Home Tags The shrinkage
Tag: the shrinkage
RESEARCH: Losses and Costs Associated with Grocery Store Magazines and Newspapers
The ECR Community Shrinkage and On-shelf Availability Group had become aware of growing concerns about the losses relating to the sale of grocery store magazines and newspapers in the UK—a category not normally associated with high levels of loss.
Restaurant Theft: The 5 Most Common Methods
Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which dishonest employees steal from restaurant owners and customers.
Electronic Article Surveillance (EAS) Source Tagging: 20+ Years of Innovation
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.
The Link Between On-Shelf Availability, Sales, and Loss
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.
Many years ago I wrote an article titled "The Underdog Wins Again." In a nutshell it was a column about how some are not...
The 11 Habits of Low-Inventory Shrink Retailers
In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
Losses and Costs Associated with UK Grocery Store Magazines and Newspapers
We are all familiar with use of the word “shrinkage” to describe the losses experienced by retailers, although it is impossible to find any...
Analyzing Employee Theft Statistics from a Specialty Retailer
When I was a doctoral graduate student at the University of Minnesota during the late 1970s, I began conducting research on employee theft. At...
Target’s Minimum Wage Increased. What Does That Mean for Theft?
Employee theft is a source of loss simply too costly to ignore, which is why loss prevention practitioners are always on the lookout for...
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...