In many professional fields, such as legal, technology, and finance, one can expect to find commonalities among the practitioners. These professionals share certain certifications or degrees, or they’ve progressed through a series of common steps or training regimens to reach their current position, where they share a fairly standard reporting Read More
We are all familiar with use of the word “shrinkage” to describe the losses experienced by retailers, although it is impossible to find any industry-wide agreement on what it actually means or the types of losses that are typically included when it is used by different retailers.
For some, it only Read More
What we say, how we say it, and what we’re doing when we say it combine to create great messages—or messages that are forgotten in the next moment. When you can “speak as well as you think,” you can drive your business results, whether you are addressing shrinkage issues with Read More
When I was a doctoral graduate student at the University of Minnesota during the late 1970s, I began conducting research on employee theft. At the time this was an area of criminology that was virtually unexplored. I found that it was hard to study this subject then, since few retailers Read More
Food waste from grocery stores has been a serious problem for years. In recent years, top retailers have called for more focused collaborative efforts to tackle the issue. Researchers and practitioners belonging to the ECR Community Shrinkage and On-shelf Availability Group have responded to the call.
To that end, the ECR Read More
Most retail companies have a department dedicated to maintaining processes and procedures related to inventory management and retail shrinkage. The inventory control department ensures that optimum inventory levels of products are available and accessible to the stores; that stock levels/turnover are efficiently managed; that inventory is maintained in a safe 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 results in lost profits and can have a dramatic impact on the success of the retail enterprise.
The term “retail shrink” or “retail Read More
A few years back, I was asked to conduct my first telephone-based loss prevention interview with an hourly employee. He was suspected of merchandise theft, and my supervisor insisted that I conduct the interview over the phone as the suspect was 800 miles away in another state, and the case Read More
Risk Amplification: Making Offenders Think Twice, a recent study by Adrian Beck undertaken for the ECR Community Shrinkage and On-shelf Availability Group in Europe, reviewed the available published literature from the past forty years on a wide range of new retail technology interventions intended to control theft in retail stores Read More
By Jack Trlica
This issue of the LP Magazine print edition includes articles from multiple sources representing a wide range of subjects. I thought it valuable to comment on some and ensure that you know the breadth of information vehicles we provide the industry.
The cover feature on Rite Aid’s use of a crowdsourcing Read More