Tag: inventory shrink
RILA Report Finds Critical Role for Buyers in Retail Shrink Reduction
A report released by the Retail Industry Leaders Association (RILA) outlines the important role that retail buyers, also known as merchants, can play in reducing...
2015 NRSS Executive Summary
For over twenty years the industry has recognized and used the National Retail Security Survey (NRSS) as a key benchmark for retail loss prevention....
Retailers Estimate Shoplifting, Incidents of Fraud Cost $44 Billion in 2014 According to National...
NRF/University of Florida Survey Finds Shrinkage Totaled 1.38% of Sales Last Year
Long Beach, California, June 24, 2015 – A new study being released from NRF...
From Store-Level LP Associate to EVP of Stores
At the time of this interview in 2009, Marvin Ellison was executive VP of US stores at Home Depot and the first African-American in the company's executive suite.
Combating Cargo Loss at the Army & Air Force Exchange Service
Since the first formal post exchanges were established by the War Department in 1895, an exchange system has served side-by-side with U.S. military troops both in...
The Human Factor
In a merger completed just over a year ago joining two of the largest office supply product companies, Boise Office Solutions and OfficeMax, a lot of...
Managing LP by Managing Data
Movie Gallery is the second largest and fastest growing video rental retailer in the world. Starting with one store in Dothan, Alabama, in 1985, the...
Leveraging People, Technology, and Relationships
The core of this article focuses on the impact of cutting-edge technology and technical analysts working in Hollywood Entertainment’s loss prevention department. However, these...
Operational Shrink in Retail: There’s More to LP than Preventing Theft
Since its inception in 1993, the Lowe’s Companies loss prevention and safety department has tailored its programs to identify and respond to losses that...
Changing the Loss Prevention Culture in Food Retailing
EDITORS NOTE:Dan Faketty is vice president of loss prevention at Harris Teeter, an upscale grocery chain with 143 stores operating in six southeastern states....
