Understanding and Combating Mob Theft in Retail: Strategies for Success
What exactly is Mob Theft? Mob theft is a coordinated effort where groups of individuals target retail stores to steal high-value items quickly. Unlike traditional shoplifting, which often involves solitary thieves, mob theft relies on teamwork and planning. These...
Retail Store Audit Checklist: Your Guide to Effective Loss Prevention + Checklist Sample
Why You Should Conduct Regular Store Audits Store audits are not merely formalities; they are vital for the health of your retail business. Conducting regular audits allows you to spot trends, address problems before they escalate, and maintain consistency across...
What is Sweethearting in Retail? The Hidden Threat to Retail Profits
What is Sweethearting in Retail? Sweethearting is a type of employee theft where a cashier gives unauthorized discounts or free merchandise to friends, family, or co-workers. The name comes from the idea that the cashier is doing a favor for their...
Theft Triangle: Understanding and Preventing Retail Loss
Three Sides of the Theft Triangle Explained The Theft Triangle consists of three key elements: Desire, Opportunity, and Ability. When these three factors align, the likelihood of theft increases significantly. Let’s break down each component to better understand...