Tag: shrinkage

Despite retailers reporting worrisome and worsening ORC statistics, resources to fight it may be on the verge of stagnating. Only 40 percent said their companies are allocating more resources to fight ORC, down from about half of retailers that noted increased spending in both 2016 and 2015.

Students from the Retail Industry Leaders Association (RILA) Student Mentor program worked alongside the asset protection team from The Kroger Co to dig deep into the data and use predictive modeling to help make recommendations about problem areas.

Particular places, products, processes, and increasingly, certain retail innovations are much more vulnerable to loss than others.

One of the most commonly held principles of shrinkage reduction, especially for shoplifting deterrence, is achieved by giving good customer service. This idea is...

As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.

Traditionally, cash management systems have focused almost solely on security. While it's certainly a fundamental element—and one no less critical today—enhanced security features have done little to improve or advance the cash management function.

Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.

Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics...

LPM Media Group is on site at Walmart's Asset Protection National Meeting this week in Rogers, AR, where the theme of the event centers around embracing change to enable the transformation of the business while reducing losses and accidents.

You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because they had sold out of strawberries.