Every retail brand owner needs to read ‘Threshold Resistance’, by Alfred Taubman.
It will be especially helpful for retail entrepreneurs who are stuck.
‘Threshold resistance’, are those invisible barriers preventing you from increasing your store sales and profit.Read More
What Every Retail Brand Ought to Know About Loss Prevention – Part Fifteen Shoplifting Prevention Robbery of an average retail store results in an estimated £2,077 loss. This figure excludes damage to the property and other consequences suffered by the store owner. Robbery occurs at least three times a year on a modest high street. […]Read More
What Every Retail Brand Ought to Know About Loss Prevention – Part Fourteen Preventing Shoplifting The Reverend Tim Jones, the parish priest of St. Lawrence and St. Hilda in York in the UK, advised his congregation to shoplift if they found themselves in hardship. In his statement, he said: “I would ask that they do […]Read More
What Every Retail Brand Ought to Know About Loss Prevention–Part Thirteen Retail Loss Prevention Profit in any business requires an increase in income and decrease in expenditure. The same theory applies to the retail industry. To make profit in retail requires increase sales and reduction in shrinkage. This concept has so far been missing in […]Read More
What Every Retail Brand Ought to Know About Loss Prevention–Part Twelve Retail Loss Prevention This series of articles breath fresh air into the concept of retail loss prevention or profit protection. We move away from the tough guy approach adapted by many loss prevention experts, which is brought about by the perception that shrinkage is […]Read More
What Every Retail Brand Ought to Know About Loss Prevention – Part Twenty Perishable Shrinkage 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 & […]Read More
What Every Retail Brand Ought to Know About Loss Prevention–Part Eleven Retail Technology Retail loss prevention technology is evolving on a massive scale, therefore, it is possible that within a few years, any new technology may be obsolete. Retail loss prevention technology will bring benefit if only it diminishes a constraint and improves productivity. Before […]Read More