Tag: retail shrinkage


How to Calculate Shrinkage in Retail

How to Calculate Shrinkage in Retail

Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as well as throughout the retail industry. Ultimately, retail shrink directly results in lost profits, and can have a dramatic impact on the success of the retail enterprise.

Let’s begin by establishing a   Read More


Fifteen Years of Growth and Change

It’s been fifteen years since LP Magazine was first introduced to the loss prevention industry. From that inaugural edition through today, there have been many great stories and great people that have filled the pages of the magazine. Many things have changed with both the people and the initiatives across   Read More


Retail Loss Prevention: How Much Do You Really Know?

Retail Loss Prevention: How Much Do You Really Know?

The most recent National Retail Security Survey (NRSS), led by Dr. Richard Hollinger of the University of Florida, uses empirical retail loss prevention data to break down the annual $44 billion in retail shrinkage for 2014 as follows:
• Shoplifting –38% or $16.7 billion
• Employee theft – 34.5% or $15.2 billion
•   Read More