Tag: inventory shrink


Friendly Associates Function as Theft Deterrents

Friendly Associates Function as Theft Deterrents

Retail is a business, and businesses are in business to make money and enhance profits. But profit enhancement is a multifaceted concept. We build our profit base not only through our ability to sell products, but also by learning the best ways to approach shrink reduction in retail stores.

Historically, the   Read More


The 11 Habits of Low-Inventory Shrink Retailers

The 11 Habits of Low-Inventory Shrink Retailers

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems. This got the ECR team thinking, what if for “highly effective people,” we read “low-inventory shrink retailers”? What then would be the habits of low- shrink   Read More


Reduce Retail Theft with LockUp (Digilock)

Reduce Retail Theft with LockUp (Digilock)

Currently in its twenty-fifth year, the National Retail Security Survey continues to offer not only insightful research into retail crime but also successful countermeasures. Key findings from the most recent survey show that the impact of shrinkage continues to be sizeable, with 48.1 percent of retailers reporting increases in inventory   Read More


Day 1 of the 2017 NRF PROTECT Conference

Day 1 of the 2017 NRF PROTECT Conference

The 2017 National Retail Federation (NRF) PROTECT Conference is now in full swing at the Gaylord National Harbor in Washington, DC. Following introductory remarks from NRF leadership, this year’s 2 ½ day event kicked off with an opening keynote presentation with Christopher Voss, former lead national kidnapping negotiator with the   Read More


Shedding Light on Retail Theft Statistics

Shedding Light on Retail Theft Statistics

Loss prevention and retail industry professionals have a responsibility to stay informed about the latest retail theft statistics. This post provides a snapshot of what retailers currently face when it comes to loss and theft.
Inventory Shrink
Inventory shrinkage refers to the difference between the merchandise a retailer shows in its records   Read More