Retail Inventory Shrinkage

The Retail Industry Leaders Association recently published "Total Retail Loss 2.0: From Theory to Practice," a report that analyzes the global retail industry’s adoption of the Total Retail Loss concept first introduced in 2016.

Retailers now have a powerful combination of cloud-based shrink management services in a single, smart detection platform

Sensormatic Solutions, Johnson Control’s leading global retail solutions portfolio, has surpassed 70 billion consumer products source-tagged to date, allowing retailers to protect today’s most...

“It’s quickly becoming the most precise tool in our arsenal to meet an individual consumer specific need at the exact right moment...I think this will help us create the capability to grow profitably across the breadth of the portfolio and ultimately, again it’s putting ourselves in position to serve consumers in a way that gets them the product that they need when they want it and where they want it.” - Mark Parker, Nike CEO

The Home Depot has selected Savanna Prescriptive Analytics to help prevent fraud by identifying opportunities within the retailer’s sales data, online or in-store. The...

Retail crime remains one of the most serious threats facing the retail industry. Shrink, otherwise known as a reduction in inventory due to shoplifting,...

Theft, fraud, and losses from other retail “shrink” totaled $50.6 billion in 2018, up from $46.8 billion the year before.

Costco is leading competitors when it comes to combating in-store theft, reporting that its shrinkage rate was just 0.11% to 0.12% of sales compared...

Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.

In the highly competitive retail sector, ensuring that the right product is on the right shelf at the right time is critical. Yet the problem of shelf out-of-stocks (OOS) remains as stubborn as ever. Could the LP team be the key to unlocking this new sales opportunity?