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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.
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?
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.
inventory shrink

The 11 Habits of Low-Inventory Shrink Retailers

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
logistics loss prevention

Building the Foundation for a Strong Logistics Loss Prevention Department

Once, a distribution center supervisor told me about their former logistics loss prevention manager. During management meetings, this fellow took great pride in informing...

USS Reveals LPRC Tactical Tagging Study Results

USS has recently unveiled the results of a recent study conducted by the Loss Prevention Retail Council (LPRC), to test the benefits of their...

Reduce Retail Theft with LockUp (Digilock)

Currently in its twenty-fifth year, the National Retail Security Survey continues to offer not only insightful research into retail crime but also successful countermeasures....

Day 1 of the 2017 NRF PROTECT Conference

The 2017 National Retail Federation (NRF) PROTECT Conference is now in full swing at the Gaylord National Harbor in Washington, DC. Following introductory remarks...

NRF / University of Florida Survey Says Retail Shrink Increased to $48.9 Billion in...

Thefts from retailers and other inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year before, even as budget constraints left...

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