Tag: shrink

When it comes to retail theft, the industry—and the media—tend to focus on more prominent brands with more stores and revenue that are accountable to shareholders. But shrink from theft significantly impacts small-to medium-sized (SMB) retailers, which operate on narrower margins.

For the past three years, the LPRC has compiled a database of shrink, incidents, and security measures as part of its American Retail Crime, Shrink, and Security (ARCSS) initiative. See results in this article!

Learn to utilize AI for predictive measures, demonstrate the value of AI in enhancing gross margins and customer experiences, and standardize LP protocols effectively.

This article focuses on fundamental influences that can be managed regarding shrink, and common characteristics of a high shrink store.

Register now to join industry experts Tony D'Onofrio and John Elstrott to learn about how stores can drive profitability with emerging LP tech.

While often expected and sometimes necessary to drive the business forward, markdowns still impact the bottom line, especially when considering the unbudgeted, store-initiated markdowns generated to mitigate aging or excessive inventory.

Read more here on how supermarkets use certain techniques to reduce shrink, fight theft, and improve store margins.

Retailers can reduce returns by aiming at preventing returns in the first place. But how can this be achieved?

See how facility intelligence is leveraging technologies like AI to revolutionize loss prevention in large global retail organizations.

The three major challenges which have been elevated as the highest US priorities for loss prevention are active shooters, safety, and organized retail crime.