Shrink In Retail
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This document discusses different types of theft that can occur at a retail store, both internally and externally, and how they sometimes go unnoticed due to paperwork errors or lack of oversight. It also questions ways to prevent internal theft, external theft, and paperwork errors to protect the store.
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The document discusses Digilock's Lockup solution for reducing retail shrinkage. It summarizes that shoplifting and employee theft are the main causes of shrinkage, costing the retail industry $44 billion annually. Lockup is Digilock's electronic locker system that allows employees to securely store belongings during shifts using personalized codes. This deters theft as employees cannot easily smuggle out goods. Lockup lockers can be audited by managers and are a cost-effective way for retailers to enhance security and reduce shrinkage.
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Shrink In Retail
- 2. Ways internal theft occur How internal theft goes unnoticed
- 3. Ways external theft occurs How external theft goes unnoticed
- 4. Mark downs Not knowing promotions Store returns???
- 5. How to prevent internal theft? How to prevent external theft? How to prevent paper work errors?