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A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments.
A store detective (also known as Asset Protection Investigator, undercover shopper, Loss Prevention Detective, and Asset Protection Specialist) is a member of loss prevention whose main role is to prevent and detect theft (commonly known as shoplifting) and reduce shrink in retail outlets. [1]
The lab, funded by the university and the Loss Prevention Research Council, houses more than 400 anti-theft technologies and evaluates how effective the tech could be in the real world.
An extension of inventory control is the inventory control system. This may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems, [5] or it may refer to a methodology (which may include the use of technological barriers) for handling loss prevention in a business.
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Loss Prevention Specialists were employed by Weingarten Inc and operated at the companies stores undercover, sometimes unbeknownst to management to observe/apprehend people suspected of theft, including employees. In June 1972, Loss Prevention Specialist "Hardy" observed the lobby operation at store #98 for 2 days (without the knowledge of ...