Indicators of Shoplifting

Tweet An Overview of Shoplifting In today’s dynamic retail environment where competition is fierce and consumer demands are constantly changing, retailers have to continually keep pace with these demands, provide a relaxed and friendly shopping environment whilst at the same time ensuring that their merchandise are discreetly protected. This is a tall...

Read More

Employee Theft Indicators

Tweet Merchandise Pass-through Situation: Cashier passes an item into the basket without scanning it through the till as a sale. (This can be done at standard tills, self check-out tills or the customer service desk). Warning Signs Customer chooses  a  longer cashier line over  a shorter faster one Customer leaves if a certain cashier is not...

Read More

How to Prevent and Reduce Backroom Receiving Shrinkage

Tweet The receiving process is unstructured in many retail organisations, with no written policies and procedures. Consequently, backroom receiving shrinkage accounts for an estimated 10% of retail shrinkage, which in an average supermarket amounts to over £30,000 annually. Vendor fraud and employee theft are responsible for the vast majority of receiving...

Read More

How to Reduce & Prevent Retail Employee Theft

Tweet The retail sector is particularly susceptible to employee theft, primarily as a result of low wages and high staff turnover. In 2009, employee theft at 36.4% was the second biggest source of UK retail shrinkage amounting to £1.5 billion. Even though employee theft is less frequent than customer related theft, the resulting consequences can be enormous...

Read More

How to Prevent Perishable Shrinkage

Tweet Visit any large supermarket in the morning, the aroma in the air is always that of fresh baked bread. Customers will frequent a particular supermarket over others because of its perishable department. Therefore it is vital that the ‘fresh & friendly’ philosophy becomes the operational standard of any retail organisation that wants to remain...

Read More

How to Reduce Non-Perishable Shrinkage

Tweet Non-perishable goods such as groceries, health & beauty and general merchandise on average make up about 60% of a store’s sales. Damage, theft and accidents are the most notable cause of non-perishable shrinkage. Non-perishable shrinkage can be classified into known and unknown. By its very nature, non-perishable shrinkage is easier to control than...

Read More
Get Adobe Flash player