In 2010 retailers lost US$107.3 billion, an equivalent of 1.36% of their total sales to shrinkage despite
spending $26.8 billion on loss prevention. Why is that so? The answer and measures to prevent a
repeat of this scenario are in this book.
Errors in pricing, accounting and receiving contribute approximately 18% of retail shrinkage; this
equates to £18,623 in losses to an average supermarket or store and almost £49,679 in losses to a
superstore. This e-book shows retailers how to prevent employee error.
Why did a few retailers shine during the recession whilst others struggled?
Answer: those successful retailers have a built-in mechanism for profit protection within their
organisations. This e-book will show you how to construct the mechanisms for profit protection
within your business.
There are many factors that contribute to shrinkage; these include theft, damage, error and procedural
This e-book discusses shrinkage, both perishable and non-perishable: the cost and implications to the
Our obsession with complex theories has blinded us to the fact that solutions do not need to be
complicated. There are simple solutions to preventing employee theft those solutions are in this
The advent of internet sites such as eBay, where goods can be traded legally and freely in the open
market has created a whole new dynamic in retail crime. ORC criminal gangs specifically target retail
organisations perceived as soft targets. This e-book shows retailers how to prevent shoplifting.
Receivers literally hold the cheque book of a retail organisation. Any mistake they make can affect
inventory of the entire organisation. It is therefore imperative that receivers are equipped with up- to
date training and equipment. This e-book addresses the entire receiving process; it also details supply
chain activities and their effect on the retail receiving process.
The retail landscape is changing rapidly with increasing internet shopping. From 2005 to 2009, the
online shopping population grew to 1.6 billion. It is predicted to rise to 2.3 billion by 2014 with gross
revenue totalling $778.6 billion. This is bad news for traditional brick and mortar retail businesses.
With the continued dominance of Amazon, eBay, Google or iTunes, do WH Smith, Waterstones or
HMV even stand a chance?
The answer to these and other questions are in this e-book.