Content about Retail loss prevention

June 6, 2012

A report by Jack L. Hayes International, a loss prevention and inventory shrinkage control consulting firm, found that both shoplifting and stealing by employees are increasing, although the latter is growing at a faster clip. An annual survey of large retailers found that shoplifter apprehensions and recovery dollars rose 5.8% in 2011, while the same measurements applied to dishonest employees increased 11.4%.

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%).

November 9, 2011

Manchester, N.H., police are looking for a suspect who pulled an electronic stun gun on a loss prevention officer at a local Home Depot store. The Nov. 9 robbery, reported by WMUR television news, started as a shoplifting incident until the individual -- described as a white man in his 20s, about 5 ft. 9 ins. tall and 160 pounds -- was confronted when leaving the store without paying for two lawnmower engine bands. The merchandise was valued at approximately $150. 

October 6, 2011

An Albuquerque man arrested for allegedly stealing from Home Depot and Lowe’s on multiple occasions was using homeless people to return the merchandise for refunds, according to a news report on KRQE.

Rodney Segura was apprehended inside a Lowe’s store on Sept. 28 by detectives who had been following the suspect, according to the report. Lowe’s loss prevention officers said they also had Segura under surveillance.

August 1, 2011

Shoplifters and dishonest employees stole more than $7 billion last year from just 23 major retailers, according to the 23rd Annual Retail Theft Survey conducted by Jack L. Hayes International. These 23 surveyed retailers apprehended more than 1 million shoplifters and dishonest employees in 2010 and recovered more than $148 million from these thieves. 

March 31, 2011

A story under the headline “Sitting down on the job: The lawsuit” generated several letters, including the following:


March 27, 2011

The following letters were a response to the article "Dealer turned commando stops alleged thief."

March 1, 2011

The Scottsdale Police Department, working with fraud investigators from eBay, Home Depot, Walmart and federal authorities, arrested 36 suspects involved in a major retail theft syndicate that returned stolen merchandise to retailers and then auctioned the gift cards on eBay, according to a Feb. 25 news release from the Maricopa County Attorney’s Office. The case has uncovered more than $1.2 million in proceeds from the crime, authorities said. 

February 16, 2011

 

Police in Macon, Ga. have arrested two men they believe are part of a shoplifting ring that targeted Home Depot and Lowe’s stores throughout the state and also in Miami, according to an article in the Macon Telegraph.

December 2, 2010

A Central Florida woman was arrested for shoplifting at a Home Depot store on Nov....

November 16, 2010

A police officer in Freehold, N.J., has been charged with shoplifting almost $500 in flooring...

September 5, 2010

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

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