Tag: loss
RILA Researches the Underreporting of Retail Theft
Is retail theft up, or is it down? Is the problem as rampant as many retailers claim it to be, or are the claims of devastating losses, organized retail crime, violent confrontations, and their impact on store safety and retail profits over-exaggerated in an attempt to cover poor performance and corporate mismanagement?
Target Predicts $1.3B Profit Loss from Theft
Target has announced its first quarter 2023 financial results, where it predicted this year’s profitability will be reduced by $500 million more than last year because of shrink. The company lost as much as $800 million from inventory shrink in 2022.
Shoppers Target Self-Checkout Registers Amid Soaring Inflation
According to the National Retail Federation, the amount of organized shoplifting has increased by 26.5 percent. In nine out of ten incidents, shoplifters were targeting self-checkout registers.
How Store Design Impacts Sales and Losses
As loss prevention professionals, you should be part of the environmental store design process. But first, you need to become better versed in interior space design theories and research.