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A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . 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.
To qualify, the loss must not be compensated by insurance and it must be sustained during the taxable year. If the loss is a casualty or theft of personal property of the taxpayer, the loss must result from an event that is identifiable, damaging, and sudden, unexpected, and unusual in nature, not gradual and progressive.
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]
Property crime is a category of crime, usually involving private property, that includes, among other crimes, burglary, larceny, theft, motor vehicle theft, arson, shoplifting, and vandalism. Property crime is a crime to obtain money, property, or some other benefit.
Since theft is hidden, no study can be completely accurate. Inventory management systems allow for better control over inventory and will inform companies of the source of the inventory shrinkage, saving costs associated with stock-outs or excess inventory. [citation needed] Shrinkage figures can be calculated by:
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In the case of vehicle theft, the best deterrent to theft is in the installation of an approved vehicle anti-theft passive immobilizer. Many vehicles have factory-installed anti-theft units, which provide protection through the ignition system. Under the hood there is a computer that controls the operation of the engine.
Instead of being able to calmly focus on her chemotherapy treatment, Arete Tsoukalas had to spend hours on the phone arguing with her insurer while receiving infusions in the hospital.