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.
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.
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.