Tag: retail shrinkage

Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.

From an LP perspective, a strong understanding of how retail inventory is managed is crucial to resolving shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. The two most common are the “retail” method and the “cost” method of accounting.

Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.

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.

Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics...

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?

Whoa, what's that?! No way. That's a reaction we want from would-be offenders when thinking about initiating a crime attempt on our property. We're often...

When I was a doctoral graduate student at the University of Minnesota during the late 1970s, I began conducting research on employee theft. At...

Over the past 25 years, return on investment, profit center, cost center, and value-added have become significant buzzwords in the loss prevention industry. While not...