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Why do retailers use loss prevention?

Updated: 8/20/2019
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10y ago

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Retailers use loss prevention because they fear people will come and steal their products. If they do not take up loss prevention, they will lose a lot of money every time an item is stolen.

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Q: Why do retailers use loss prevention?
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Related questions

Tell about the loss prevention industry?

how you feel about the loss prevention industry.


Can wal-mart loss prevention use force and how much?

A loss prevention agent can usually (in most states) use any amount of non-deadly force to prevent escape with the stolen merchandise.


When was Loss Prevention Foundation created?

Loss Prevention Foundation was created in 2006.


What is loss prevention?

Loss prevention in the business/retail world is the Monitoring and prevention of internal/external theft in a business or "shrinkage"


Does tj maxx loss prevention use handcuffs?

No, TJ Maxx's loss prevention policy does not typically involve the use of handcuffs. They may detain a suspected shoplifter until law enforcement arrives, but they do not have the authority to handcuff individuals.


How much does kohls pay loss prevention?

Depends on how much experience and what position in the Loss Prevention Team you are applying for. The lowest paying rank in Loss Prevention is a Security Guard followed by a store detective. The highest paying would be President/VP of Loss Prevention followed by Regional and District Loss Prevention Manager.


What stores have loss prevention?

Every large department store now has a loss prevention team.


Where can I look for loss prevention jobs?

The best place to look for jobs in loss prevention would be indeed.com. They offer many careers in loss prevention. Some jobs are assistant food production manager,regional manager,loss prevention specialist, and many more.


Why is loss prevention important?

Here's a couple different definitions for loss prevention:Retail loss prevention (in some retailers known as asset protection) is a form of private investigation into larceny or theft. The focus of such investigations generally includes shoplifting, package pilferage, embezzlement, credit fraud, and check fraud.Security consulting as to strategic planning, internal layout and policy procedures and video protection.Loss prevention is the act of reducing the amount of theft and shrinkage within a business.Practices and procedures used to keep accidents from happening. Prevents frequency of loss. Also used to describe loss control activities.There are a lot of different loss preventions like retail loss preventions, but those were a few.


Loss Prevention Jobs?

Retail loss prevention, or asset protection, is a job involving the investigation of individual instances or patterns of larceny or theft in the retail sector. Typical sources of retail loss include employee theft, shoplifting, vendor and reporting error, embezzlement, fraud and corporate sweethearting. As a loss prevention specialist, it is your job to investigate and apprehend criminals involved in this type of retail theft. A popular method that loss prevention specialists use to investigate retail theft is exception-based reporting which utilizes computerized point-of-entry sale records to identify patterns of loss. In your career you most likely will also utilize cameras and CCTV monitoring, electronic article surveillance and ink tags, mirrors, windows and viewing towers. The loss prevention job also includes the use of consent searches, body searches and container searches. When starting your career, you may be hired as a loss prevention officer, agent or associate. Front line security guards keeping an eye on shoppers while they are in the store is a visible part of retail loss prevention. Advancing your career in loss prevention might earn job titles like loss prevention investigator, store detective or asset protection manager. These positions might include high tech monitoring of inventory and more advanced investigations in to vendor and reporting errors, corporate theft, and credit card or check fraud. These asset protection jobs are less visible, but are none the less important in keeping control of inventory in the retail sector. Loss prevention agents work in some of the top retail stores across the country including Kohl’s, K-mart, Target, Wal-mart, Marshall’s, Best Buy, Lowe’s, Sears, J.C. Penney, Nordstrom’s, Macy’s, and many other shopping malls and retailers. Starting salary for loss prevention agents can range anywhere from $9 - $14 /hour depending on company and location. Coaches and managers in loss prevention can make between $30,000 and $45,000 a year. Regional loss prevention managers and corporate asset protection detectives can pull down salaries as much as $65,000 a year, or more. No special certification or education requirements exist to start a career in loss prevention. In order to advance in the field of retail asset protection, a high school or college degree would be beneficial along with continuing industry training and experience in the use of loss prevention techniques like the ones mentioned above.


What is the difference between loss prevention and security?

Loss Prevention is for retail stores to ensure that items aren't stolen either by customers or employees. Prevention of profit loss basically. Security is to ensure the safety and well-being of people in a specific place (i.e. mall).


I need to know more about data loss prevention.?

Symantec offers data loss prevention software. Here is the website for this product www.symantec.com Business Products.