Tag: shrinkage control


The Link Between On-Shelf Availability, Sales, and Loss

The Link Between On-Shelf Availability, Sales, and Loss

You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because   Read More


Can a Retail Buyer Help Reduce Shrink?

Can a Retail Buyer Help Reduce Shrink?

While the perception of shrinkage among the loss prevention industry has evolved from thinking about loss strictly in terms of theft to the consideration of all causes of inventory discrepancy, this change in approach hasn’t necessarily diffused into all of the other teams in a retail organization. Retail buyers are   Read More


Nine Necessary Practices for Successful Shrinkage Control

Nine Necessary Practices for Successful Shrinkage Control

In the generally unyielding area of retail loss prevention, few U.S. corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the problem that refuses to go away. This article highlights nine key shrinkage control approaches that could potentially save U.S. retailing billions each year.

For retail loss prevention practitioners across   Read More


The Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

The Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

Over 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers who recovered over $200 million from these thieves, according to the 28th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.

“Retail theft, by both shoplifters and   Read More


Companies now hiring loss prevention agents

Several companies are currently seeking to hire loss prevention agents around the country. LP agents, also known as loss prevention officers or store detectives, are generally responsible for preventing shoplifting, fraud and vandalism, as well as ensuring the safety and security of shoppers.

LP agents, unlike security guards, do not wear   Read More


27th Annual Retail Theft Survey Reports Over 1.2 Million Shoplifters and Dishonest Employees are Apprehended by Just 25 Large U.S. Retailers in 2014

27th Annual Retail Theft Survey Reports Over 1.2 Million Shoplifters and Dishonest Employees are Apprehended by Just 25 Large U.S. Retailers in 2014

Over 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.

“Something has to   Read More