Negotiation is synonymous with terms ranging from compromise and mediation to haggle and interrogation. It is not difficult to argue the fact that interrogations represent the hardest form of negotiating. When people enter into negotiations or mediations, they understand they may need to sacrifice some of their interests in order Read More
Tag: shrink percentage
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
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
Retailers Estimate Shoplifting, Incidents of Fraud Cost $44 Billion in 2014 According to National Retail Security Survey
By LPM Admin
NRF/University of Florida Survey Finds Shrinkage Totaled 1.38% of Sales Last Year
Long Beach, California, June 24, 2015 – A new study being released from NRF PROTECT, the industry’s largest retail loss prevention event in North America, finds that retailers lose billions of dollars to shoplifting, employee and vendor theft and administrative Read More
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