Tag: shrinkage
Risk Management and Loss Prevention: Partners for Profits
When comparing the risk management and loss prevention disciplines, it is important to recognize that the two functions share many common missions. They both manage...
15 Best Practices for Inventory Loss Prevention
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the...
Considering an EAS Hard Tag Merchandise Protection Strategy
When looking to protect their merchandise, retailers can choose from a number of electronic article surveillance (EAS) hard tag options, including in-store applied hard and...
Adopting an Intervention Assessment Framework in LP
The recent benchmark report, Emerging Technology in Loss Prevention Retailing, reviewed the current use of nine technologies and the primary problems they are being...
Reduce Retail Theft with LockUp (Digilock)
Currently in its twenty-fifth year, the National Retail Security Survey continues to offer not only insightful research into retail crime but also successful countermeasures....
Theft Takes a Toll on Retailers’ Bottom-Line Profits, According to Jack L. Hayes International’s...
Over 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered over $120 million from these thieves, according...
How Much of Retail Shrink is Lost to “Paper Shrink”?
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively...
Loss Prevention Devices for High-End, Interactive Consumer Electronics
For retailers of high-end consumer electronics such as smartphones, tablets, e-readers, drones, digital cameras, and fitness watches, the customer’s retail experience can be just...
Retail Anti-Theft Devices Should Amplify Risk
A 2016 report from the ECR Community’s Shrinkage and On-shelf Availability Group titled Amplifying Risk in Retail Stores offers a comprehensive review of the...
9 Necessary Practices for Successful Shrinkage Control
In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the...