Tag: causes of shrinkage
Total Retail Loss 2.0: Moving Beyond the Theory
Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.
Relying on Sales Won’t Eliminate Causes of Shrinkage
Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
3 Ways to Maintain the Value of Your Video Investments
Video surveillance is often at the heart of loss prevention strategies designed to address causes of shrinkage. Whether a retailer is taking aim at shoplifting, employee theft, returns fraud, tag switching, or sweethearting, a video solution can usually help.
Breaking the Retail Shrinkage Life Cycle
For those of who have been in the loss prevention business for a number of years, you are surely familiar with the retail shrinkage...
Redefining Inventory Shrinkage—Four New Buckets of Loss
What does inventory shrinkage mean to you?
For most companies, the answer to this question would be obvious: a significant problem, and usually something that...
April 25 is the Last Day to Participate in the 2016 National Retail Security...
It wasn’t that long ago that there was no consistent or reliable means to gather and interpret industry-wide information on retail shrinkage. Not only...
The 2015 National Retail Security Survey Has Begun
It wasn’t that long ago that there was no consistent or reliable means to gather and interpret industry-wide information on retail shrinkage. Not only...
Integrating Data to Maximize LP Effectiveness
Which areas in your company have the greatest shrinkage reduction opportunities?
Is there data that loss prevention can use to help determine the root causes...
The European Road Map—Managing Stock Loss in the Retail Sector
If shrinkage management could be viewed as a journey, then recent European experience would be one not only lacking a final destination, but one plagued by...
Targeting Shrinkage with a Comprehensive Program for High-Risk Stores
Despite a difficult second half for most retailers, Stage Stores, Inc. achieved solid financial results during fiscal 2002. A weak economy and declining consumer...