Store Communication and Execution | Operations | Merchandising | Loss Prevention
Shrink is a real threat to retail success. Every year, businesses across the globe lose around $100 billion to shrink, and the average shrink rate of 1.44% in the U.S. costs American retailers $48.8 billion annually. That’s a lot of money left on the table! Here’s the kicker: Most businesses are actually reducing their investment … Continue reading 5 Tips to Reduce Shrink in Retail
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