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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...
target loss prevention programs

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....
negotiation tactics

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

EDITORS NOTE: David Johnston is senior director of loss prevention and corporate security at Dunkin Brands. Prior to his current position, he was director...

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...
punishment for shoplifting

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 YearLong Beach, California, June 24, 2015 – A new study being released from NRF...
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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...

Retooling the LP Strategy at Home Depot

If you're looking for the perfect loss prevention strategy, one that will resolve accounting errors, stanch losses to internal theft, and scare away thieves......

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