Tag: shrink

Retail shrink, when taken as a percentage of total retail sales in 2021, accounted for $94.5 billion in losses last year, up from $90.8 billion in 2020, according to the 2022 National Retail Security Survey.

Today's shoplifters and organized retail crime groups have to be met with innovative approaches in retail security to ensure safety.

Stefanie Hoover from ALTO USA explains ways to reduce shrink in retail stores—starting with proper employee training and adequate timing.

Sensormatic’s Ned McCauley talks about present and future habits of the LP field, and how improvements can be made.

Paired with Nordic ID hardware, CONTROLSPAN Professional provides Jockey with real-time item-level visibility and asset tracking.

If you’re debating a technology change because of underperformance, end of life, cybersecurity concerns, or availability, the first decision you’ll need to make is choosing the right platform.

The 2020 National Retail Security Survey revealed shrink was at an all-time high, accounting for 1.62 percent of a retailer’s bottom line, costing the industry $61.7 billion.

Appriss Retail, a provider of retail customer experience solutions, is now offering North American retailers a new tool to drive topline and bottom-line growth while controlling shrink.

Shrink isn’t a cause—it’s an effect. It’s an outcome that goes well beyond the concept of bad guys stealing from our stores. Taking action to build awareness and understanding is essential to the success of your business. Here are some common characteristics in high-shrink stores.

Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.