Tag Archives: shrink

The challenges facing today’s retail loss prevention teams are increasingly complex and serious, from cyber security to active shooter to workforce training, compliance issues and – unfortunately – even armed gunmen inside stores or shopping malls. And with NRF’s annual Loss Prevention Conference and EXPO coming up in June, we wanted to know what’s top […]

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In New Orleans yesterday, where thousands of senior retail loss prevention executives and solution providers are gathered for NRF’s Loss Prevention Conference and Expo, University of Florida’s Dr. Richard Hollinger quantified exactly how retail theft is impacting the industry. Preliminary findings of the latest National Retail Security Survey suggest retailers in 2011 lost $34.5 billion to […]

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Whether you run one store or one hundred, there’s no business too small to find the best techniques to reduce shrink and increase profit margins. Even when retailers are armed with the latest methods, the biggest factor in reducing shrink is often the resources store managers have available to achieve the greatest return on investment. An […]

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In the current economy, retail executives face tough decisions in resource management: balancing smaller budgets and performing to higher expectations. Department heads may find themselves asking, “What’s the best way to sell my department to senior management?” My mind goes straight to the age-old wisdom, “Make yourself indispensable.” When asked the same question, Gary Johnson, […]

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Even though working in retail can present some interesting challenges, certain types of retail stores have more than their fair share of unique situations. In recent posts, I’ve learned about GameStop and excited holiday shoppers, Gander Mountain and firearms, and today, PETCO and crickets. Yes, crickets. In a recent Q&A with Kelly Gorman, Vice President […]

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In the world of retail loss prevention, executives can find themselves wearing many hats: crowd controller, emergency response coordinator, crime scene investigator and even retail security. But at the end of the day, asset protection – in whatever form – is goal number one. And to hear Alan Tague tell it, the devil can be […]

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