For this assignment, you are to write a 5 to 8 page (this includes the Title and Reference pages) paper discussing Retail Theft Reports. There are two parts to this Assignment.
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1) Write an essay (minimum two full pages of text) which addresses the following:
– What role does the written Retail Theft Report play in Loss Prevention?
A written retail theft report plays a significant role in loss prevention. Loss prevention requires information on the nature of retail theft, the suspects (whether they are employees or shoppers), time of the theft, the description of the suspects, the value of the products stolen, and the date the incident took place (Sennewald & Christman, 2008), among other details. All the information is recorded in the retail theft report for reference before appropriate action is taken. Primarily, the role of a retail theft report in loss prevention is to provide more information on the incident. Measures to combat retail theft should be taken, as part of the loss prevention, only when the specific details have been determined.
For example, a successful loss prevention measure can only be realized once the suspects have been identified, and apprehended (Romeo, 2016). This approach is facilitated by the retail theft report as the description of the…
– Why is it so vital in the fight against shrinkage?
– What constitutes a well written Retail Theft Report?
2) Construct a Retail Theft Report based upon the following information:
• Suspect – male white, age 20-25 years, black hair
• Date July 30, 2013
• Observe suspect enter and select several bottles of Motrin PM and Tylenol Extra Strength and concealed items in pockets of the field jacket.
• Maintain observation
• Suspect passed all points of sale without paying for items
• Value of product $1250.00
• Time 8: 30 PM
• Subject also concealed 25 DVD in a foil line shopping bag
• Organization: Kmart located on Main Street, (Store number 6666) Anytown, AL
• Wearing blue NY Yankee baseball cap, army style field jacket and blue jeans