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The industry-wide affliction generously referred to as “shrink” seems destined to remain a permanent financial headache for retailers. Typical shrink/loss rates of 1-2% may sound insignificant to those outside the industry, but these percentages mean that U.S. retailers stand to … Continue reading
Monthly Archives: August 2011
“Only You Can Amplify Profits” – Employees play a key role in margin growth
Retail corporate managers often see only two traditional avenues for improving their profit margins. One is to seek economies of scale through organic growth – add stores to drive up sales volume. The second is to try to cut overhead … Continue reading
There is always room for Retail Profit Amplification
Retailers are always looking for new ways to increase profits – and many have implemented effective strategies to create growth. Leading retailers with above average performance are characterized by having strong management teams, established margin protection programs, have historically demonstrated … Continue reading
Retailers Get Complex
It is well known that retailers have a complex operation – but few understand just how multifaceted a system it can be in today’s marketplace. Today, retailers have increasingly intricate operations, lots of integrated data, reporting, score carding and an … Continue reading
Is that an opportunity I smell?
In the Loss Prevention world, there is a strong culture and history around the way loss cases are being generated. When faced with a decision whether to create a case or not, the LP manager or analyst will usually spend … Continue reading