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Date: April 29, 2024 Mon
Time: 10:23 pm
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Results for shrinkage
7 results foundAuthor: Euromonitor International, Title: The Global Retail Theft Barometer 2012-2013 Summary: Objective The objective of this report is to understand the rate of shrinkage in 16 countries, as well as the leading causes and methods of prevention. Two main data points are provided: - Average rate of shrinkage (in % terms) for retailing as a whole for each of the 16 countries. - Reasons for shrink: % share of shoplifting, employee theft, vendor or supplier fraud and administrative and non-crime losses of total shrink in each country. In addition to the aforementioned data points, insights per country include qualitative analysis on best methods of loss prevention, most stolen items and impact of shrinkage/loss on retailers in the country. Methodology Euromonitor International conducted in-depth trade interviews with Loss Prevention managers of leading retailers in each of the 16 countries, covering a questionnaire focussing on the aforementioned data and qualitative points (e.g. providing an estimate of total national shrinkage losses). The retailers were chosen based on their rank within the Passport retailing database (Euromonitor International's syndicated database), aiming to cover companies within the top 15 retailers where possible, in order to discuss shrinkage on a national level. Furthermore, Euromonitor International conducted an online survey of retailers across the researched countries, and responses were leveraged for further insights. Where available, completed questionnaires from the survey were used to supplement the information from the trade interviews, in order create country shrinkage estimates for each market. A total of 157 companies in 16 countries were interviewed and surveyed for this study. These companies generated approximately 18% (US$1,500 billion USD) in 2012 of total retail value sales in the 16 countries combined. Euromonitor's team of researchers and consultants analysed the quantitative and qualitative information achieved through the methodology ultimately selected in order to understand 2012 trends in shrinkage and loss prevention in the selected geography/ scope. Reported Data - All results are reported on a national basis. - All shrinkage figures in this report are based on average selling (retail) prices. - Values in the report are given in US Dollars. Retail Industry Overview The qualitative and quantitative analysis in the country report sections "Industry Overview" are drawn from Passport, Euromonitor International`s syndicated research database, which is updated annually across 80 different countries. Details: Thorofare, NJ: Checkpoint Systems, 2013. 148p. Source: Internet Resource: Accessed October 11, 2016 at: http://www.odesus.gr/images/nea/eidhseis/2013/GRTB-2012-13-Eng.pdf Year: 2013 Country: International URL: http://www.odesus.gr/images/nea/eidhseis/2013/GRTB-2012-13-Eng.pdf Shelf Number: 140659 Keywords: Loss PreventionRetail TheftShopliftingShrinkage |
Author: Euromonitor International, Title: The Global Retail Theft Barometer: 2014-2015 Summary: The GRTB "Global Retail Theft Barometer" is a study on the cost of shrinkage for the global retail industry. Apart from providing shrinkage trends at the global and regional levels, this year's report also provides country level trends for 11 select countries, out of the 24 countries covered in the research. The objective of this report is to understand shrinkage rates in four key regions, covering 24 countries, as well as the reasons for shrinkage and steps taken to prevent such loss. Key data points provided are as follows: - Average rate of shrinkage (in percentage terms) for the retail industry - Reasons for shrinkage: % internal theft, external theft, vendor theft, and administrative factors - Popular loss prevention solutions Qualitative insights into reasons for shrinkage, adoption of loss prevention solutions and approach towards loss prevention have also been provided. Prepared by The Smart Cube (TSC), presented with Ernie Deyle, and funded by an independent grant from Checkpoint Systems, Inc., the report is the world's most comprehensive survey of retail crime and loss. All figures in the report relate to the twelve months, ending December 2014. Details: Thorofare, NJ: Checkpoint Systems, 2015. 135p. Source: Internet Resource: Accessed November 14, 2016 at: http://www.odesus.gr/images/nea/eidhseis/2015/3.Global-Retail-Theft-Barometer-2015/GRTB%202015_web.pdf Year: 2015 Country: International URL: http://www.odesus.gr/images/nea/eidhseis/2015/3.Global-Retail-Theft-Barometer-2015/GRTB%202015_web.pdf Shelf Number: 146673 Keywords: Loss Prevention Retail Theft Shoplifting Shrinkage |
Author: Sidebottom, Aiden Title: A Systematic Review of Tagging as a Method to Reduce Theft in Retail Environments Summary: Retailers routinely use security tags as a form of situational measure to reduce theft. Guided by the acronym EMMIE, this paper set out to 1) examine the evidence that tags are Effective at reducing theft, 2) identify the Mechanisms through which tags are expected to reduce theft and the conditions that Moderate tag effectiveness, and 3) summarise information relevant to the Implementation and Economic costs of tagging. Following a systematic search of the published and unpublished literature, and through consultation with four retailers, we identified fifty studies that met our inclusion criteria. Eight studies reporting quantitative data were assessed in relation to the effectiveness of tags, but heterogeneity in the type of tag and the reported outcome measures precluded a meta-analysis. Based on the available evidence it is difficult to determine the effectiveness of tags as a theft reduction measure, albeit there is suggestive evidence that more visible tags outperform less visible tags. The three identified mechanisms through which tags might plausibly reduce theft - increase the risks, reduce the rewards, increase the effort - were found to vary by tag type, and their activation dependent on five broad categories of moderator: retail store and staff, customers (including shoplifters), tag type, product type, and the involvement of the police and wider criminal justice system. Implementation challenges related to staffing issues and tagging strategy. Finally, although estimates are available on the costs of product tagging, our literature searches identified no high-quality published economic evaluations of tagging. The implications of our findings and suggestions for future research are discussed.. Details: London: What Works Centre for Crime Reduction, University College London, 2017. 61p. Source: Internet Resource: What Works Crime Reduction systematic Review Series: Accessed July 29, 2017 at: http://library.college.police.uk/docs/college-of-policing/Retail-tagging-SR-2017.pdf Year: 2017 Country: International URL: http://library.college.police.uk/docs/college-of-policing/Retail-tagging-SR-2017.pdf Shelf Number: 146615 Keywords: Loss PreventionProduct TaggingRetail TheftShopliftingShrinkageSituational Crime Prevention |
Author: Taylor, Emmeline Title: Staying Ahead of the Game: Mobile technologies in retail: A review of benefits and risk Summary: The aim of this report is to harness the learning from the implementation of self-checkout (SCO) and combine this with available information relating to mobile scanning (m-scan) and mobile point of sale (m-POS). The report provides an overview of benefits, risks and key considerations for industry stakeholders regarding the utilisation of mobile technologies in the retail sector. Whilst there is a growing literature attending to the benefits of mobile payment, a précis overview of vulnerabilities and impact on loss is largely missing. It is clear that understanding remains 'fragmented' , particularly in relation to 'shrinkage' and there is little by way of a research agenda or roadmap. With the market being flooded with software and products, retailers are exposed to a compelling case for mobile payment, but are not as cognisant of the potential risks. The report provides an overview of some of the different modes of mobile payment systems, a consideration of the benefits that they offer to retailers and their customers, before focusing on the potential risks and vulnerabilities. The full methodology can be found in the Appendix. The report culminates in a list of recommendations for developing a robust approach to mobile payment technologies as well as providing an agenda for future research focused on understanding loss mitigation. 01. PROJECT SCOPE AND RESEARCH AIMS Aims and Objectives - Outline what mobile scanning and mobile POS is and the various guises it can take in the retail sector. - Draw upon relevant research from the introduction of SCO with regards to loss and apply the relevant lessons to mobile POS technology. - Consult with loss prevention professionals, industry partners and academic experts to gain insight into mobile payment opportunities and risks. - Provide insight on the key considerations for industry stakeholders (primarily retailers) in moving to m-scan and m-POS with regards loss mitigation. Details: Canberra: Australian National University, 2013. 39p. Source: Internet Resource: Accessed July 27, 2018 at: http://epubs.surrey.ac.uk/841099/1/Staying%20Ahead%20of%20the%20Game.pdf Year: 2013 Country: Australia URL: http://epubs.surrey.ac.uk/841099/1/Staying%20Ahead%20of%20the%20Game.pdf Shelf Number: 150942 Keywords: Crime Prevention Loss Prevention Retail Crime Retail Security Shoplifting ShrinkageTheft |
Author: Beck, Adrian Title: Effective Retail Loss Prevention: 10 Ways to Keep Shrinkage Low Summary: Executive Summary Purpose and Approach The aim of this study was to identify the key characteristics of retail companies in the US that are perceived to have a track record for delivering low levels of shrinkage. It is based upon interviews with the head of loss prevention, a selection of their staff, analysis of company documentation and visits to stores. The five companies that took part are: The Target Corporation, Limited Brands, Best Buy, CVS and The Gap. Findings The study identified 10 key factors which were considered to be influential in creating a low shrinkage environment in the companies taking part in this research. They can be grouped under three headings: Strategic, Cultural and Operational: Strategic Level Factors - Establishing Senior Management Commitment: making sure that senior executives are aware and supportive of the need to prioritise loss prevention. - Ensuring Organisational Ownership: making sure that all of the functions within the organisation recognise the importance and value of prioritising loss prevention. - Embedding Loss Prevention: making sure that loss prevention is part of the fabric of the business and acted upon by all departments. Cultural Level Factors - Providing Strong Leadership: generating energy, direction, focus and a vision for loss prevention in the company. - Generating Barometer Management: creating and analysing data to enable decision making to be based upon an evidence-based approach. - Prioritising People: making sure that the company employs the right people and motivates them accordingly to take shrinkage seriously. Also concerned with creating a loss prevention team that is multi-faceted and forward thinking. - Prioritising Innovation and Experimentation: recognising that retailing and loss prevention is a dynamic arena that requires new thinking and a willingness to change. - Talking Shrinkage: keeping shrinkage on the agenda through a range of communication strategies. - Emphasising Procedural Control: ensuring that process adherence is a key part of what loss prevention does but also recognising a balance has to be struck between service and control. Operational Level Factors - Creating Store Management Responsibility: without the active support and engagement of all store staff, but particularly managers, loss prevention will not be properly controlled and minimised. Details: Leicester, UK: University of Leicester, 2007. 45p. Source: Internet Resource: Accessed January 21, 2019 at: https://www2.le.ac.uk/departments/criminology/people/bna/10WaystoKeepShrinkageLowpdf Year: 2007 Country: United Kingdom URL: https://www2.le.ac.uk/departments/criminology/people/bna/10WaystoKeepShrinkageLowpdf Shelf Number: 154327 Keywords: Embezzlement Loss Prevention Retail Companies Retail Loss Retail Theft Shrinkage |
Author: National Retail Federation Title: The 2016 National Retail Security Survey Summary: The annual National Retail Security Survey, now in its 25th year, provides loss prevention leaders with insights about internal and external retail crime. This year's results provide compelling statistics on inventory loss and its financial impact. Among other topics, the report addresses point-of-sale data mining and closed-circuit television. This study helps retailers take note of the incremental and significant changes within loss prevention as the industry continues to evolve. Key findings: The impact of shrinkage on the retail industry continues to be sizeable. Most retailers continue to rely on LP professionals to apprehend shoplifters. Shoplifting has surpassed employee theft as the greatest cause of inventory shrink. Details: New York: National Retail Federation, 2016. 22p. Source: Internet Resource: Accessed August 18, 2019 at: https://cdn.nrf.com/sites/default/files/2018-10/NRF_2016_NRSS_restricted-rev.pdf Year: 2016 Country: United States URL: https://nrf.com/research/national-retail-security-survey-2016 Shelf Number: 157020 Keywords: Employee Theft Inventory Loss Loss Prevention Retail Crime Retail Security Retail Theft Shoplifting Shrinkage |
Author: Retail New Zealand Title: 2017 Retail Crime Survey Summary: Retail crime is a huge issue for the retail sector - costing the nation an estimated NZ Dollars 1 billion a year in losses. Ultimately, these costs are borne by consumers, so it's in everyone's interests to be working together to get crime under control. We are particularly concerned that criminals are becoming increasingly organised, brazen and violent. We don't want to see retail employees or customers put at risk by criminal behaviour. Our goal is to reduce retail crime, by working in partnership with our members, the Police, and other organisations with an interest in crime prevention; and for there to be real consequences for those involved in retail crime. We're calling for the Government to adopt a three point action plan for change, including: - funding a Retail Crime Taskforce within the Police, and setting clear targets for retail crime reduction; - funding a social change programme to change attitudes towards crime and anti-social behaviour; and - introducing a new infringement notice penalty for low-value offending. Details: Wellington, New Zealand: Retail New Zealand, 2018. 13p. Source: Internet Resource: Accessed August 18, 2019 at: https://www.retail.kiwi/system/resources/W1siZiIsIjIwMTcvMTIvMDcvNG9iNnh4ODY2X1JldGFpbE5aX1JldGFpbENyaW1lU3VydmV5UmVwb3J0LnBkZiJdXQ/RetailNZ-RetailCrimeSurveyReport.pdf Year: 2018 Country: New Zealand URL: http://www.retail.org.nz/advocacy/retail-crime Shelf Number: 157017 Keywords: Employee Theft Inventory Loss Loss Prevention Retail Crime Retail Theft Shoplifting Shrinkage |