Tag: store inventory


Biometrics: One Type of Employee Theft Insurance?

Biometrics: One Type of Employee Theft Insurance?

For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are real. According to the Jack L. Hayes International 25th Annual Retail Theft Survey, internal theft issues are increasing at a rate of 5.5 percent every year and   Read More


15 Best Practices to Manage Inventory Loss

15 Best Practices to Manage Inventory Loss

In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a very special award from ECR Europe to celebrate 15 years of the group and the delivery of an estimated €1.5 billion (~ $1.6 billion) in savings for the industry.

As Sir Terry Leahy, former CEO of Tesco, once   Read More


Supply Chain Inventory Management with Your Distribution LP Team

Supply Chain Inventory Management with Your Distribution LP Team

Loss prevention in distribution centers (DCs) provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with reduction of shrink and generating a sufficient return on investment to justify their programs.

Given the growing investment in supply chain inventory management, how   Read More


Writing a Prescription for Controlling Shrink

Writing a Prescription for Controlling Shrink

EDITOR’S NOTE: Ernie Deyle is the vice president of loss prevention at CVS/pharmacy. Since joining CVS in 2002, the company has undergone dynamic changes in the loss prevention area, resulting in their posting one of the lowest shrink rates in all of retail. This during a period when they were adding 1,260 Eckerd stores to   Read More


The Economics of EAS

The Economics of EAS

Specialty apparel and department store retailers are having difficulty expanding  electronic article surveillance (EAS) programs to take advantage of source tagging. Only a few major apparel retailers, such as Hudson Bay Company, Ann Taylor Loft, J. Crew, and Kohl’s, actually source tag.

There are several reasons for this situation. The recent   Read More