The concept of shrink isn’t new, but the problem is growing — and so are the obstacles to preventing it.
Losses from transactional non-compliance may not have quite the same motivations or implications as fraud—but often times their financial impact can be greater.
Retail window and glass door security concerns have increased because of rioting, smash-and-grab theft, and natural disasters that have forced retailers to employ a strategy of board up, pull down, repeat.
In an effort to "elevate" the experience for the shopper, grocery retailers who pay close attention to the needs of the shopper can benefit from understanding how the shopper navigates the in-store experience.
Key control can be a complicated balancing act due to managing many moving parts and pieces while also keeping stakeholders happy.
New Unbreakable Storefront Replacement Glazing Provides an Innovative Invisible Board Up Alternative
Glass doors and windows help retailers attract customers, but they are also a retail store’s most vulnerable points when it comes to forced entry and storm damage.
The 2020 National Retail Security Survey revealed shrink was at an all-time high, accounting for 1.62 percent of a retailer’s bottom line, costing the industry $61.7 billion.
The retail industry poses a special challenge for security professionals. Other types of facilities don’t have bullseyes on them quite like electronics stores and shopping malls.
Discounting can be a perfectly legitimate practice, which makes it difficult to sort the valid transactions from the improper ones.
Asset protection and loss prevention teams can sometimes have an uphill battle when advocating for security glass upgrades on storefronts.