Thefts from retailers and other inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year before, even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released by the National Retail Federation and the University of Florida. Shrink Read More
Tag: richard hollinger
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 shrinkage refers to the difference between the merchandise a retailer shows in its records Read More
“The pen is mightier than the sword” is a tried-and-true axiom that virtually everyone has heard applied to the world of media or, in some context or another, to the skill of writing. But how does it apply to the world of the retail store audit checklist?
Let’s take a look Read More
By Jack Trlica
The 2017 National Retail Security Survey (NRSS) input form is now available for retailers to provide shrinkage and other loss prevention benchmarking data. Dr. Richard Hollinger, professor emeritus at the University of Florida and consultant to the National Retail Federation (NRF) who sponsors the survey, said, “I strongly encourage all Read More
“Great ideas are worthless unless they are put into practice.”
Most, if not all, of us have experienced this maxim time and time again in our business careers. We have a brilliant plan that will significantly reduce shortage, improve efficiencies, and increase safety of our employees and customers. There is just one problem: we Read More
Following are a few article summaries that can provide you with a small taste of the original content available to you every day through our daily digital offerings, which are offered free through LossPreventionMedia.com. In addition to our daily newsletter, a comprehensive library of original content is available to our Read More
Here we are at the third and final installment of the first fifteen years of Loss Prevention magazine. I had indicated in the first two articles that part of the third article would include a future look at some of the most important loss prevention technologies and practices such as Read More
Welcome to the second of three installments covering the first fifteen years of Loss Prevention magazine. I hope you enjoyed the first part in our September–October issue. We will now look at trends and changes in the industry through the eyes of the magazine beginning in 2007 up through 2011. Read More
Following an important topic that has been widely discussed throughout 2016, recent retail industry trends have explored the relationship between wage increases and the impact on employee performance. For example, we can look at the recent protests associated with the “Fight for Fifteen” and employee efforts to raise the minimum Read More
This past week LP Magazine celebrated its 15th year anniversary during the magazine’s annual board meeting, which was held this year in Sanibel Island, Florida. While the time seems to have gone by in a blink of an eye since the magazine was first announced at the NRF Conference in Read More