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Tag: retail shrink

retail shrinkage rates

What’s Driving the Latest Retail Shrinkage Rates in the United States and Beyond?

How can US retail shrinkage rates be so high, when the United States ranks in the top five countries in terms of investment in loss prevention technology?
what is a loss prevention manager

What Is a Loss Prevention Manager?

To the average consumer, a loss prevention manager might once have been perceived as a “security guard”: a reactionary presence in a retail establishment whose primary responsibility is to apprehend shoplifters.
how to manage inventory

How to Manage Inventory: Shrink Visibility

At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.
retail shrinkage rates

The Worldwide Impact of Shrink

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...
retail industry, grocery store shrink

Managing Grocery Store Shrink Begins with Problem Identification

One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your...

NRF/University of Florida Survey Says Retail Shrink Decreased to $46.8 Billion in 2017

Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes.

2018 Sensormatic Global Shrink Index Compares Shrink Rates Across 14 Countries

The Sensormatic® Global Shrink Index is a culmination of research that measures worldwide retailer performance, allowing retailers to benchmark their shrink rates to others in the same vertical and region.
innovation and entrepreneurship

RILA’s Shark Tank: A Different Approach to Innovation and Entrepreneurship in Retail

In the spirit of innovation and entrepreneurship, this event (styled after the popular TV show) gives retailers a chance to collaborate on the evaluation of startup companies in the retail space.
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