Last week’s LPM Insider survey asked whether respondents thought they were earning a fair wage for the work they do. One reader commented, “Companies that are too tight with their money lose loyalty, and then their best people. Then they wonder why. The door swings both ways.” Read More
Tag: reduce shrink
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. Read More
Checkpoint Systems recently announced that Boscov’s is employing its CableLok® retail security system to reduce shrink while lifting sales in a number of its stores.
For more than 100 years, Boscov’s has been the country’s largest family-owned department store. Like other retailers, it continually faced the challenge of discouraging shoplifting without Read More
Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics to drive insights from data that lead to better overall understanding and decisions regarding a problem common to the entire retail industry—retail shrinkage, or shrink.
The produce Read More
Loss Prevention Systems Inc. has recently announced its channel partnership with Tyco Retail Solutions—a leading provider of analytics-based loss prevention, inventory intelligence and traffic insights for the retail industry. Loss Prevention Systems Inc. has joined Tyco Retail Solutions’ GlobalPartnerEdge channel program focused on delivering the Sensormatic® Electronic Article Surveillance (EAS) Read More
Genetec And Appriss Retail Integration Enables Retailers To Instantly Correlate Video With Suspicious Transactions
Genetec has recently announced that its unified platform, Security Center, has been integrated with Secure™ Store, a profit protection and exception reporting solution developed by Appriss Retail. Read More
Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues? Read More
Am I sure that he is attempting to steal this merchandise? “Yes, I am sure.” Read More
By Meg Costa
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and the availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but Read More