Month: March 2011

Store Shrink Results Matter

Strack and Van Til Reduces Store Shrink and Improves Profit with Aggressive Store Operations Control Program Company Background – Strack and Van Til, LLC [frame_left alt=”store shrink” title=””]https://secureservercdn.net/198.71.233.227/dc4.842.myftpupload.com/wp-content/uploads/2011/03/losspreventionimage2.jpg [/frame_left]One of Chicagoland’s leading grocery chains, Strack & Van Til (SVT) operates about 30 supermarkets in and around Chicago and northern Indiana. Stores operate under the banners …

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Loss Prevention Leadership

Driving Store Profit Requires Focused Loss Prevention Leadership Driving retail store profit through smarter Loss Prevention requires an open mind, a willingness to change and focused Loss Prevention Leadership. Smart Loss Prevention and shrink control is an “evolution”. It involves the use of shrink control best practices, excellent behavioral programming and the use of the …

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7 facts about retail shrink that will blow you away…

According to recent research; 68% of all retail shrink is “preventable”. (Result: Best in class companies add 50% more profit to their bottom-line than “average” companies.) According to the same study only 21% of Fraud can be post-identified if not “prevented”. (Solution: Professional Data Investigators and Analysts using the newest “transaction-level profiling” techniques can improve …

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Shrink Prevention On Purpose

Employee Turnover is long recognized as being one of the Top 5 problems or business concerns plaguing retailers. The obvious costs associated with the challenge of finding, hiring and keeping associates is: recurring new hire training costs, added general labor costs, reduced productivity, less than optimal customer service, and of course, a 20-30% negative shrink …

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10 Ways Dishonest Vendors Steal from You

Delivery Men/Vendors are not always honest! Here are 10 ways that dishonest vendors contribute to your inventory shrink loss: Overcharging for merchandise brought into your store. Reporting false quantities. Bring in spoiled, damaged or out-dated merchandise. Removing products by actually stealing or manipulating. Removing products without credit. Substituting lower cost merchandise for higher cost merchandise …

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