Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. It can spot if a cashier is discounting more than other employees, or if their level of returns or refunds is higher than the store average.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Retail Focus

AUGUST 8, 2023

Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business. Outsourcing accounting and bookkeeping tasks to professionals can help you keep track of expenses, revenues, and taxes efficiently.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Inside Retail

MAY 19, 2021

We lose approximately $10 million a year on shrinkage – that covers a range of things but the majority of that is goods that are unaccountable,” Drake said. “It’s Drake recently began outing what he called “repeat offenders” by sharing CCTV footage on his social media account @shake.and.drake.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147