The retail industry is on the cusp of a transformation in its use of data to protect profits and to identify and overcome sales barriers. We’ve been here before. Read More
Tag: reduce shrink
It’s December—meaning the 2017 holiday shopping season is upon us, and after analyzing the calendar, it will likely prove to be a lengthy season for retailers. The predicted top ten busiest shopping days fall between Black Friday (November 24) and Saturday, December 30 and are positioned to account for 40-50 Read More
Chances are, you’re heard someone say “sales cure shrink” or they plan to “outsell their retail shrink.” When this statement is used, the person uttering the words often has no idea what they are saying. Because of this, it’s easy to dismiss this statement. After a while, it may even Read More
Zebra Technologies has recently announced its strategic partnership with the Retail Industry Leaders Association’s (RILA) (R)Tech Center for Innovation. The partnership will focus on identifying and harnessing emerging technologies to the benefit of the global retail industry.
“Zebra is excited to partner in this effort to co-innovate, develop and offer new Read More
A male shoplifting suspect has been coming into Store 153 three times a week for as long as anybody can remember. Store management has even attributed this guy as a major cause of the store’s shrink woes that have put them on the corporation’s “target store” list for the last Read More
Loss prevention departments have, for some time, successfully examined risk flags within point-of-sale (POS) transactions to identify exceptions that may indicate theft or loss. These risk flags, many of which decrease potential revenue, are increasingly categorized as SRAs or sales reducing activities. Today, monitoring SRAs to drive shrink reduction is Read More
By Chris Trlica
While the perception of shrinkage among the loss prevention industry has evolved from thinking about loss strictly in terms of theft to the consideration of all causes of inventory discrepancy, this change in approach hasn’t necessarily diffused into all of the other teams in a retail organization. Retail buyers are Read More
Area Asset Protection Leader, Big Lots, (GA)
Manages Asset Protection and Safety program activities designed to increase overall store profitability, reduce shrink and provide support to establish and maintain a safe and secure environment within stores in an assigned market. Conducts store visits and audits to support and evaluate operational compliance, Read More
When looking to protect their merchandise, retailers can choose from a number of electronic article surveillance (EAS) hard tag options, including in-store applied hard and alarming tags, factory-applied source/soft tag labels, and factory-applied hard tags (FAHT).
FAHT differ from in-store applied hard tags and factory-applied soft tags in several ways, depending on Read More
So far 2017 has been a very challenging year for retail companies. The number of retail companies that have filed for bankruptcy, closed locations, or dramatically reduced their budgets are clearly shaping this year to be one of the worst years in retail.
The challenge most retailers face is simply a Read More