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Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments. Retail loss prevention is geared towards the elimination of preventable loss. [2]
A store detective (also known as Asset Protection Investigator, undercover shopper, Loss Prevention Detective, and Asset Protection Specialist) is a member of loss prevention whose main role is to prevent and detect theft (commonly known as shoplifting) and reduce shrink in retail outlets. [1]
The lab, funded by the university and the Loss Prevention Research Council, houses more than 400 anti-theft technologies and evaluates how effective the tech could be in the real world.
A retail loss prevention employee watches a store's CCTV cameras. Closed-circuit television (CCTV) monitoring is an important anti-shoplifting technology. Retailers focusing on loss prevention often devote most of their resources to this technology. Using CCTVs to apprehend shoplifters in the act requires full-time human monitoring of the cameras.
Anti-theft systems protect valuables such as vehicles and personal property like wallets, phones, and jewelry. [1] [2] [3] They are also used in retail settings to protect merchandise in the form of security tags and labels. [4]
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Electronic article surveillance antennas at an H&M store in Torp shopping mall, Sweden. Electronic article surveillance (EAS) is a type of system used to prevent shoplifting [1] from retail stores, pilferage of books from libraries, or unwanted removal of properties from office buildings.
Thailand only rolled out its surprisingly controversial cash handouts in late September, doling out 10,000 Thai baht ($303) to eligible Thai citizens in a bid to revive the country’s flagging ...
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