The Business Education Center
We Help Retailers Sell the Way Shoppers Buy
Retail Loss Prevention Training
Loss prevention is the most misunderstood function in retail.
This is because the majority of retailers perceive shrinkage as shoplifting or employee theft.
Loss prevention is first and foremost about the availability of merchandise on the shop floor.
When the right merchandise are available at the right time, it reduces missed opportunity, boost sales and increasing store profit.
Indeed shoplifting and employee theft accounts for more than half of retail shrinkage.
However, shoplifting and employee theft are usually symptoms of deeper structural problems within a retail organisation.
In the retail loss prevention training for:
I walk you through a step by step process for identifying the root causes of your store shrinkage, and share with you strategies for reducing them.
You will learn:
- How to identify the root causes of your store shrinkage
- The role of store design and visual merchandising in shrinkage creation
- The critical role of your supply chain in loss prevention
- How to create an effective loss prevention strategy that will result in increased sales and profit.
Click on any of the link below gain immediate access to the category of retail loss prevention training you desire:
- Retail Executives
- Retail Store Managers
- Retail Store Assistants
WHO IS THE TRAINING FOR?
- Retail executives
- Retail store managers
- Retail store assistants
TRAINING BENEFIT TO RETAILERS
At the end of the training you will be able to:
- Effectively perform your role as the key person responsible for loss prevention in your retail organisation
- Competently assume leadership for loss prevention in your retail organisation
- Effectively delegate loss prevention assignment to the appropriate member of staff
- Create an effective loss prevention strategy for your retail organisation
WHY IS THE BUSINESS EDUCATION CENTER WELL-PLACED TO DELIVER THIS TRAINING
Retail shrinkage has always been perceived as shoplifting or employee theft.
As a result of this perception, the approach to loss prevention in many retail organisations is focused on catching customers or employees suspected of theft.
Consequently, the majority of loss prevention training heavily lean towards providing participants with the skills required to recognise and catch thefts.
The Business Education Center understands that retail shrinkage goes way beyond theft.
We are aware of the fact that retail shrinkage is caused by process & systemic failure, opportunity and human factor.
Therefore, we are the only training organisation in Europe that has designed a loss prevention training programme to encompass all of those challenges.
Our trainers have been on the frontline of retail loss prevention for many years, therefore all the case studies and examples provided during the training sessions are based upon practical experience.
BIOGRAPHY OF TRAINER
Romeo Richards’ first-hand experience within the retail industry and extensive knowledge of working in the security industry for many years, enabled him to develop the concept upon which the training modules are based.
Romeo has worked with Marks & Spencer, Tesco and Brantano.
Romeo’s extensive knowledge of the Theory of Constraint (TOC) adds a new dimension to the presentation of retail loss prevention.
Romeo holds a Masters Degree in International Relations.
He has written 23 books, numerous articles, whitepapers and best practices on retail loss prevention, store design, visual merchandising display and how to increase retail sales.