Tag: inventory shrinkage


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


9 Necessary Practices for Successful Shrinkage Control

9 Necessary Practices for Successful Shrinkage Control

In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the problem that refuses to go away. This post highlights nine key shrinkage control approaches that could potentially save US retailing billions each year.

For retail loss prevention practitioners across   Read More


Essential Inventory Control Techniques

Essential Inventory Control Techniques

Most retail companies have a department dedicated to maintaining processes and procedures related to inventory management and retail shrinkage. The inventory control department ensures that optimum inventory levels of products are available and accessible to the stores; that stock levels/turnover are efficiently managed; that inventory is maintained in a safe   Read More


Restaurant Theft: The Five Most Common Methods

Restaurant Theft: The Five Most Common Methods

Restaurant employees can hurt profitability in a variety of different ways. Rarely is restaurant theft as simple as taking money from the cash register. Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which   Read More


Biometrics: One Type of Employee Theft Insurance?

Biometrics: One Type of Employee Theft Insurance?

For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are real. According to the Jack L. Hayes International 25th Annual Retail Theft Survey, internal theft issues are increasing at a rate of 5.5 percent every year and   Read More


What Does a Loss Prevention Associate Do?

What Does a Loss Prevention Associate Do?

Loss prevention—also known as asset protection—is an ever-broadening, ever-growing field that has a lot to offer an entry-level job seeker. According to the Loss Prevention Foundation, the industry’s “wide spectrum of career options and tremendous potential for professional growth” make the job a rare find in today’s labor market. And   Read More