Tag: shrink reduction


Taking a Data-Centric Role to Add Value to Your Company

Taking a Data-Centric Role to Add Value to Your Company

EDITOR’S NOTE: Dan Faketty is vice president of asset protection for Southeastern Grocers based in Jacksonville, Florida. Prior to moving into a leadership role with Winn-Dixie in 2005, he was vice president of loss prevention at Harris Teeter, director of loss control for Super Kmart Centers, and regional LP manager   Read More


A Culture of Innovation

Savvy leaders shape the cultures of their departments to drive innovation. They know that culture—the values, norms, unconscious messages, and subtle behaviors of leaders and employees—will either enhance or limit performance. This type of creative thinking can be encouraged and rewarded, or discouraged. What’s important is that we take the   Read More


The 11 Habits of Low-Inventory Shrink Retailers

The 11 Habits of Low-Inventory Shrink Retailers

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems. This got the ECR team thinking: what if for “highly effective people,” we read “low-inventory shrink retailers”? What then would be the habits of low-shrink retailers?   Read More


Bad Packaging Design Can Lead to Shrink

Bad Packaging Design Can Lead to Shrink

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented if those who created and approved the packaging had included shrink reduction in the initial design criteria.

For example, in a store,   Read More


Start with a Good Cause: Loss Prevention Strategy Examples

Start with a Good Cause: Loss Prevention Strategy Examples

In today’s retail business environment, everyone is seeking a competitive advantage. It could be in technology, people, business practices, or newly developed programs. The best strategy in the world, however, becomes meaningless if it is not executed properly.

I have been fortunate to have a high degree of success at executing   Read More


Keeping Pace with the Global Retail Supply Chain

Keeping Pace with the Global Retail Supply Chain

The retail supply chain network is a critical component of the retail machine. While many view the heart of retail as the interactions and events that happen within the store, this support system has always fueled the way. Through a complex web of processes and activity, a well-managed supply chain   Read More