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what causes shrinkage in retail

What Causes Shrinkage in Retail? Addressing the 4 Top Causes

Not every loss prevention tool fits the needs and budget of every retailer. However, a combination of tactics makes an impact and reduces a store's shrinkage.

Restorative Justice Extortion Case Against Retailers Dismissed

A federal judge dismissed a racketeering lawsuit accusing Walmart and six other retailers of extortion by forcing accused shoplifters to take costly “restorative justice”...
Tom Rittman

LPM Excellence Recognizes Tom Rittman for Partnerships

"Partnerships are best when you create solutions without limitations. We should always try to go above and beyond."
Melissa Wacha

LPM Excellence Recognizes Melissa Wacha for Leadership

"I find it admirable when people in leadership roles aren't afraid to ask questions, get hands-on with their teams to work on new innovation, or step out of their comfort zones to see how new technology or automation can impact the business in a digital world"
Zebra Scan and Go tech at NRF Big Show 2019

4 Technology Trends Seen at the 2019 NRF Big Show

They don't call it the Big Show for nothing. There were over 38,000 people in attendance from all over the world to talk retail,...
point-of-sale systems

The Dramatic Metamorphosis of Point-of-Sale Systems

In a study presented at a 2017 conference on business innovations, mobile self-checkout solutions were found to provide a more time efficient shopping experience, particularly when stores are crowded.

Retailers Are Enamored with Technology. But Do Customers Love It?

A recent survey reveals that 79 percent of retail executives believe that artificial intelligence and virtual reality technologies could increase sales, but only 14 percent of customers thought that technology would impact their shopping decisions.
NRF Big Show Expo 2019

The World’s Largest Retail Conference Focused on Technology and Customer Experience

"I would love to say that retail is back, but that would be wrong," said BJ's Wholesale Club President and CEO Chris Baldwin with a pause. "Retail never went away."
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