The evolution of the loss prevention profession has required a change in the way we approach the retail environment. First, we now recognize that inventory shrink is a more complicated problem than mere theft of merchandise. Shrink is a complex issue. Shrink reduction is now seen as a vehicle of profit Read More
Tag: manage inventory
At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer’s bottom line. But today’s retail shrink numbers are vulnerable to blind spots and imprecise metrics. In addition, most analysis and response to retail shrink are backward-looking: useful for staffing and long-term Read More
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the group and the delivery of an estimated €1.5 billion (~ $1.6 billion) in savings for the industry.
As Sir Terry Leahy, former CEO of Tesco, once said Read More
USS recently announced the addition of a long-standing, well-known industry leader to their executive team with the onboarding of new Vice President of Operations Randy Hamilton.
Hamilton, a loss prevention industry veteran with more than 35 years of experience, will lead the security solution provider’s operations team as they process and Read More
These are clearly turbulent times in retail. How people shop is changing—and with it the strategies employed to attract and retain customers. Store technology is changing, offering new opportunities, and ushering in new risks. What does the upheaval mean for loss prevention? What are the primary challenges the industry may Read More
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 is getting worse, not better, despite unprecedented developments in technological solutions and growing loss prevention budgets.
Some retail companies across the globe are gleaming examples of how Read More
“All my life’s a circle; Sunrise and sundown,” sang Harry Chapin.
It may be just a natural part of life, but it seems like what was comes around again. Wide and narrow lapels and ties, pedal pushers now capris, bell-bottom pants, chukka boots, Nehru jackets, but, thankfully, leisure suits have not seen Read More
By Adam Paul
The wine and spirits segment of the retail industry is unique in the sense that few other goods available in retail stores are so tightly controlled or legislated. Alcohol distributors and retailers have to contend with a multitude of federal, state, and even local laws that restrict or control the Read More
Radio frequency identification (RFID) was reportedly developed in the 1940s as an espionage tool in WWII. It has since been used to track everything from automobile parts to pharmaceuticals and even livestock.
The retail world began to adopt the technology in the 1990s. Although RFID in retail originally found its place Read More