Posted on July 19, 2025
When people think of loss prevention, they often imagine stopping shoplifters at the door. While theft is a big concern, loss prevention covers far more than that. Here are some common myths — and the truth about what effective loss prevention really means.
Myth 1: Loss Prevention Only Targets Shoplifters
Reality: Internal theft, administrative errors, and vendor fraud are just as damaging as shoplifting. A complete loss prevention strategy addresses all of these risks.
Myth 2: It’s Only About Security Guards
Reality: While trained personnel are vital, loss prevention also includes audits, surveillance, employee training, and oversight of daily operations.
Myth 3: Loss Prevention Is a Cost, Not an Investment
Reality: Every dollar saved through reduced shrinkage goes directly to the bottom line. Strong prevention strategies quickly pay for themselves by protecting profits.
Myth 4: It Doesn’t Affect Customers
Reality: Customers benefit directly from good loss prevention. Full shelves, stable prices, and a safe shopping environment all depend on protecting merchandise.
Myth 5: Only Large Retailers Need It
Reality: Small and mid-sized businesses are often hit hardest by losses, since even small shrinkage percentages can cut deeply into profits.
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