Tag: control shrink

Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.

Am I sure that he is attempting to steal this merchandise? "Yes, I am sure."

At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...

If you're a retailer in 2018, it's time to accept the truth: you're no longer just a seller of goods. You're a tech company, too.

In recent years, senior loss prevention executives throughout retail have had to come to grips with a different type of promotional sale events—the all-too-frequent store-closing sale. It...

EDITORS NOTE: David Shugan, CFI, is the senior director of loss prevention for Carters based in Atlanta. Prior to taking over the leadership role...

EDITOR'S NOTE: Robert "Bob" Oberosler is group vice president of loss prevention for Rite Aid, one of the nation's leading drug store chains with...

In the not-so-distant past, the primary responsibility of loss prevention personnel was to deter theft and control shrink. Many of us started our careers...