Many of you still have concerns about shoplifting and what you can do to minimize it.
You can also take a look at the video below for more thoughts and ideas about what to do.
THE REAL WORLD RETAIL TAKEAWAY
Don’t let shoplifting have a negative effect on your bottom line.
Shoplifting exists. Admit it to yourself. It’s not going away. Best to work knowing that it’s there and always will be. Your goal is to minimize its impact.
Are you conducting your inventory twice a year to understand what your inventory shrink is? If not, you should be. It’s a way to keep tabs on what’s disappearing from your store. Anything more than a couple percentage points of shrink isn’t acceptable and could indicate a larger problem.
How are you managing shoplifting?
For more great retail tips, trends and news, follow me on Twitter.