LP Magazine

MAY-JUN 2019

LP magazine publishes articles for loss prevention, asset protection, and retail professionals covering shrinkage, investigations, shoplifting, internal theft, fraud, technology, best practices, and career development.

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of discrimination, 50 percent disagreed, and 15 percent offered a neutral response. Retail Support We often discuss the importance of the evolving role of loss prevention—how this impacts our jobs, how we perceive our role within the business model, and the importance of working hand in hand with our sales and operations peers to achieve the goals and objectives of the organization. Partnerships and cooperation will remain a big part of that moving forward, but the way that retailers in general understand and respect the role of loss prevention will also remain a key aspect of our success. Q As a whole, loss prevention professionals feel there is some opportunity for improvement with the retail industry's support of loss prevention, ranking that support as 6 out of 10. While survey respondents ranked the importance of having a strong understanding of loss prevention as a retail professional as a 9 out of 10, only 64 percent feel that their sales/operations peers have an understanding and respect of the role of loss prevention in the overall success of the business. These numbers remained consistent across all levels of loss prevention leadership. Q Overall, survey respondents had a very mixed response as to whether the loss prevention department is undervalued within their company—42 percent agree that LP is undervalued, 41 percent disagreed, and 17 percent offered a neutral response. These numbers remained fairly consistent across all levels of leadership. Q Survey respondents ranked the importance of loss prevention professionals having a strong understanding of retail as a 9.3 out of 10. They ranked the importance of loss prevention professionals having the ability to build strong partnerships with their operations peers as 9.61 out of 10. Q Seventy-eight percent feel that most loss prevention professionals have a strong respect and understanding of their retail partners and the retail profession as a whole, while 74 percent feel that they ARE WE ON THE SAME PAGE? Strongly Agree Agree Neutral Disagree Strongly Disagree 0% 10% 20% 30% 40% 50% The loss prevention department is undervalued within my company. 47 LP MAGAZINE | MAY–JUNE 2019 continued on page 48 info.instakey.com/remotelock-lpm 1-800-316-5397 LEARN MORE with InstaKey ® User-Rekeyable SFIC Override Remotely control who has access and when, right from your smart phone CONTROL ACCESS zÁR0J WiFi ENABLED IT Closets •&DVK2ɝFHV• Indoor/Outdoor • PCI Compliance NRF PROTECT JUNE 11-13, 2019 | ANAHEIM, CA ACTION AT see it in BOOTH 631 open EDGE CG

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