The Ultimate Guide to Retail Loss Prevention Excellence

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Retail Loss Prevention Strategies Examples
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What Is Shrinkage?
Types of Retail Loss
Strategies
Examples
Overview
Contact Information
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What Is Shrinkage? 
Shrinkage, in the context of retail and business,
refers to the loss of inventory or assets that
can occur during various stages of the supply
chain and sales process. This loss can be
intentional or unintentional and is typically
measured as a percentage of sales or inventory
value.
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4 Common Types of Retail Loss 
Retail loss, or shrinkage, can occur through
various avenues within the retail
environment.  Here are some common types of
retail loss
Administrative Errors
Shoplifting
Employee Theft
Return Fraud
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• Train employees on loss prevention policies and
  procedures.
• Foster a culture of awareness and vigilance among
  staff.

Employee Training and Awareness

• Implement thorough background checks before
  hiring employees.
• Verify references and past employment history.

Hiring Practices
Strategies for Retail Loss Prevention

• Use technology such as CCTV and monitoring
  systems to deter theft.
• Regularly review and analyze surveillance
  footage.

Surveillance Systems

• Limit access to sensitive areas of the store to
  authorized personnel.
• Use key cards or biometric systems for secure
  access.

Access Control
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Examples
Innovative Store Layouts Some retailers, like
CVS Pharmacy, strategically design store layouts
to minimize blind spots and enhance visibility.
RFID Technology Retailers like Zara and Macy's
have successfully employed Radio-Frequency
Identification (RFID) technology to track
merchandise in real-time. Data Analytics and
Predictive Modeling Retailers like Target use
advanced data analytics and predictive modeling
to identify patterns of suspicious behavior.
EAS Systems Electronic Article Surveillance
(EAS) systems, which include security tags and
alarms, are widely used by retailers like Walmart.
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