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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.
internal audit video

Use an Internal Audit Video to Appreciate the Big Picture

Throughout my career, I've seen some outrageous behavior captured on surveillance video. From performance and productivity issues—like employees showing up late and doing personal things on business time—to outright theft, I've seen it all.
point-of-sale activation

Why Point-of-Sale Activation Technology Has Been Heralded as a Kingmaker

In a world where opposites attract, denial of service could be a force for good and put to commercial use, particularly in retail where organized retail crime gangs and opportunist thieves have had a free hand at disrupting legitimate business.
Inventory Boxes

How Well Do You Know These Essential Inventory Control Techniques?

From a loss prevention perspective, a strong understanding of how our inventory is managed  is crucial as we attempt to resolve shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company.
register drawer

Can a “Smart” Register Drawer Positively Influence Customer Relationships?

No area of interaction in a bricks-and-mortar retail environment is more critical than that between the store staff and the customer, usually at the point-of-sale (POS).

Global Shopper Study Finds Retail Store Associates Believe They Can Provide Better Customer Service...

A large majority (66 percent) of surveyed retail associates believe that if they were equipped with tablets, they could provide better customer service and...
holiday shoplifting

The Busiest Shopping Days Are Here: Top Tips to Prevent Holiday Shoplifting

According to ShopperTrak's historical data, 45 percent of all holiday shopper traffic falls during the top ten busiest days, beginning on Black Friday and dispersed throughout the end of the year. The top ten busiest shopping days for 2018, as predicted by ShopperTrak, are listed here.
goodwill loss prevention

Mission Driven

After a long career in loss prevention, including twenty-six years at Best Buy, Paul Stone, CFE, LPC, is now experiencing unparalleled results. Tempted out...

Marrying Video, Analytics, and Customized Solutions for Smarter Locations, Superior Results (LP Innovations)

Whether hospitality or retail, you need to maximize profit. A retailer needs to understand why seventy people walk by the store, but only three...

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