Tag Archives: inventory shrinkage

Key Loss Prevention Trends

Posted on April 13, 2013 by bermanevansretail

Loss prevention is very important for retailers (see this prior post, for example). In an interview with the National Retail Federation, Rosamaria Sostilio — Senior Vice-President of Asset Protection for Saks Incorporated identified six loss prevention trends for 2013: The increased … Continue reading →

Posted in Career Useful Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , , , , , , , , , | 3 Comments

Tracking Employee Behavior to Reduce Theft

Posted on April 6, 2013 by bermanevansretail

The term “retail shrinkage” encompasses any financial losses due to employee theft, customer shoplifting, vendor fraud, and administrative errors. Globally, inventory shrinkage exceeds $125 billion annually. Of that amount, employees account for 35 percent, customers 43 percent, vendors 6 percent, … Continue reading →

Posted in Global Retailing, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Privacy and Identity Theft Issues, Technology in Retailing | Tagged , , , , , , , , , , , | 5 Comments

The Annual Retail Theft Survey

Posted on July 21, 2012 by bermanevansretail

In its 2012 annual survey of retail theft, Hayes International found that: “Shoplifters and dishonest employees stole over $6.0 billion in 2011 from just 24 major retailers, according to the 24th Annual Retail Theft Survey conducted by Jack L. Hayes International, … Continue reading →

Posted in Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , | Leave a comment