LOSS PREVENTION: AN INTRODUCTION

Dear Associate,

Loss is a significant problem for retail companies and unfortunately our Company is no exception. We experience loss caused by theft and errors just like every other retailer. Loss prevents us from increasing our profitability and providing new opportunities for associates, completing remodels, and/or opening new locations.

To assist us in loss prevention, we have partnered with LP Innovations, Inc. (LPI), a loss prevention outsourcing company that provides services tailored to meet our specific needs. LPI will introduce us to new programs and concepts. Understanding loss prevention and how loss occurs allows you to be part of a team with fellow associates, your store and our Company in promoting a positive and profitable work environment.

We rely on you to prevent loss and communicate concerns. Do not hesitate to contact management, your District Manager, and/or Human Resources with any questions or concerns regarding the information covered in this guide.

How does loss occur?

Loss occurs through three areas: internal dishonesty, external theft, and paperwork errors.

NATIONWIDE THE RETAIL INDUSTRY LOSES BILLIONS OF DOLLARS IN INVENTORY EACH YEAR.