LPRC's 2015 Impact Conference
Wraps Up in Florida
provides vital information on loss dynamics, protective outcomes, best
practices, and hidden effects. Research also provides retailers an opportunity
to assess the real and financial impact, if any, there has been on product loss.
The Loss Prevention Research Council has put together an annual conference that
helps retailers and their solutions partners better employ research tools to
assess the real-world impact their LP efforts have on sales, crime, and loss
levels. The 2015 Impact Conference featured two-plus days of informative and engaging presentations, multiple
breakout working groups, an
anonymized panel of active theft offenders, and much more.
Held this week at the University of Florida in Gainesville, this educational
event provided attendees with valuable insights and new research-based
approaches to help reduce retail crime and increase sales.
were presented research from the LPRC's 11 working
groups and action teams, which include multiple retailers interacting with
solution partners and scientists to deliver 2-4 go-to-market projects each year.
The groups' individual areas of focus include: Product Protection, Supply Chain
Protection, Video Solutions, Future of Loss Prevention, Organized Retail Crime,
Data Analytics, Specialty Retail, Big Box Specialty, Food and Drug, Violent
Crime, and Retail Fraud. Attendees were also given the opportunity to work in
teams to apply the research approaches to current loss issues with the help of
The event also provided a little taste of Vegas with the IMPACT
Conference Casino Night, held at the Straughn Center and sponsored by Protection
1/Cam Connections. Those feeling lucky were treated to a fun night of cards,
refreshments and casual networking. (See pictures below)
The conference wrapped up today with a presentation by Dr. Read Hayes and
Mike Giblin of the LPRC covering the three main research areas that members
voted for at the start of the year. These three areas include "Predicting
employee deviance using offender insights", "ePVM effectiveness over time", and
"Three theoretical advances in creating more effective product protection
devices: Unpredictable AP. Associate Notification. Assumed Sophistication."
Congratulations to everyone at the LPRC and all sponsors and attendees
another successful Impact Conference!
IMPACT Conference Casino Night sponsored by Protection
Event Coverage Sponsored By:
Save Mart Supermarkets post Director of Loss Prevention
position in Modesto, California
Save Mart Supermarkets is a privately held food chain headquartered in the heart
of one of the greatest agricultural areas of our nation - the San Joaquin
Save Mart operates stores throughout the Central Valley, San Francisco Bay
Area, and Northern Nevada under the names of Save Mart, S-Mart Foods, Lucky, and
FoodMaxx. Save Mart also owns three distribution centers and SMART Refrigerated
Transport, a trucking firm that transports dry groceries, frozen foods, ice and
novelties to all of Save Mart's stores. In addition to transporting Save
Mart's merchandise, we also operate throughout the state as a "for hire
carrier," transporting product for other companies as well.
The Director of Loss Prevention will oversee the execution of Loss Prevention
policies and procedures to protect the company assets to include cash, product,
property, personnel, vendors and customers, and minimize the financial losses of
the organization due to internal/external theft. This position is responsible
for security oversight of the entire Save Mart Supermarkets enterprise, to
include three banners, distribution centers, and corporate support facilities,
which includes managing over 200 stores/sites/locations and up to 100
personnel, managers, and supervisors. Relies on extensive experience and
judgment to plan and accomplish goals. Leads and directs work of the Loss
Prevention team. This position reports directly to the Senior Director of
Risk Management & Loss Prevention. savemart.csod.com
Amazon Sued Again For Not Disclosing Background Reports
A man denied a job at Amazon.com based on an allegedly inaccurate negative
background report says the online retailer violated the Fair Credit Reporting
Act by not warning him or allowing him to correct the record, according to a
proposed class action complaint filed Tuesday in New Jersey federal court.
Theo Feldstein says Amazon withdrew its offer for a position as a fulfillment
associate at its New Jersey facility based on a standardized background report
conducted by a third-party company, but never warned him, provided him a copy of
the report or allowed him to dispute the report's claims, thus violating the FCRA's mandatory pre-adverse action notification requirement, according to the
Feldstein says he applied for the Amazon job in April and sat down for an
in-person interview not long after. Following the interview, he received a
contingent offer of employment for the fulfillment associate position, which
he accepted, according to the complaint.
In May, Amazon emailed him to say it was in the process of reviewing a
background report. Feldstein says the report Amazon got back from Accurate
Background Inc. listed criminal convictions that he was never convicted of,
which caused Amazon to stop the application process. The only reason he
found out was by logging into Amazon's online application portal, Feldstein
alleges. The e-retailer finally emailed him back at the end of May confirming
that his background report had come up negative, but did not include the report
or a statement of his FCRA rights.
Compliance Officers Well Paid, New Survey Shows
A new salary survey from the Society of Corporate Compliance and Ethics shows
chief compliance officers as a well-paid profession where professional
qualifications and international responsibilities can boost earnings more.
The average salary for a chief compliance officer who works in a sector outside
of health care and who manages at least 26% of their organization's legal and
regulatory risk was $150,207, and their total compensation was $179,753.
"What's happening is corporate America is seeing that the position they once
thought might be more of a mid-level is more of a higher level," This will be
even more evident as companies digest the U.S. Department of Justice's Yates
memo and its threat to hold corporate leadership criminally responsible for
their company's compliance failures and violations, he said. As they realize the
risks, companies are likely to consider the compliance officer more of an asset
to help them stay out of trouble.
CCOs who are also certified public accountants have an average salary of
$188,700, or $30,000 more than one who is a certified compliance and ethics
professional, according to the survey, which was conducted in June. Chief
compliance officers who managed a staff or 30 or more made an average of
$202,346, while those who ran programs with a budget of $2 million or more made
$223,375. For those who oversee compliance in 11 or more countries, the average
salary was $227,710, compared with $156,600 for those with programs in two to 10
"We're going to see over the next 10 years leadership take compliance more
seriously and hire more quality, experienced, educated, trained and certified
individuals and being a CPA is an excellent background for this profession."
Retail's Burning Question: Trouble for Specialty Retailers?
More Chapter 11's Coming!!!!
If you're in the apparel business this is a must read article
Although the individual paths to bankruptcy tell different stories, the recent
Chapter 11 filings of American Apparel and Quisilver Inc. share one thing in
common. Being a specialty retailer is a tricky business under current market
Millennials are aloof when it comes to brand loyalty. So what's hot now becomes
too cold to sustain itself, say analysts and industry observers. "American
retail, in general, is extremely difficult. The growth is almost non-existent
outside of activewear and if you're looking at sportswear as a category then
it's extremely price-sensitive and brand-sensitive. It's a problem across the
Michael McGrail, chief operating officer at Tiger Capital Group in New York,
said that with mall traffic declining and showing no signs of coming back, "I
expect a long, steady flow of retailer bankruptcies. Today's younger consumers
were practically born learning to shop online many are simply not mall shoppers.
Amid these pressures, lower-tier malls will continue to struggle to keep strong
retailers interested in space, which will further dampen traffic in those
"Generally speaking, certain tween retailers and others that cater to the
younger crowd will continue to see sales shrink in the coming years and, thus,
be candidates for bankruptcy. "The way people shop is increasingly less driven
by brick-and-mortar stores and is moving increasingly online," she said adding
that retailers who are overstored are more vulnerable.
As teens move away from logo-driven retailers - Abercrombie, etc. - we will
see more store closures that will lead to Chapter 11 filings," Solanki said.
"Consumers are spending more of their dollars towards restaurants rather than
apparel - with the exception of athletic and casual wear. Also, the upper-middle
class is slowing down in spending compared to the aspirational customers."
Hurricane Joaquin's Double-Edged Sword - Drove retail sales in Northeast
In the Northeast, what was initially feared as a blow from Joaquin turned out to
be a boost, as the storm veered out into the Atlantic Ocean and failed to hit
major population centers. But the cold, rainy conditions it left in its wake
pushed consumers to the mall, helping retailers recoup some of the losses they
experienced in other markets.
The weather in the Northeast. "It should have been really good for business. It
was actually an opportunity to sell fall product. It was a little bit of an
anomaly in that a storm is usually a big net negative for softlines, but this
was more of a positive."
Charleston was especially hard hit. On King Street, where retailers such as
women's clothier Anne's, Brooks Brothers and Francesca's Collections are
located, sidewalks were lined with sandbags to prevent damage from rising water.
A Wal-Mart spokesman said stores in Southern states were most affected by the
storm. "All our facilities in the area of the hurricane are now open," he said.
"We're working with state officials and the Red Cross and providing assistance.
In South Carolina yesterday [Monday], there was a request from the state for
water and we delivered four truckloads of water. We are still fully engaged to
assist customers in the area."
The hurricane's economic impact was initially believed to be in the billions of
dollars, including property damage, disruption in manufacturing and lost sales.
"In the grand scheme, it had a positive impact because it drove consumers to
stores in the Northeast."
Saks Dodges Class Action Alleging Shortchanged Refunds
A California judge dismissed on Tuesday a putative class action alleging luxury
retailer Saks Inc. violated consumer protection and unfair competition laws by
excluding sales tax from refunds issued to customers who don't bring a
receipt, ruling the complaint should have been lodged with a state tax agency.
Moshiri filed suit in June 2014, alleging she returned four items without an
original receipt to Saks' outlets in Beverly Hills and Camarillo, only to be
told that they can't include sales tax in the refund without a receipt. law360.com
UK's Tesco in 'secret talks' with fraud office over
accounting black hole over vendor rebates & payments
May choose to admit wrongdoing - pay a hefty fine to avoid criminal sanctions
In August, it was revealed that former Tesco chief executive Philip Clarke was
to be quizzed by the SFO over the accounting scandal, which caused shares in the
supermarket to slump and led to a string of profit warnings. The 55-year-old
will be interviewed by prosecutors along with former commercial director Kevin
Grace. Several of Tesco's suppliers could also be asked to give evidence on the
matter. Tesco revealed in September last year that it had discovered a black
hole in its profits, throwing the company into the biggest crisis in its
history. The shortfall was linked to Tesco's commercial income, which is made
up of payments and rebates from suppliers.
If a settlement is reached, Tesco would be required to pay a fine or
compensation and co-operate in the prosecution of individuals related to the
wrongdoing, it has been claimed.
Iranian Hackers May Be Lurking on LinkedIn, Report Says
Cybersecurity researchers have uncovered a network of fake LinkedIn profiles,
which they suspect were being used by hackers in Iran to build relationships
with potential victims around the world, according to a new report to be
published Wednesday by security firm Dell SecureWorks Inc. This tactic, known as
"social engineering," is one where hackers trick people to get them to cough up
personal or sensitive information.
Southern Wine & Spirits posts Director of Security & Safety
position in Greenwood, IN
Southern Wine & Spirits is a family owned sales and distribution organization
with a renowned history of consistently delivering impeccable service through
our 14,000 employees, covering 35 states.
● Responsibilities includes but not limited to: Loss Prevention, Physical
Security, Environmental Health and Safety, Worker's Compensation reduction,
Transitional Work Programs, Business Continuity, Workplace Violence Prevention,
Employee Education, OSHA/NFPA/DOT /Fleet Safety compliance, Office Management,
and awareness as it relates to security and safety procedures and regulations
for all SWS of Indiana facilities. southernwine.com
Sprint to Cut Jobs, Up to $2.5 Billion in Costs
Urban Outfitters to End On-Call Scheduling in New
'Epic' S. Carolina flooding to easily exceed $1bn
economic loss: Aon
Primark to price lower than U.S. fast-fashion