Retail loss prevention is a set of practices employed by retail companies to reduce and deter losses from theft and fraud, colloquially known as "shrink reduction").
In recent years retail loss prevention has expanded to include "civil loss recovery", the controversial practice of demanding substantial and often unjustifiable sums for the administrative processing of alleged theft claims, generally without any criminal charges having been brought, let alone convictions secured.
Read more about Retail Loss Prevention: History, Civil Recovery Practice
Famous quotes containing the words retail, loss and/or prevention:
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)
“I could lecture on dry oak leaves; I could, but who would hear me? If I were to try it on any large audience, I fear it would be no gain to them, and a positive loss to me. I should have behaved rudely toward my rustling friends.”
—Henry David Thoreau (1817–1862)
“... if this world were anything near what it should be there would be no more need of a Book Week than there would be a of a Society for the Prevention of Cruelty to Children.”
—Dorothy Parker (1893–1967)