Retail Inventory Shrinkage

Inventory management underpins nearly every goal a retailer has, so executing effective management within the store is critically important.

As the old cliché goes, there’s not a finish line, and for me it’s really about constantly trying to build on the success you’ve had and learning from the mistakes you’ve made. Believe me, you will make mistakes, but recognize you won’t make any if you don’t try.

When considering the problem of loss in a retail environment, it’s natural to first think about the register. After all, it’s where money changes...

A recent class-action lawsuit accuses a major US retailer with purposely cluttering aisles to increase sales. That may or may not be true. Research does show that poor housekeeping invites theft and increases injuries to store employees and customers.

LP Magazine's contributing writer Adam Paul takes a close look at BJ's Wholesale Club with Vice President of Asset Protection Charles Delgado and Executive...

How much of our shrinkage number is due to theft? How do you answer this question? Educated guess? Based on indicative feedback? Through deep data analysis? The “go to” tool to understand the answer to these questions, and move shrinkage from unknown into known shrink, is often the incident reporting tool.

In his third-quarter earnings call Tuesday, Dollar Tree’s CEO Gary Philbin announced that the company hired Robert Oberosler as senior vice president of loss...

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.

Johnson Controls today announced that Sensormatic Solutions, its leading global retail solutions portfolio, has expanded its innovative line of RFID-based shrink visibility solutions, providing...

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.