Tag: shrink percentage


Target Store Loss Prevention Programs

Target Store Loss Prevention Programs

Target store loss prevention programs are a key approach to help us to drive down shrink at stores that experience the highest loss rates. They are designed to focus our resources on the areas of the company where losses are highest. Certainly, the most compelling reasons to implement a high-shrink   Read More


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.

The term “retail shrink” or   Read More


Fifteen Years of Loss Prevention, Part 2

Fifteen Years of Loss Prevention, Part 2

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


Managing LP by Managing Data

Managing LP by Managing Data

Movie Gallery is the second largest and fastest growing video rental retailer in the world. Starting with one store in Dothan, Alabama, in 1985, the company today has over 2,500 stores with growth of well over 300 stores per year. To date, the corporate focus has been on rural and secondary markets in   Read More


Retooling the LP Strategy at Home Depot

Retooling the LP Strategy at Home Depot

If you’re looking for the perfect loss prevention strategy, one that will resolve accounting errors, stanch losses to internal theft, and scare away thieves… You can stop searching. It doesn’t exist.

It’s true that some are more effective than others, and that some are better suited to one environment over another.   Read More