Loss Prevention Services: 7 Strategies That Protect Profit
Loss prevention services are no longer a narrow response to shoplifting. In Australia, 595,660 people were recorded as victims of theft in 2024, the highest level in 21 years, and 45.1% of theft incidents occurred in retail locations, up from 31.6% in 2010, according to the Australian Bureau of Statistics. That shift puts store-level visibility, […]
Retail Loss Prevention Services: Smart Strategies for 2026
Retail loss prevention services start with a hard truth. In Australia, retail shrinkage reached $4.69 billion in 2023, up 17.8% year on year and equal to 1.2% of total retail sales, according to the Australian retail loss prevention market report. For operators running tight margins, that isn’t background noise. It’s profit walking out the door […]