****If you are unsure of your profit and shrinkage figures, please click here for another calculator
**** Sources: Professor Adrian Beck University of Liecester (1.84% Shrinkage & 2.99% profit) and National Retail federation & Retail Control Group (68% shrinkage reduction)
At The Retail Training Hub, we teach retail brands the ingenuity required to sell their soap AKA their merchandise so they can increase store sales, increase in-store conversion and increase store profit. You will learn effective strategies for accurate forecasting in order to increase stock availability and reduce missed opportunities. Ultimately resulting in reduced shrinkage (stock loss) by 84%, increased store sales by 56% and increased store profit by 61%.
When you book your training today, you will be redirected to your personal membership dashboard where you will have instant access to videos and other materials relating to the course you booked.
The end of the training does not necessarily mean the end of your learning journey with the Business Education Center. Up to a month after taking the training, you will be entitled to email: info@theprofitexperts.co.uk or call: (+44) 020 8798 0579 with enquiries about the course you took.
In addition to the post-training follow up support, we also provide custom designed a la carte licensed training materials your managers and supervisors can use to train their colleagues.
Simply training staff without the requisite infrastructure to implement the knowledge is a fool’s errand. In addition to the training, we help you develop the appropriate infrastructure for implementation.
Learn how to increase store sales, increase in-store conversion and increase store profit with your absolutely FREE retail loss prevention checklist.
When you sign up for the FREE retail loss prevention video, you will also receive our ‘How to Influence Shoppers Buying Behaviour’ video absolutely FREE
What Every Retail Brand Ought to Know About Loss Prevention – Part Nineteen Non-Perishable Shrinkage 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 […]
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What Every Retail Brand Ought to Know About Loss Prevention-Part Eighteen Retail Employee Theft The retail sector is particularly susceptible to employee theft, primarily as a result of low wage and high staff turnover. Retail employee theft at 36.4% is the second biggest source retail shrinkage amounting to £1.5 billion. Even though retail employee theft […]
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What Every Retail Brand Ought to Know About Loss Prevention – Part Seventeen Retail Employee Error The theory of constraint states that there is a single variable that when addressed can significantly improve the performance of any organisation. I would argue that in the retail industry, the single variable that is responsible for the success/failure […]
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