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Retail Loss Prevention Michigan

Retail Loss Prevention Grand Rapids, Michigan

The ultimate goal of our retail loss prevention Michigan program is to preserve your company’s profit, while keeping your staff and customers safe. 

Retail Loss Prevention Services Save Money and Inventory Losses

Retail loss prevention reduces and prevents money and inventory losses in retail stores. Charlesbrook Prevention Services can work with your business to develop a customized retail loss prevention Michigan program. Retail loss prevention can help you be prepared and identify potential risks. Retail losses can come in many forms including vendor theft, shoplifting, accounting errors due to inefficient inventory management. We know the law when it comes to retail loss prevention, so our program works with the laws to prevent legal ramifications. Some of the ways we implement retail loss prevention is with technology, hiring procedures and a trained retail loss prevention officer. We  also have security guards for hire that can be placed during peak store holiday events and sales. An undercover security guard can also be an alternative to catching retail loss and theft less conspicuously. If you have a business contact Charlesbrook Protection Services at
(616) 238-0820 for retail loss prevention in Grand Rapids.

Retail Loss Prevention and Security Can Protect Your Company's Profits From:

Internal and External Theft of Merchandise
An employee or customer who steals an item that is for sale

Theft of property within the business that is not for sale

Withholding assets for the purpose of theft by someone to whom the assets were entrusted, either to be held or to be used for specific purposes

Billing and Payroll Schemes
Falsifying timecards, or writing payroll checks to non existent employees

Operation Errors
Staff not following company policies set up to reduce loss

Time Theft
Using company time to conduct personal business

Return Fraud
Defrauding a store via the return process

Information Theft
Supplying proprietary information such as customer lists or trade secrets to a competitor

How Big is Retail Loss and Fraud?

The Association of Certified Fraud Examiners’ (ACFE) 2012 Report to the Nations on Occupational Fraud and Abuse shows how this problem is affecting companies around the world. This is some of their findings on retail loss and fraud:

  • The typical organization loses 5% of its revenues to fraud each year.
  • The median loss in the cases in their study was $140,000. More than one-fifth of these cases caused losses of at least $1 million.
  • The frauds lasted an average of 18 months before being detected.
  • The smallest organizations suffered the largest losses because they typically employ fewer anti-fraud controls. In addition, fraud affected small businesses disproportionately because they have fewer resources to act as a financial cushion.
  • Perpetrators with higher levels of authority tend to cause much larger losses. The median loss among frauds committed by owner/ executives was $573,000, the median loss caused by managers was $180,000, and the median loss caused by employees was $60,000.
  • The longer a perpetrator had worked for an organization, the higher fraud losses tended to be. Perpetrators with more than 10 years of experience at the company caused a median loss of $229,000. By comparison, the median loss caused by perpetrators who committed fraud in their first year on the job was only $25,000.
  • Most occupational fraudsters are first-time offenders with clean employment histories.
  • Occupational fraud is more likely to be detected by a tip from another employee than by any other method. Nearly half (40-50%) of victim organizations never recover any losses due to fraud

Our retail loss prevention program works with you to create and implement plans that will minimize your losses. With our extensive experience in retail loss prevention, we are skilled at identifying what is causing this at your work place. We have the training and experience to prevent, investigate, respond to and resolve your retail loss prevention problems.

Our retail loss prevention program will provide or assist you with:

  • Trained retail loss prevention officer
  • Hiring procedures
  • Establishing a code of ethics
  • Loss and Prevention hotline
  • Industry and technology updates
  • Customized internal controls

Laws and Retail Loss Prevention Michigan

The laws that surround retail loss prevention are complicated. A misunderstanding of loss prevention laws could cost your company greatly in a civil lawsuit. This service should only be preformed by a fully state licensed agency to reduce your company’s liability. Our staff stay educated on the latest laws and regulations surrounding this type of service.

Retail Loss Prevention Services Michigan (616) 238-0820