The use of self-scan and checkout (SCO) technologies has grown considerably in the past fifteen years, predominately but not exclusively in the grocery sector, where customer and product volumes and space-utilization issues make them a particularly appealing proposition. For many retailers it has provided a significant opportunity to reduce their Read More
September 1, 2018 | Clarissa Franklin, Rajat Malhotra, Dani Diehl, and Raksha Pai | Inventory Shrinkage
Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics to drive insights from data that lead to better overall understanding and decisions regarding a problem common to the entire retail industry—retail shrinkage, or shrink.
The produce Read More
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and the availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but Read More
Manufacturer involvement in designing product protection is decades old, noted University of Florida research scientist Read Hayes, PhD, CPP. He remembers Walt Disney’s Buena Vista Pictures as being an early pioneer in coordinating with retailers to prevent theft. Video releases such as Beauty and the Beast were massive hits with Read More
EDITOR’S NOTE: This article first appeared in the Autumn 2017 edition of LP Magazine Europe.
In the English language, the word “set” reportedly has the most number of different meanings—464 according to the Oxford English Dictionary. The word “run,” with 396 meanings, is apparently making a strong bid to catch up, Read More
November 17, 2016 | Ben Grisz, Alexandria Nguyen, Molly Wolfe, and Michael Zhang | Inventory Shrinkage
In the 2015 US Retail Fraud Survey, retailers across the country identified analytics and monitoring as the number one area of need. With the average US retailer experiencing shrinkage at a level comprising 1.3 percent of total sales (resulting in an annual $60 billion loss industry-wide), it’s no wonder that Read More
A major new report published by the Retail Industry Leaders Association (RILA) puts forward a dramatically different way of thinking about the problem of retail loss and how it might be defined and measured in the future.
There is little consensus on what constitutes “loss” within the retail world nor Read More
Today’s retail environment is as competitively challenging as ever. The retail sector of our economy is in constant change, moving with evolving technology, adjusting to consumer demands, and anticipating trends. The bedrock upon which healthy retailers are built is the supply chain that provides the goods to be sold. A Read More
The pace of change in the retail industry has accelerated dramatically over the past few years. The move to online shopping, emergence of mobile retail, and use of social media as part of the “daily fabric of shopping”—three of the disruptive forces highlighted in PwC’s Total Retail 2015: Retailers and Read More
Wicklander-Zulawski & Associates (WZ) unveil new Distance Learning modules that incorporate instructor-led webinars with computer-based training as part of its newly packaged curriculum guide, “6 Milestones to Elite.”
“We’ve launched our 6 Milestones to Elite curriculum guide in response to an overwhelming number of requests for new topics and an organized Read More