Tag: shrink

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

Review the results from a recent LPM LinkedIn poll where we asked retail professionals about the most common causes of shrinkage in their stores!

While contributors to shrink are multi-fold, one strategy that retailers have leveraged to successfully combat shrink losses is scan-based trading (SBT).

External theft, internal theft, and operational errors are made worse by poor hiring practices and high employee turnover. Learn more in this article.

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.

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.