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Effective Strategies for Tackling Known Loss

BEC Level Four

This training is focused on known loss prevention and reduction. Known loss are shrinkage for which the source can be easily identified.

They include:

  • Damage
  • Distressed
  • Outdated
  • Discontinued
  • Seasonal Merchandise

Even though shoplifting and employee theft account for more than 50 percent of retail shrinkage, the remaining 50 percent is mainly due to known loss. This means that if retail brands decided to only focus on reducing known loss, which is completely under their control, you could more than double your sales and profit margin.

One of the reasons retail brands continue struggle is the result of the ever-increasing rate of shrinkage. Retail shrinkage accounts for 2.6 percent of retail sales. While the average retail profit is one percent of sales. This means that retail shrinkage more than double retail profit.

Reducing shrinkage by 50 percent will double retail profit margin. Numerous evidence has shown that retail shrinkage can be reduced up to 84 percent with an effective loss prevention strategy. This training outlines ways of reducing known loss so you can boost your store sales and profit.

Delegates Feedback

“The best strategies for making profit in retail. I always felt that all I needed to do was display my goods on my shop floor and customers will enter and buy them. It never occurred to me that the act of presenting my goods to prospective customers is itself marketing. It never even occurred to me that I had to market my goods to my customers. So reading visual merchandise display was an eye opener for me. I now know that my sales and store profit is connected to my ability to display my goods well. I learnt lots of new terminologies and ways of visually displaying my goods. Thanks Romeo

– Entrepreneur Lady

“The best strategies for making profit in retail. I always felt that all I needed to do was display my goods on my shop floor and customers will enter and buy them. It never occurred to me that the act of presenting my goods to prospective customers is itself marketing. It never even occurred to me that I had to market my goods to my customers. So reading visual merchandise display was an eye opener for me. I now know that my sales and store profit is connected to my ability to display my goods well. I learnt lots of new terminologies and ways of visually displaying my goods. Thanks Romeo

– Entrepreneur Lady

Course Information

Course Content

  • The root causes of known loss
  • The departments that produce high incidents of known loss
  • How to reduce and prevent known loss
  • How to reduce and prevent perishable shrinkage

Who will benefit

  • Retail Executives
  • Regional Managers
  • Store Managers
  • Loss Prevention/Asset Protection Managers
  • Store Associates
  • Retail Store Owners

Delegates Feedback

Course Dates

At your convenience. Course materials are available online to enable you access them as and when you see fit.

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Course Fees

Course Fee Per Module: £27

The investment is inclusive of:

  • Training video
  • Access to online learning platform
  • Email support
  • Certification

 

100% Money Back Guarantee & Refund Policy

Your investment is 100% GUARANTEED. You have a full 12 month from the date of purchase to request a refund and your investment will be returned in full, no questions asked.

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How it works

Pre-Training Resources

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.

Post Training Assistance

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.

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What You Will Learn

Learning Outcomes

At the end of the training, you will be able to:

  • Identify the root causes of known loss
  • Identify the departments responsible for highest incidents of known loss
  • Reduce and prevent known loss
  • Reduce and prevent perishable shrinkage

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Location

The training will be held at:

Hilton London Olympia
380 Kensington High St,
Kensington,
London
W14 8NL
Phone: 020 7603 3333

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Coming Soon

Effective Strategies for Tackling Known Loss On-Demand Training £27.

Own Your Copy Now and Learn to:

  • Identify the root causes of known loss
  • Identify the departments responsible for highest incidents of known loss
  • Reduce and prevent known loss
  • Reduce and prevent perishable shrinkage

Book Your Spot Now And Learn to:

For:
Multiple course booking discount
Corporate license for individual employees
Please call (+44) 020 8798 0579 or
Email:
info@theprofitexperts.co.uk
Like access to most or all of our training?
Please click here for access our ‘All You Can Learn’ pass.

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For more details about this training,

Please email :
Email:info@theprofitexperts.co.uk
Or Call
Tel:  (+44) 020 8798 0579 or 078 6504 9508

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