Tag: shrink
We Can and Need to Solve the Problem of Retail Shrink
The three major challenges which have been elevated as the highest US priorities for loss prevention are active shooters, safety, and organized retail crime.
The Problem of Organized Retail Crime: Overstated or Misunderstood?
To determine whether the retail crime problem has been overstated, we need to understand the nature of retail crime in general.
NRF Reports Retail Shrink Is a $100B Problem
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.
The Future of Retail Starts with a New Approach to Preventing Shrinkage
Today's shoplifters and organized retail crime groups have to be met with innovative approaches in retail security to ensure safety.
Incident Reporting: One Key Element of Shrink Reduction
Stefanie Hoover from ALTO USA explains ways to reduce shrink in retail stores—starting with proper employee training and adequate timing.
Ask the Expert: The State of Loss Prevention
Sensormatic’s Ned McCauley talks about present and future habits of the LP field, and how improvements can be made.
Jockey Implements CONTROLSPAN Professional in US Stores
Paired with Nordic ID hardware, CONTROLSPAN Professional provides Jockey with real-time item-level visibility and asset tracking.
Shrink Prevention on a Budget
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.
Ask the Expert: Controlling Grocery Shrink
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.
Omnichannel Returns Generate Profits with New Engage Solution from Appriss Retail
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.