by Kristen Altamura | Dec 5, 2024
Organized retail crime (ORC) preys on retailers of all sizes. From retailers with thousands of locations to something as small as an Irvine, CA, family-owned jewelry store. While retail crime can be as simple as a teen shoplifting an energy drink from a convenience...
by Kristen Altamura | Nov 21, 2024
Understanding the importance of retail loss prevention training Retail losses, whether through shoplifting, employee theft, administrative errors, or organized retail crime (ORC), can severely impact the financial health of any business. Effective retail loss...
by Kristen Altamura | Oct 3, 2024
The current state of retail returns If consumer returns were depicted as an emoji, they’d be a rocket ship. With retailers making the consumer returns experience more frictionless, it’s no wonder that in 2023, total merchandise returns peaked at $743 billion. But it...
by Kristen Altamura | Sep 19, 2024
While the holiday season delivers a bounty of revenue and customer joy to retailers, it also signals the calm before the chaotic post-holiday returns storm. A calculated strategy for managing post-holiday returns is crucial for a profitable holiday season and to avoid...
by Kristen Altamura | Sep 5, 2024
Businesses diligently stock shelves, meticulously manage inventory, and ensure products are consistently available for consumers. However, a silent, often unseen threat known as inventory shrinkage gradually erodes profits, posing a challenge for businesses of all...
by Stephen May | Aug 20, 2024
This blog was last updated on November 6, 2024. Inventory shrink costs retailers millions of dollars annually – in 2023 alone, shrink accounted for $142 billion in losses. Even with retailers becoming more adept at tracking the insidious operations of organized retail...
