Tag: store closing


Closing a Retail Store: Loss Prevention’s Role

Closing a Retail Store: Loss Prevention’s Role

Senior loss prevention executives throughout retail are coming to grips with a new entry into the field of promotional sale events—the all-too-frequent store-closing sale.

It is no longer a rarity that LP managers are called upon to design and implement shrink-control programs that protect inventories throughout the process of closing a retail store. Often, a   Read More


Is It High Noon in the US Retail Industry?

Is It High Noon in the US Retail Industry?

Last week, GameStop became the latest retailer to announce a major round of store closures. Citing a 13.6 percent drop in sales last quarter, the company said it would shutter more than 100 stores, or approximately 2 to 3 percent of its fleet. JCPenney also recently announced the closing of   Read More


Loss Prevention for Chico’s FAS

Loss Prevention for Chico’s FAS

Retail loss prevention departments face many challenges. Employee theft remains the largest source of shrink, and shoplifting – especially related to organized retail crime – shows no sign of slowing. With shrinking budgets and headcounts, the most successful loss prevention departments must learn how to do more with fewer resources   Read More


Weathering the Perfect Storm

Weathering the Perfect Storm

Despite consolidation and narrowing margins, retailing is healthier now than it has been in many years. It is also true that retailers are doing more to protect themselves…and their balance sheets…against margin erosion as well as the next cyclical downturn in sales. One measure adopted by almost every multi-store retailer is a more aggressive   Read More