► iCompanyFAQWhat is Retail Loss Prevention?

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What is Retail Loss Prevention?

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What is Retail Loss Prevention?
Retail loss prevention, also know as asset protection, is focused investigations that include shoplifting, embezzlement, check and credit card fraud for example. The derived Loss Prevention program or approach should yield one or more methods to reduce the overall amount of losses, or shrinkage, of merchandise. Depending on the size of the retail store, Loss Prevention Agents or Officers are hired to constantly evaluate and mange the department.