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 inclues shoplifting, package pilferage, embezzlement, credit fraud, and check fraud. "Loss prevention" or "LP" is used to describe a number of methods used to reduce the amount of all losses and shrinkage often related to retail trade. These are all things used by very skilled and experienced LP professionals. Among larger retailers (like J.C. Penney) there is a recent trend to include crisis management, workplace safety, customer safety programs and public liability risk management into the traditional loss prevention job structure.

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