Employee theft costs small businesses $10,000: ADT Security
While retail figures remain sluggish and retailers struggle to turn a profit new research has found that almost half of Generation Y employees admit to giving their friends or family discounts or even giving away merchandise.
Wed 09/02/2011 12:00:00 / Read More »JB Hi-Fi boss comments on Christmas sales and shrinkage
JB Hi-Fi CEO, Terry Smart, told Current.com.au that the electrical retailer reduces stock shrinkage through non-negotiable staff procedures and sales incentives, over reduced shrinkage incentives.
Fri 22/10/2010 12:00:00 / Read More »How to reduce stock shrinkage: expert advice
Customer service is the best way to reduce stock shrinkage in consumer electronics stores in Australia, according to the managing director of shrink management and merchandise visibility company, Checkpoint Systems.
Thu 21/10/2010 12:00:00 / Read More »Retailers worried about employee theft
According to the NSW Bureau of Crime Statistics and Research, shoplifting was up 5.8 per cent in 2009. While consumer theft is on the rise, retailers are still very concerned about the shrinkage from their own employees.
Wed 17/02/2010 12:00:00 / Read More »Supplier slams retailers over loss prevention
In response to a Current.com.au article on loss prevention yesterday, a leading supplier has slammed major retailers for their complacency and how they pass the buck when it comes to trying to quell shrinkage.
Thu 09/07/2009 12:00:00 / Read More »Shrinkage on average costs retailers 3% of sales
A recent global report on loss prevention has highlighted that shrinkage represents up to 3 per cent of retail sales, but surprisingly retailers are doing very little to stop this significant loss in profits.
Wed 08/07/2009 12:00:00 / Read More »
