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inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
omni-channel retailing examples

5 Omni-channel Retailing Examples in 2018

As online-only retailers continue to see expanded success, traditional brick-and-mortar stores must turn to new strategies to keep up with customer demand. Today's retail...
rfid technology

The ROI for RFID Technology in Retail

Over recent years, we've witnessed a resurgence of interest and substantial growth in the use of radio frequency identification (RFID) technology in retail—a veritable...
What Is Omni-channel Retailing

What is Omni-channel Retailing?

We hear the phrase everywhere. Yet few ask explicitly: what is omni-channel retailing, really? Omni-channel is defined by TechTarget as “a multi-channel approach to...

Keeping Safety and Security Top of Mind

Following are a few article summaries that can provide you with a small taste of the original content available to you every day through...
new technology in retail

New Technology in Retail Offers Many Possibilities

New technology in retail loss prevention emerges regularly. In this profession, it's important to stay abreast of any new technologies that may show potential and...
security cameras

An Update on Major Subjects Affecting Retail LP

After completing the three-part series on the first fifteen years of Loss Prevention magazine, I promised to write an additional article that looks at...
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Great Customer Experience Is More than a Buzzword

For the past several years, “customer experience” has been one of the most talked-about topics in retail. Seminar after seminar at the past two...

When Ordinary Things Get Smart

A ton of great smart tech was on display at the National Retail Federation’s Big Show in January, from wearables to the Internet of...

The Year Ahead in LP

These are clearly turbulent times in retail. How people shop is changing—and with it the strategies employed to attract and retain customers. Store technology...

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Promoting a culture of honesty requires implementing a strong employee theft policy and internal awareness program.

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Get your FREE "CCTV, Alarms, and Security Training" Guide

This report shows how CCTV/video and alarm systems can enhance the safety and security of retail locations.