March 2, 2012

By Joe Szvetitz

Senior management of this multi-store operation was making business decisions, mostly purchases based on information that they believed was accurate. Having been associated with retail loss prevention for about 40 years has given me a good vantage point to see what actually causes loss or shortage/shrink in a retail location and, honestly, it is not hard to recognize. We all know that the three major contributors to loss are: 1) Employee theft (43.7%); 2) Shoplifting (32.6%); and 3) Paperwork errors (12.9%).

September 5, 2010

Employees and customers are becoming more adept at stealing, but hardware dealers can stem their...