Tag: manage inventory
Dealing with Wine and Spirits in the Retail Industry
The wine and spirits segment of the retail industry is unique in the sense that few other goods available in retail stores are so...
Radio Frequency Identification (RFID) in the Retail Environment
Radio frequency identification (RFID) was reportedly developed in the 1940s as an espionage tool in WWII. It has since been used to track everything...
Leveraging DVR Camera System Analytics Throughout the Organization
When Jen Richard was tasked with building a case for DVR camera system installations in Canadian retailer West 49 stores in 2010, she took...
Rethinking Loss Prevention and Shrink Management
The pace of change in the retail industry has accelerated dramatically over the past few years. The move to online shopping, emergence of mobile...
Walmart’s Neighborhood Market Loss Prevention and Safety Program Featured in the Latest Magazine Edition
“Most of our shrink is driven around process execution. Our focus has been much more in tune with how we manage inventory growth and...
Walmart’s Neighborhood Market Grocery Business
EDITORS NOTE: Gary Smith, LPC, is senior director of asset protection for Walmarts Neighborhood Market line of smaller scale, grocery-focused retail stores. He has...
Aligning a Loss Prevention Program with the Lowe’s Customer Experience
EDITOR'S NOTE: Claude R. Verville, LPC, is vice president of loss prevention, safety, and hazmat at Lowe's Companies, Inc. He joined Lowe's loss prevention...
Managing Change at the Worlds Most Admired Specialty Retailer
EDITORS NOTE: Leonard A. Schlesinger is vice chairman and chief operating officer of Limited Brands. He also sits on the companys board of directors....