Agilence Blog.

Using Market Basket Analysis to Capitalize on Customer Purchasing ...

  • Keneavy Krenzin
  • 10.21.2021
  • Blog
What’s in your basket? That is what retailers want to know. Ever wonder why retailers offer BOGO sales? It’s the same reason why they merchandise the small bag of potato chips in the deli section. And why they ask if you want to buy a related item before you finish your online purchase. Market ...


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Why Loss Prevention Leaders Must Become Analytics Evangelists

  • Brian Brinkmann
  • 10.14.2021
  • Blog
As retailers bounce back from the pandemic, they’re simultaneously finding innovative ways to serve customers while controlling loss in an increasingly complex and fast-paced, omnichannel landscape. The expansion in customer channels is also exposing companies to new, and potentially more ...


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How can Leaders Really Measure the Impact of Loss Prevention Efforts?

  • Catherine Penizotto
  • 10.07.2021
  • Blog
In LPM’s recent survey, Evolving Perception of Value within Loss Prevention Departments, diverse opinions indicate the perception of LP is caught somewhere between the past and the future. Some organizations still see LP as a “bad guy catcher,” while others perceive LP as a true operational partner ...


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LP's Data Value Proposition: Insights and Expertise Support Total ...

  • Catherine Penizotto
  • 09.23.2021
  • Blog
In the past, companies depended on LP to have a keen eye for theft and behavior patterns. LP professionals are seasoned data miners, trudging through spreadsheets and transaction data to look for clues. However, today’s technology provides new ways to give LP professionals the data they need to act ...


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Are Remote Loss Prevention Audits Here to Stay? What you Need for a ...

  • Pedro Ramos
  • 09.16.2021
  • Blog
As the economy begins to rebound, retailers are experiencing increased traffic. Retailers and staff are struggling to balance pent-up demand, a tight labor market, an uncertain supply chain, and new health and safety protocols. How will retailers address these new business realities? Remote loss ...


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The Future of Loss Prevention: Expanding Responsibilities and Areas ...

  • Catherine Penizotto
  • 09.09.2021
  • Blog
LP professionals are rising to new challenges, working across the organization to meet new strategic goals. We recently partnered with Loss Prevention Magazine to survey nearly 100 professionals who shared their perception of Loss Prevention’s value within their organization.


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5 Gaps in your Retail Loss Prevention Strategy

  • Corey Adams
  • 09.02.2021
  • Blog
Loss prevention shrinkage has cost the retail industry nearly $62 billion in 2020 alone, an all-time high. These losses can be attributed to countless issues like shoplifting, ORC, employee theft, and even accidental human error. We’ve put a list together of 5 loss prevention no-no's to avoid so ...


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5 Ways Loss Prevention's Reputation is Changing for the Better

  • Catherine Penizotto
  • 08.26.2021
  • Blog
We recently partnered with Loss Prevention Magazine to survey nearly 100 LP professionals who shared their perception of Loss Prevention’s value within their organization. Survey respondents represented multiple industries and loss prevention or asset protection teams that range from 1 person to ...


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7 Tips to Help Loss Prevention Professionals Implement a New Data ...

  • Derek Rodner
  • 08.19.2021
  • Blog
The world of retail Loss prevention is constantly evolving to better reduce shrink and detect areas of operational insufficiency. Although traditional LP strategies continue to hold their value, implementing a more high-tech data-driven solution provides a clearer view of how these phenomena occur ...


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How to Identify and Handle Shoplifters in your Retail Stores

  • Keneavy Krenzin
  • 08.05.2021
  • Blog
The prevention, detection, and management of shoplifting is an integral aspect of running a retail business. Long gone are the days when losses associated with shoplifting are considered an acceptable cost of doing business. Research shows that 1 in 11 people will shoplift in their lifetime, and ...


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