Tag: shrink percentage
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.
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.
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...
Target Store Loss Prevention Programs
Target store loss prevention programs come in a variety of names, shapes, sizes, and formats.
Controlling Shrink by Monitoring Sales-Reducing Activities (Appriss Retail)
Loss prevention departments have, for some time, successfully examined risk flags within point-of-sale (POS) transactions to identify exceptions that may indicate theft or loss....
LP Interrogation Techniques Can Work as Negotiation Tactics
Negotiation tactics are synonymous with terms ranging from compromise and mediation to haggle and interrogation. It is not difficult to argue the fact that...
From Retail LP to Solution Provider to Restaurant Brand Protection
A Q&A session with David Johnston, the senior director of LP for Dunkin' Brands about the industry and his experiences within loss prevention.
Fifteen Years of Loss Prevention, Part 2
Welcome to the second of three installments covering the first fifteen years of Loss Prevention magazine. I hope you enjoyed the first part in...
Retailers Estimate Shoplifting, Incidents of Fraud Cost $44 Billion in 2014 According to National...
NRF/University of Florida Survey Finds Shrinkage Totaled 1.38% of Sales Last Year
Long Beach, California, June 24, 2015 – A new study being released from NRF...
Managing LP by Managing Data
Movie Gallery is the second largest and fastest growing video rental retailer in the world. Starting with one store in Dothan, Alabama, in 1985, the...