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Tag: shrink in retail
Retail is a business, and businesses are in business to make money and enhance profits. But profit enhancement is a multifaceted concept. We build our profit base not only through our ability to sell products, but also by learning the best ways to approach shrink reduction in retail stores.
Historically the 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 magazine launched a comprehensive new digital technology platform last year that offers our digital subscribers a wide array of compelling daily content. Our “Breaking News” content highlights the stories and critical events that affect the industry on a daily basis, sorting through the mountain of available news to bring Read More
By LPM Admin
Bob DiLonardo describes himself as a “professional student and practitioner of retail loss prevention and shortage control methods.” His work experience has ranged from loss prevention, internal audit, shortage control, accounting, and consulting positions throughout his career.
Now, upon his retirement, DiLonardo shares some valuable anecdotes and insights gathered over the Read More
Since its inception in 1993, the Lowe’s Companies loss prevention and safety department has tailored its programs to identify and respond to losses that can be directly attributed to employees. The LP department believes that 80 percent of all losses can be attributed to employees. Forty percent of those losses Read More