Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
Doug Baker joined FMI in 2014 to lead private brands, and that role has since expanded to include technology and oversight of asset protection and risk.
With retailers being assaulted by ORC gangs who smash-and-grab their way through the store, what are retailers doing to collaborate and help support safety in stores and across store teams?
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.