Tag: inventory shrinkage
How Much of Retail Shrink is Lost to “Paper Shrink”?
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively...
Loss Prevention Devices for High-End, Interactive Consumer Electronics
For retailers of high-end consumer electronics such as smartphones, tablets, e-readers, drones, digital cameras, and fitness watches, the customer’s retail experience can be just...
9 Necessary Practices for Successful Shrinkage Control
In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the...
2017 National Retail Security Survey Now Available for Data Submission
The 2017 National Retail Security Survey (NRSS) input form is now available for retailers to provide shrinkage and other loss prevention benchmarking data. Dr....
Biometrics: One Type of Employee Theft Insurance?
For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are...
LP Insider’s Top Five Shoplifting and ORC Articles of 2016
Does Concealment = Shoplifting?
In most states, intent is the driving factor in determining whether to charge a shoplifter.
It is a common misbelief among shoplifters...
How to Design a Loss Prevention Program to Attack Shrinkage in a High-Risk Store
Integrating an effective loss prevention program can yield dramatic improvements when it comes to mitigating inventory shrinkage. But aligning an LP department appropriately within...
No Product Left Behind with Axis (Axis)
In order to fulfill its promise of same- or next-day delivery, home furnishings retailer RC Willey manages $500 million of inventory in warehouses and...
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...