The Big Business of Retail Loss Prevention [INFOGRAPHIC]

Ray Hartjen
Ray Hartjen
Guest Contributor

As the annual NRF Protect show gets underway this week, we turn an eye toward retail Loss Prevention and the issue of shrinkage, a cost to retailers of nearly 1.5 percent of annual sales.

Retail Loss Prevention professionals are descending on Long Beach this week for NRF Protect, one of the largest LP trade shows of the year. It’s an important show too, not just for those in the function, but for the entire retail enterprise as well.

Loss Prevention is big business – over $42 billion of shrinkage is suffered annually in the United States alone – and threats run the spectrum from organized retail crime (OCR) activities to inefficient and ineffective inventory management processes and systems. 

Tasked with more responsibility, LP professionals also find themselves fighting shrinkage with shrunk budgets and fewer resources. The good news is that LP modules are integrated into leading retail analytics platforms, allowing LP and other functions like Store Operations, Marketing and more to benefit from one centralized investment. 

If you’re attending NRF Protect this week, be certain to stop by and visit RetailNext in booth #1607. While you’re there, ask for a demonstration of RetailNext’s comprehensive analytics platform, and in particular the LP module with video management, POS exception reporting, security alerts and alarms, fixture dwells and more. 

For a comprehensive report, download Checkpoint Systems’ Global Retail Theft Barometer

Join the #retail and #nrfprotect conversations on Twitter @RetailNext, as well as at  

The Big Business of Retail LP [INFOGRAPHIC]