Retail Loss Prevention
Provide loss prevention and anti-theft services for retail stores reducing shoplifting, employee theft, and inventory shrinkage
Overview
Retail loss prevention services help retailers reduce theft and shrinkage through plainclothes security, surveillance, staff training, and theft prevention programs - protecting merchandise and reducing losses.
Loss prevention typically bills at $35-$75 per hour or monthly retainers of $3,000-$15,000.
Serving 10-30 retail clients generates $200,000-$700,000 annually with 35-55% margins.
Target clients include retail stores and chains, shopping centers, grocery and convenience stores, electronics and high-theft retailers, department stores, and franchises.
Services include plainclothes store security, theft detection and apprehension, employee theft investigations, surveillance and monitoring, staff theft prevention training, and shrinkage analysis and consulting.
Success requires retail loss prevention expertise, understanding retail operations, investigation and surveillance skills, building cases and working with law enforcement, staff training abilities, and potentially certified loss prevention credentials.
Required Skills
- Loss Prevention
- Retail Operations
- Investigation
- Surveillance
- Training
Pros and Cons
Pros
- Clear ROI for retailers through theft reduction
- Recurring contracts with retail clients
- Growing retail theft problem
- Can specialize in retail types
- Consulting opportunities beyond security
Cons
- Requires loss prevention expertise
- Confronting and apprehending shoplifters
- Retail schedule including weekends/holidays
- Liability for false accusations
- Retail industry economic sensitivity
How to Get Started
- Gain retail loss prevention experience
- Earn loss prevention certifications (LPC)
- Develop retail security expertise
- Build investigation skills
- Market ROI to retail businesses
- Develop training programs
- Build retail client relationships
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