Loss Prevention Checklist

Loss prevention is a very real challenge for retailers. Shrinkage is a problem that costs retailers billions of dollars every year due to external theft, internal theft, and administrative errors. Regularly using a Loss Prevention Checklist across your locations ensures compliance with policy, reinforces training, and demonstrates loss prevention is a priority for your business.    … Continue reading Loss Prevention Checklist

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How to Prevent Human Errors in Retail

The classic phrase “the devil’s in the details” rings very true in the retail world. A retail store may look simple and easy to mange on the outside. However, store managers and associates are constantly juggling multiple moving parts. From monitoring inventory levels to entering customer data, there are a lot of details to manage … Continue reading How to Prevent Human Errors in Retail

5 Tips to Reduce Shrink in Retail

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 to leave on the table! This means implementing methods to reduce shrink in retail … Continue reading 5 Tips to Reduce Shrink in Retail

Loss Prevention: A Comprehensive Guide for Retailers

This Loss Prevention: A Comprehensive Guide for Retailers recognizes that 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. The loss associated with shrink is two-fold: You lose the capital … Continue reading Loss Prevention: A Comprehensive Guide for Retailers