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retail theft statistics

Shedding Light on Retail Theft Statistics

The NRSS indicates that shoplifting accounted for 35.7 percent of the reported shrink in 2017, which is down from 39.3 percent in 2016.
manufacturer to retailer

From Manufacturer to Retailer: Product Protection Is Everyone’s Job

Solutions to address theft and loss are often led from the retailer side of the partnership, but manufacturers do face responsibilities when it comes to product protection. From manufacturer to retailer, product protection is everyone's job.
inventory shrinkage, how to calculate shrinkage in retail, loss prevention audits

How Loss Prevention Audits Are Used

Too often, there is a failure to acknowledge achievements during the audit process, which as a result tends to emphasize a negative undertone. This tendency can and will influence the entire process.
retail stock management

The Reinvention of Retail Stock Management

Between the physical and online space, ever-diminishing timelines, and the possibilities of pinpointing stock on its return journey (the so-called reverse logistics model), you have all the ingredients for a parallel universe where nothing is quite what it seems.

Reduce Employee Theft by Removing Opportunity

Not every solution needs to feed into the crime prevention arms race. An important foundation, say researchers and industry experts, is for retailers to assess whether their basic control policies and procedures might be inadvertently contributing to employee dishonesty.
causes of shrinkage

Relying on Sales Won’t Eliminate Causes of Shrinkage

Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
Shrinkage Control, in-store audit

How to Perform An In-Store Audit That Will Guide and Motivate Improved Performance

The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas.
how to manage inventory

How to Manage Inventory: Shrink Visibility

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.
theft deterrents

Friendly Associates Function as Theft Deterrents

Strong customer service is one of our most effective tools and most proactive means to control theft and other losses on the retail selling floor.

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