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inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
fencing goods

Police Link Burglary Suspect to 30 Retail Thefts across 3 States

An Idaho man is suspected of stealing tens of thousands of dollars’ worth of merchandise from businesses in Washington, Idaho and Oregon. Kyle Williamson-Smith,...

Sting Operation Shuts down $500,000 Fencing Operation

The culmination of a three-month sting, police announced Monday the arrest of two suspects accused of a major fencing operation involving stolen clothing taken...
holiday loss prevention tips

Holiday Loss Prevention Tips: Make Sure You’re Ready for the Rush

During this critical time of year, every possible step that we can take to ensure a successful season must be planned and prepared, including our loss prevention plan.
store security

How to Increase Traffic Without Compromising Retail Store Security

The 21st century posed a major conundrum for the retailers: how to fight online competition and improve brick-and-mortar store performance, and how to increase...

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Get your FREE "Optimizing Your Employee Theft Policy" Guide

Promoting a culture of honesty requires implementing a strong employee theft policy and internal awareness program.

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Get your FREE "What is Loss Prevention?" Guide

Read this report to discover the history of retail security and get a glimpse at the rapidly evolving loss prevention profession.

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Get your FREE "Issues with ORC and Shoplifting" Guide

The safety of store associates, customers, and millions of dollars in potential litigation rely upon understanding these issues.

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Get your FREE "CCTV, Alarms, and Security Training" Guide

This report shows how CCTV/video and alarm systems can enhance the safety and security of retail locations.