National reported that a 29-year-old Macedonian woman, a tourist visiting Dubai, was sentenced to two months in jail. She was arrested in January for attempting to steal lingerie, perfume and lipstick from the Victoria’s Secret store at Mall of the Emirates. She admitted the charges, but in her defence she claimed that she didn’t know why she shoplifted. “I have money, but I steal,” she told her prosecutors.

The UAE is home to some of the world’s largest shopping malls; it also has one of the highest per-capita retail shopping centre densities in the world. It makes sense, in this context, to understand why people shoplift. Globally, billions of dollars are lost each year to shoplifting. So understanding its causes and consequences and trying to find cures are good for business.

In the case of the tourist, we might never know, for sure, why she decided to stuff her handbag with goodies from Victoria’s Secret. More generally, however, psychology and those concerned with consumer misbehaviour have advanced many ideas about why some people shoplift.


 

Alpha High Theft Solutions Blending With The Checkpoint Label

As many of you know Alpha High Theft Solutions was acquired by Checkpoint Systems many years ago. Checkpoint has encouraged Alpha’s brand growth and innovation. Alpha has produced the best high theft solutions, hands down in the industry. Innovations like Spider Wrap, Keepers, Bottle Locks, Cable Locks, Shark Tags, specialized hard tags literally protect billions of retail products worldwide.

As the largest nationwide Checkpoint Dealer we have watched and even helped with the research and development of some of these products.

It comes as no surprise to Loss Prevention Systems and many of you, that the Alpha High Theft Solutions name is being blended into Checkpoint High Theft Solutions. From the inside, the accounting and management functions have been the same for some time. But this has been accomplished slowly and carefully over time. The Alpha DNA is still there, stronger than ever.

When we at Loss Prevention Systems met recently with Checkpoint High Theft Solutions, we clearly saw the Alpha DNA. In fact to us it seems that it is even stronger than ever. We were shown new products, some we cannot discuss yet, as they are still in development with R&D and will be real game changers. The scientists and product specialists at Checkpoint overwhelmed us with the new items they are working on.

These are concepts that are becoming reality other companies have never even thought of. The application of science is, well, amazing. As soon as they give us the green light we will begin rolling them out to you. Maybe even a few lucky LPSI Retailers will get to test and evaluate some of these new game changers.

Checkpoint has evolved into inventory control solutions not just shoplifting electronic article surveillance solutions. When we couple that with Loss Prevention Systems actual loss prevention experience in both the shoplifting and employee theft arenas, you have a powerful partner to help you achieve the profitability you want and deserve. Our real world live training is included on every system we sell, as often as you need it, for the life of your Checkpoint System, FREE of charge.

Loss Prevention Systems includes even more. We are there to help protect you from the bad guys. Shoplifters, employee theft, robbery, burglary, pre-employment investigations, pre-employment interviewing, vendor fraud are threats to your very livelihood. We have personally dealt with all of these for large and small companies alike. A single store owner can have the same loss prevention programs that the big box stores have with Loss Prevention Systems and Checkpoint Systems High Theft solutions.

But rest assured the Alpha brand is alive and well and living in Checkpoint High Theft Solutions. It courses through everything we do and stand ready to help you with. There are exciting times ahead for retail loss prevention and security so stay tuned for more information.  

And remember that if you hate shoplifters and theft as much as we at Loss Prevention Systems, please share this with your retail friends.


Customer Safety: Those Who Steal From Your Store Pose A Security And Safety Risk To Your Customers

I don’t know how many times I have heard it, but I have heard it said that shoplifting is not a crime that is premeditated. I have heard and read the arguments that dismiss the seriousness of the crime and portray the criminals as opportunists acting on the spur of the moment. Implicit in the argument is the minimizing of the extent of Organized Retail Crime rings as well as the willingness of shoplifters to steal from your customers. I have even had people who think along these lines voice their disapproval when I had shoplifters I had apprehended and was walking to my security office. I recall one occasion when I apprehended three young men, about 14 years of age and was by myself. I had them stand with their faces against the wall as I had to get my keys out to unlock the door to my office. Two men were sitting outside my office and one muttered under his breath that I was being a butt, only he used a more colorful adjective. I looked at him and told him to mind his own business. The point is that there are people more sympathetic to the criminals than retailers and see shoplifting as a minor infraction at worst and mischievous behavior at best. The attitude among those that hold to those beliefs might change if they realized that these shoplifters aren’t necessarily choosy about who they steal from. They also don’t consider the safety risks posed by the careless acts of these criminals.

     Whatever your perception may be of shoplifters and no matter how you may try to excuse or rationalize the behavior, theft is a crime. Many of those engaging in shoplifting are engaging in other crimes as well. Frequently those crimes are against other customers in the store. How can I be so sure? I have caught some of those shoplifters who also took advantage of others. I recall a shoplifting incident in which I was following the suspect through the store and watched her concealing merchandise in her purse. I followed her through the store observing her pick up small items and hide them while pushing a shopping cart. I then saw her stop her cart next to another customer’s buggy. The second customer had a purse in her own buggy and a wallet was exposed, she was facing the merchandise and had her back to her belongings. The shoplifter stopped and while the victim wasn’t paying attention the shoplifter deftly removed the wallet and kept going, eventually placing it in her own purse. This was one of those rare situations when I made my apprehension while the perpetrator was still in the building. A victimless crime? A sudden, unplanned prank? I don’t think the woman who had her wallet stolen thought so.

     What other safety issues or concerns do shoplifters pose to your customers? Let’s discuss their actions once they have stolen. I have seen shoplifters grab and run with merchandise. There was nothing that caused them to run, they weren’t approached by Loss Prevention personnel and they didn’t see L.P. following behind, they simply snatched merchandise and ran out the door. I recall working for a department store and I was in the camera room conducting CCTV surveillance and a shoplifter entered the store. He immediately went to a table of men’s Polo shirts, grabbed an armful and ran back out. He jumped into a car parked by the curb and the driver sped off. There was no concern for the safety of the patrons entering the building, he made no attempt to look for small children or elderly people, he just shoved a door open and ran. The driver of the car was reckless in speeding away, endangering pedestrians and other drivers.

     There is nothing cute or funny about shoplifters. They hurt the profit line of the stores they steal from. They often victimize other shoppers, frequently stealing personal belongs or identification. They may also be in your parking lot breaking into cars.  Don’t underestimate the risks posed by thieves. Keep them out of your store in the first place by using retail anti-theft devices on all of your merchandise and offering significant amounts of customer service.


Too Small A Store For A Loss Prevention Department? Loss Prevention Systems Inc. Is The Solution To Your Dilemma

Shortage control and theft prevention for small retailers which have no Loss Prevention Associates in the store was the topic of a recent article in an online loss prevention magazine. The points were well made and much of it was directed at stores that may have district or regional Loss Prevention Managers. But the truth is there are many small, independent retailers with no affiliation to a larger company. How do these stores cope with reducing shrink and preventing theft? It could be a tough problem but Loss Prevention Systems Inc. (LPSI)has the solutions that can keep small stores keep shortage down and profits up.

     So what are the solutions for those smaller retailers and how can LPSI help?

  • LPSI offers business owners advice through the blog posts on its website. The blogs are written by professionals who have years of experience in retail management and retail Loss Prevention. They give helpful insights from their personal experiences and knowledge of how shortage occurs. These insights can often be applied to any retail environment from a local “Mom and Pop” shop to a big box retail store.
  • LPSI posts videos on YouTube. Bill Bregar, owner and President of LPSI regularly posts videos to the web site, sharing stories from his extensive Loss Prevention experiences and tying them in with tips and strategies business owners and managers can employ in their own buildings. The videos are short yet informative and interesting as Bill includes anecdotes from his time in the field.
  • LPSI’s Facebook account provides additional videos and information on merchandise protection tools like Checkpoint and Alpha security tags and electronic article surveillance towers.
  • Small business owners may not have all of the information they need on how to prevent theft from employees or from shoplifters. While they are knowledgeable on the aspects of ordering products, replenishing the stores, running point of sale terminals they may not be equipped or even aware of all the various methods that can impact shortage. LPSI offers training seminars for business owners and managers that will give them the knowledge and information they need to prevent shoplifting, dishonest employee activity, and fraud.  A store may not be able to afford its own Loss Prevention department but this does not prevent them from proactively deterring or stopping thieves. LPSI has provided training both nationally and internationally to give business owners the tools that will allow them to defeat thieves even without a Loss Prevention Department.
  • Were you aware that hiring the wrong people to work for you can lead to internal theft and fraud, poor employee morale or worse, they could be a legal liability? LPSI offers professional background check services. They can look at an applicant’s criminal history, driving record, verify academic records, check on prior addresses, and verify employment history. Will the employee be working around children or other employees? The background check services offered by LPSI can check on sex offender registries to make sure your other employees and customers are safe and secure. Our company can make sure your hiring practices are optimizing your investment in staffing your store(s).
  • Consider that retail anti-theft devices and EAS pedestals can significantly deter shoplifting crime and even internal theft. You might be thinking about investing in it but you’re not sure how much you should invest or what the impact of your investment will be? LPSI offers a Free ROI Calculator on its website. There is no obligation to use it but simply entering the amount of money you are thinking about investing in Checkpoint equipment and how much your annual sales are, you can get a quick estimate of what your savings from shortage reduction would be.

Shortage reduction and theft prevention does not necessarily require a Loss Prevention Department.

     By using all of the resources available through Loss Prevention Systems Inc. you can effectively reduce merchandise shortage. We can also assist you in making the right investments in merchandise protection that will best suit your store size and the type of merchandise you carry.  Spend some time reviewing the LPSI website and social media posts and see if WE can be meet your Loss Prevention needs.


What Are You Doing To Prevent Shoplifting In Your Store?

In some regions, police departments warn retail stores and home owners of an increase in shoplifting and burglaries during the summer months.  Many of the burglaries and shoplifting accidents committed during these months are from young adults that are out of school with nothing better to do.

The problem-although serious- is nothing compared to the thousands of dollars that are stolen by organized retail crime rings in some cities.  

People in an organized retail crime ring can enter a store and leave it within minutes with thousands of dollars in stolen merchandise. They are professionals and their goals is simple: Steal as much as you can in the least amount of time. 

Training to prevent this kind of shoplifting is paramount to the well being of your store.

For more about this and other topics, follow the links below.


Shoplifting plagues Portland retailers

SHOPLIFTING IS A CONSTANT PROBLEM FOR PORTLAND RETAILERS, BUT POLICE DON’T HAVE THE RESOURCES TO CRACK DOWN ON MANY OF THE THEFTS.


Rise in organized retail theft is costing you

RALEIGH, N.C. (WNCN) – They’re fast, they’re sneaky – and their crimes are impacting your wallet.

Organized retail thieves are costing retailers billions of dollars each year, which inevitably ends up costing you.

But it’s more than just shoplifting. Organized retail theft includes:

  • Receiving goods that are believed to be stolen, even if they’re not
  • Shoplifting goods ($200+ value) through an emergency exit door
  • Theft of infant formula more than $100
  • Credit card/gift card fraud

International Super-Heist Cost Retailers Billions Last Year

One woman in El Segundo stole $10,000 of clothes from a shop in about 20 minutes during the course of three visits.

Retailers ready to launch their new fashion lines can bet some of that apparel will be stolen the minute it hits their shelves, according to private investigators.

The products are being shoplifted, in some cases, thousands of dollars at a time, by thieves committing organized retail crime.

A private investigator, speaking to NBC4 on the condition of anonymity, helped detectives with the El Segundo police department, tie two Colombian nationals to an international theft ring.

The two were arrested after police discovered $67,000 worth of stolen merchandise in their Hawthorne apartment.