In early 2019, Lowe’s announced that it would be shutting down all of its Orchard Supply Hardware stores in an effort to focus on its core business. This move came as a surprise to many, as Orchard Supply had been acquired by Lowe’s only a few years prior. While the move may have been a shock to some, it was likely a wise decision by Lowe’s, as the company has been struggling financially in recent years.
One area where Lowe’s has been particularly struggling is in its loss prevention department. In 2018, the company announced that it would be closing all of its US-based loss prevention offices.
This move came as a result of Lowe’s losing $1.6 billion in 2017 due to theft and other shrinkage. The company has also been plagued by lawsuits from former employees who claim that they were wrongfully terminated for reporting theft.
Despite these challenges, Lowe’s loss prevention department is still operational in some capacity. The company has said that it is investing in new technology to help combat theft and that it is working with law enforcement to catch criminals. Additionally, Lowe’s offers a rewards program for tips that lead to the arrest and conviction of shoplifters.
What does Lowe’s loss prevention pay?
There is no set answer to this question, as payment for tips that lead to arrests and convictions can vary depending on the severity of the crime and the jurisdiction in which it took place. However, we can estimate that tips leading to arrests and convictions could pay anywhere from $50 to $5,000.