20 years ago, after 15 years in Corporate Operations management and before I created ShrinkTrax and founded Trax Retail Solutions and the National Supermarket Retail Research Group, I found myself frustrated with the many seemingly intelligent people all trying to demonstrate their intellect by coining new phrases and esoteric methods. So I launched a lecture …
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6 Mistakes to Avoid in
YOUR War on Shrink
0
1. Get Out of Your Box. Reset, Refocus, Lead and Prepare for Change. Simple rule: you cannot continue doing what you have been doing and get a significantly bigger or better result. Leadership demands a vision of a more profitable future, a bias for action and a general intolerance for “average” or mediocre improvement. To …
Read MoreBackdoor Receiving 0
Tips for controlling Backdoor Receiving Fraud, Vendor Theft and Errors by Vendors and Dishonest Employees in supermarket and convenience store retail loss prevention.
Read MoreTime To Get Your Stock Levels In Line and Overall Inventory Under Control 0
In the wake of the holiday business, January becomes a critical time to get stock levels in line and overall Inventory under Control. The 2012 National Supermarket Shrink Survey states there exists a clear thread of practices associated with the control of inventory, inventory turnover and inventory management with resulting shrink loss levels. Top performing …
Read More‘Tis the season to steal 0
By SARAH SKIDMORE, AP Retail Writer – 3 days ago More than spirits are being lifted this holiday season. During the four weeks leading up to Christmas this year, an estimated $1.8 billion in merchandise will be shoplifted from U.S. retailers, according to The Global Retail Theft Barometer, a survey of retailers worldwide. That’s up …
Read MoreTime to Review Back Door Control and Receiving Standards 0
Shrink historically goes up 17+% during the holidays and with the increase in Receiving activity due to the holidays, now is a GREAT time to review back door control and receiving standards. Receiving errors, theft, misdeeds and inefficiencies accounted for 7% of the total store shrink in the average respondent supermarket for a loss of …
Read MoreHoliday Season Supermarket Heists Caught on Camera: More Food Stolen at the Checkout Counter 0
This article is from ABC New Nightline. Read the original story here Many of us have been shopping for a turkey this week, but a few have been grabbing some extra “stuffing.” As supermarkets security cameras across the country have captured, there usually a sudden 25 percent spike of people stealing groceries, according to Larry …
Read MoreSTOP THE SHRINK 2012 WEBINAR 0
Causes & Cures for Store Shrink From The National Supermarket Research Group 2012 National Supermarket Shrink Survey. Tuesday, Wednesday or Thursday (11/22, 11/23, 11/24) this week at 10 am or 3pm Register now at http://ez.com/shrinkcontrol
Read More6 Trends in Loss Prevention and Store Operations Control for 2012 0
The following trends come from 3 primary sources. (1) The 2012 National Supermarket Shrink Survey, (2) Supermarket Executive Interviews by The Retail Control Group, and (3) 36 Store-level “Causes & Cures” Profit Audits conducted in 2010-2011. Trend #1 – Theft. Theft is always a topic of concern when it comes to shrink, with 29% of …
Read More9 Keys to Leadership Breakthroughs and Execution Excellence 0
Harvard Business School research shows that 90% of strategies fail due to poor execution… Begin with a simple premise: if programs and strategies fail due to poor execution, the bigger question is “why” do we suffer poor execution? The simple answer: people do what they know how to do and what they are required to …
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