Forces Impacting Loss Prevention And Asset Protection Executive Q&A With Steven May, LP Innovations

Retail Solutions Online had a chance to sit down with Steven May, president and CEO of LP Innovations, to discuss loss prevention and asset protection and the forces influencing these industries. Enjoy this executive Q & A.

Q: What are the most significant driving forces impacting the retail loss prevention (LP) and asset protection (AP) industries?
A: Employee theft is, and always has been, the industry's biggest challenge. Though there is variability in different retail sectors, employee-driven point-of-sale fraud is consistently the largest source of retail loss. This is true even in the wake of increases in shoplifting and organized retail crime.