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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 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.
Remote alarm systems are used to connect the control unit to a predetermined monitor of some sort, and they are available in many different configurations. Advanced systems connect to a central station or first responder (e.g. police/fire/medical) via a direct phone wire, a cellular network, a radio network, or an IP path.
Retailers say they're seeing theft and rampant crime soar in their stores, prompting them to rethink how they operate, according to a new survey. 'Unprecedented' theft contributed to $112 billion ...
Costco has managed to keep a lid on the worsening nationwide theft issue. According to the CFO, shrinkage was between “0.1% and 0.2%,” during the most recent quarter.
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.
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.
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.