Store Communication and Execution, Merchandising and Loss Prevention.
Loss prevention is a very real challenge for retailers. Shrinkage is a problem that costs retailers billions of dollars every year. Yet businesses are using tools and technologies to prevent shrink less and less. If you consider the loss associated with shrink, it’s often two-fold: Not only are you losing the capital that you invested … Continue reading Loss Prevention: A Comprehensive Guide for Retailers
To assist brands beginning a new audit or loss prevention program, Compliant IA regularly publishes how-to guides, best practice content, and advice from retail experts. With “shrinkage” amounting to 1.7% of gross sales for the average North-American retailer, the financial stakes are high. Use this sample checklist as a guide to minimize theft, fraud, vandalism and … Continue reading Loss Prevention Checklist for 2019
In retail today, every dollar counts. Shrink has a significant effect on a retailer’s bottom line. A recent study by the National Retail Federation (NRF) found an average shrink rate of 1.44%, costing "the overall U.S. retail economy $48.9 billion.” Below a list of 4 loss prevention challenges retailers are facing in 2019, and how … Continue reading Loss Prevention Challenges in 2019
To assist multi-unit retailers starting or improving their retail audit program, Compliant IA regularly publishes how-to guides, best practices and checklists. Use this sample checklist to create or update your loss prevention program across your parking lots. Loss prevention is a set of policies and procedures designed to minimize theft, fraud, vandalism and waste. General … Continue reading Loss Prevention Checklist for Parking Operators
Focusing on operational standards, safety, and customer experience isn't just for retailers. Too often parking operators neglect reviewing standards and best practices until there is a problem (e.g. broken gate, slip and fall, theft). By 2019, revenues from parking management are expected to increase to just over $9 billion! Building owners and managers can lose … Continue reading 3 Types of Audits Parking Lot Operators Should Conduct
Conducting store audits should be on the to-do list of every retailer, and for good reason — retail audits help you uphold company standards, improve operations, and promote a safe in-store experience. But what exactly are the types of audits you should conduct and how often should you do them? More importantly, how can you … Continue reading 3 Types of Store Audits Every Retailer Should Conduct
The holidays are just a few short weeks away and we know that you and your staff are working hard on sales, promotions, and other seasonal programs. Before rolling out your initiatives, ask yourself: are you working just as hard to minimize loss in your business? While the holidays bring in more customers and sales, … Continue reading 4 Loss Prevention Tips to Help You Keep All Your Holiday Profits
To assist multi-unit retailers starting or improving their retail audit program, Compliant IA regularly publishes how-to guides, best practices and checklists. Use this sample checklist to create or update your loss prevention program across your retail locations. Loss prevention is a set of policies and procedures designed to minimize theft, fraud, vandalism and waste. With … Continue reading Loss Prevention Checklist
