Home Authors Posts by Adrian Beck
Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.
A recent report from the ECR Community Shrinkage and On-shelf Availability Group charts the scale and extent of the losses retailers are experiencing from a range of self-scan and checkout technologies. The research also provides a detailed review of the ways in which these losses might best be controlled.
There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
GS1 and the ECR Community Shrinkage and On-Shelf Availability Group commissioned a research study to look at 10 RFID case study companies.
Interventions must be highly visible if they are to play a role in amplifying risk. There is no point in hiding it away or making it less than obvious to the would-be thief.
Particular places, products, processes, and increasingly, certain retail innovations are much more vulnerable to loss than others.
There is no agreed-upon definition of what constitutes "shrinkage." Most estimates are based only upon measures of merchandise losses where the cause is unknown. The total retail loss concept offers a new definition of loss.
Since the term radio frequency identification (RFID) came into common usage within the retail environment, around the end of the 1990s, it has in...
A 2016 report from the ECR Community’s Shrinkage and On-shelf Availability Group titled Amplifying Risk in Retail Stores offers a comprehensive review of the...
For the majority of retailers, loss is an inevitable part of doing business. What form this loss takes and, critically, how much it costs...
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