Tag: causes of shrinkage


Breaking the Retail Shrinkage Life Cycle

Breaking the Retail Shrinkage Life Cycle

For those of who have been in the loss prevention business for a number of years, you are surely familiar with the retail shrinkage life cycle illustrated in Figure 1. No doubt some of the businesses you have worked in have been around it a number of times.

It is a   Read More


Redefining Inventory Shrinkage—Four New Buckets of Loss

Redefining Inventory Shrinkage—Four New Buckets of Loss

What does inventory shrinkage mean to you?

For most companies, the answer to this question would be obvious: a significant problem, and usually something that is getting worse, not better, despite unprecedented developments in technological solutions and growing loss prevention budgets.

Some retail companies across the globe are gleaming examples of how   Read More


Integrating Data to Maximize LP Effectiveness

Integrating Data to Maximize LP Effectiveness

Which areas in your company have the greatest shrinkage reduction opportunities?

Is there data that loss prevention can use to help determine the root causes of shrinkage in these areas?

Are there new ways of identifying losses that can be uncovered by comparing information between different systems?

At Nordstrom, we addressed these questions   Read More