Title: How to Put Together a Loss Prevention Plan for Your Store — Revenue & Profits
Headings: How to Put Together a Loss Prevention Plan for Your Store
How to Put Together a Loss Prevention Plan for Your Store
The Basics of a Loss Prevention Plan
Creating a Plan to Reduce Shrinkage
Step 1: Size Up the Problem
Step 2: Secure Buy-In
Step 3: Audit Hiring and Training Practices
Optional: Hire a Loss Prevention Manager
Tactics to Prevent Shoplifting and Theft
Successful Loss Prevention Plans
Sears Canada: Video Analysis Enables Proactive Prevention
Target: Loss Prevention at Self-Checkout
Meijer: Using Technology to Find Exceptions
Get More Out of Your Inventory With a Loss Prevention Plan
About the author
Kiera Abbamonte
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Content: By analyzing these patterns and sharing them across all stores, the team was better able to train their focus on “hot spots,” or areas prone to theft activity, and catch shoplifting behaviors before they became a problem. Target: Loss Prevention at Self-Checkout
One of the bigger retail developments of the last decade is the appearance of self-checkout lines at major retailers. Eliminating the cashier (scanning each item, interacting with customers, observing behavior) presents an obvious barrier to loss prevention efforts. Target approached this problem by leaning hard into one of the anti-shoplifting tactics above: conspicuous surveillance. If you’ve gone through self-checkout at a Target store recently, you might’ve not