The retail asset protection industry is making groundbreaking advancements in adopting the Total Retail Loss typology, though often these evolutions happen behind the scenes. Retailers gathered in Seattle last week for RILA's spring Asset Protection Leaders Council meeting to, among other things, discuss how Total Retail Loss is changing the way they measure loss and its impact on the business.
RILA's APLC, sponsored by Profitect, is composed of the senior-most asset protection executives from among RILA member companies. The group convenes several times each year to share insights on priority issues, address common challenges, and advance the industry through collaboration.
This month's meeting featured case studies highlighting how retailers are leveraging Total Retail Loss to deliver value to their business, a guided tour of Amazon's highly automated fulfillment center, a walk of REI's flagship store, presentations by Gap Inc. on E-Commerce loss and the role of AP as well as British multinational retailer Tesco on the Internet of Things and a brainstorming session led by the industry's thought leaders.
The June meeting is also a lead-up to the APLC's Fall meeting, September 20-22 in Nashville.
For more information on RILA's Asset Protection Leaders Council, contact Lisa.LaBruno@rila.org.