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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.
security camera, retail theft control

Combating Retail Shrink with AI: Two Case Studies

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.
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.
inventory shrinkage, how to calculate shrinkage in retail, loss prevention audits

How to Calculate Shrinkage in Retail

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.
grocery shrink

Partnering Science, Data, and Asset Protection to Tackle Retail Shrink

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

Offenders Adapt; So Must We

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...
employee theft statistics

Analyzing Employee Theft Statistics from a Specialty Retailer

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

Change Isnt Just Something You Carry in Your Pocket

Here we are again quickly making our way to the midpoint of another year. And while we may realize that time wont stand still...
loss prevention solutions

Calculating the ROI of Loss Prevention Solutions

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...

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