in LPRC Reports

Burglar Alarm Response: A Pilot Report on Retail LP Executives Perceptions

Burglar Alarm Response:
A Pilot Report on Retail LP Executives Perceptions
Tracy Johns, PhD, Read Hayes, PhD, and Mike Scicchitano, PhD
Twenty three US retail chains were interviewed regarding their company’s burglar alarm perceptions and efforts.
Keywords: burglar alarms, police response, cost to handle, future needs
Background
National studies indicate the cost of lost inventory to American retailers is over $40 billion a year (Hollinger and Adams, 2007). This loss is equivalent to a quarter of all US and UK annual retail profits (Bamfield and Hollinger, 1996). Retailers are not sitting idly by however; retail crime and loss control is a billion dollar plus industry. But like many efforts, asset protection is often more art than science. Burglary contributes to known and unknown shrinkage and asset loss, and burglar alarm systems play a significant role in retail asset protection. Like any loss prevention effort, burglar alarm system use creates challenges and opportunities.