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. Reduce Retail Theft .

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Inside Retail

MAY 25, 2023

Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone. billion due to theft in 2023 alone.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 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 Incidents of theft are on the rise with Drakes’ 50+ stores across Queensland and South Australia experiencing shoplifting on a weekly basis. “We

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147

I Vend

DECEMBER 10, 2023

Here we take a look at how retail technology can help to streamline the top 10 key retail processes, and how a unified retail POS pulls them all together into a single, highly optimized retail operations platform. Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94

Inside Retail

JUNE 28, 2022

The software is used to gather evidence on repeat offenders, and is largely used to prevent theft and shrinkage. Additionally, while 83 per cent of brands are collecting the online browsing data of their customers – only 2 per cent disclose potential data sharing, online tracking, or other uses of data at customer sign up.

Consumer 130

Consumer Payment Services Shrinkage Loss Prevention 130

Mass Relators

DECEMBER 12, 2022

Fueled by a surge in organized retail crime, shrinkage costs the industry almost $100 billion a year, according to National Retail Federation’s “2022 Retail Security Survey.” The study, conducted with the Loss Prevention Research Council, found that the average shrink rate in 2021 was 1.4%, resulting in losses of $94.5

Shrinkage 52

Shrinkage Loss Prevention Consumer Shopping 52

Wiser

FEBRUARY 29, 2024

As detailed by industry experts at the panel, the impact of staffing shortages extends beyond the bottom line. The consensus among panelists suggests an anticipatory strategy might cushion the effects of potential recessions. For organizations operating at various scales, the advice is clear: remaining lean and nimble is key.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

A1 Retail

OCTOBER 12, 2021

By Ofri Ben Porat, Chief Executive Officer at Edgify. As counterintuitive as it is, we all know losses are an accepted norm in retailing. Factored into the bottom line, as sales increase for stores, so will the losses of product inventory. Loss prevention teams call this inevitable outcome “external shrinkage”.

Shrinkage 40

Shrinkage Loss Prevention Checkout Supermarket 40