North American retailers experienced the highest average shrinkage – unexpected losses due to crime, administrative reporting, and exceptions to standard operating practice – in three decades as reported by the National Retail Federation in 2020. The need to collaborate in a non-competitive manner has become increasingly more important to retailers. The Loss Prevention Research Council (LPRC) continues to provide science-based programs and systems that have a positive effect on controlling these unnecessary expenses, and the heightened interest from the retail community has been overwhelming.
Dr. Read Hayes, University of Florida Research Scientist/Criminologist and LPRC Director, has announced a partnership with Lighthouse Consultants (LHC) to support ongoing efforts to engage with the retail community.
LHC is made up of an industry-leading and experienced group of professionals: Chad McIntosh, former VP LP and Risk Management at Bloomingdales, Stephen O’Keefe, former VP LP and Risk Management at Walmart Canada, Russ Tate, 35+ years of loss prevention and security solution experience, and Jeff Powers, loss prevention and security consultant. LHC will partner with LPRC to help drive membership and awareness of their unique and compelling, science-based, results-driven expertise.
“LPRC is proud and excited to be working with LHC as we focus on the next level expansion of our research and results community,” said Dr. Hayes.
For more information about how to join the LPRC, please contact [email protected].