Retail loss prevention

Retail loss prevention (also called retail asset protection) is the practice of identifying and addressing causes of inventory shrinkage, including theft, fraud, and mistakes in store operations.

These practices are most common in the retail sector but are also applied in other industries. Individuals working in this field are often called loss prevention officers, asset protection officers, or store detectives.

Historically, many retailers relied on security staff to apprehend shoplifters, but modern loss prevention strategies increasingly include data analysis, staff training, and technological systems such as CCTV and electronic article surveillance.

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.