Tag: retail shrink
Smart Hiring Reduces Retail Shrinkage and Boosts Loss Prevention
External theft, internal theft, and operational errors are made worse by poor hiring practices and high employee turnover. Learn more in this article.
For Small- to Medium-Sized Business Retailers, Thwarting Theft Needn’t Come with High Effort or...
When it comes to retail theft, the industry—and the media—tend to focus on more prominent brands with more stores and revenue that are accountable to shareholders. But shrink from theft significantly impacts small-to medium-sized (SMB) retailers, which operate on narrower margins.
Will ‘The Steal’ Slow Self-Checkout and Frictionless Commerce?
In this article by Tony D'Onofrio, read how retailers are dealing with loss from self-checkout, and the technologies they're using to help.
10 Common Characteristics of High-Shrink Stores
This article focuses on fundamental influences that can be managed regarding shrink, and common characteristics of a high shrink store.
How to Calculate Shrinkage in Retail
Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
How to Calculate Shrinkage in Retail
Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
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.
How Well Do You Know These Essential Inventory Control Techniques?
From an LP perspective, a strong understanding of how retail inventory is managed is crucial to resolving shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. The two most common are the “retail” method and the “cost” method of accounting.
How to Analyze Retail Shortage Control Measures in the Supply Chain
The bedrock upon which healthy retailers are built is the supply chain that provides the goods to be sold. A retailer’s competitiveness, then, or lack thereof, is in measurable part a reflection of the extent to which these avenues of supply are cost effective and efficient.
