A business is not a business without retail shrinkage . In today’s society business owners have to have their heads up out of the sand and face this unfortunate reality.
However, retail loss is not something that a business owner just has to accept. There are solutions to this retail problem.
According to an Ernst and Young Study of Retail Loss Prevention, retail shrinkage costs retailers more than $46 billion every year. The majority of that loss is attributed to employee theft. While shoplifters are more frequent in a business setting, the dollar amount per instance of theft is much higher for employees of a business. Employees can steal more before being caught, because they are trusted.
Retail loss affects everyone. Consumers have to pay higher prices to counteract the impact of retail shrinkage on a business. If this type of shrinkage could be eliminated, businesses would be able to price their merchandise much lower.
Solutions to retail shrinkage can be found in loss prevention experts that know how to go into a business and analyze it’s every day business practices.
Loss prevention associates can identify shrinkage and develop plans to combat retail loss . Recoup your lost profit through a reliable loss prevention program, developed for your business to reduce retail shrinkage .
For more information on retail loss contact us at: retail shrinkage or call 1.866.914.256. – Atlanta Georgia