From an LP perspective, a strong understanding of how retail inventory is managed is crucial to resolving shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. The two most common are the “retail” method and the “cost” method of accounting.
The 10th Annual CLEAR conference saw an incredible turnout of nearly 300 retail, law enforcement, and vendor attendees at the beautiful Bahia Resort on Mission Bay in San Diego, CA, October 28–31, 2019. One of the features of this conference is recognition of top investigations that made major impact in the retail industry.
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.
As e-commerce continues to evolve, so will loss prevention. We have literally entered a new era in how the consumer shops, and retailers must continue to figure out ways to ship these orders. This is true year-round but even more critical during peak season.
Failure to provide adequate security for victims of intimate partner violence can cause employers legal troubles. This checklist provides a range of possible security measures that retail organizations should consider for protecting employees who are the subjects of domestic violence.
Retailers who have offered “buy online, pickup in store” (BOPIS) and “buy online, return in store” (BORIS) are looking for ways to continue to improve their customer experience through better processes. Retailers who are just venturing into these waters are wise to learn about new best practices.
All bosses are a mix of some good and some not so good traits. But I learned something from all of them. The following list includes the personal traits I observed in the good ones and the bad ones over the years.
Being aware and cognizant of the words we use, and how they can impact the person across from us is vitally important during the course of an investigative interview because we never want to send the wrong message, but we also don't want to make it a much more difficult conversation than it needs to be.
“I started college at age 17 in 1969 in the midst of the Vietnam War. I turned 18 my first semester and signed up for the draft as required by law. I don’t recall when the draft lottery was held but certainly recall my birthday drawn at 33. With that number I was sure to be inducted.” – Jack Trlica
Employment drug testing clearly correlates with lower rates of workplace drug use, but not every retailer wants to bear the cost of drug testing or thinks it is a good fit for the company culture. However, health experts suggest that all companies can employ cost-friendly security ideas to keep a lid on workplace drug use.