Retail shrink, when taken as a percentage of total retail sales in 2021, accounted for $94.5 billion in losses last year, up from $90.8 billion in 2020, according to the 2022 National Retail Security Survey.
The asset protection team at Home Depot has been dealing with a whole slate of evolving challenges in recent years. Here, Sarah Hix details her process.
The asset protection team at Home Depot has been dealing with a whole slate of evolving challenges in recent years. Here, AP leadership details their process.
If you’re debating a technology change because of underperformance, end of life, cybersecurity concerns, or availability, the first decision you’ll need to make is choosing the right platform.
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.
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.
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.