Prevent Theft

Store owners and employees generally believe that catching a shoplifter in their business is the ultimate victory over the thief, and it definitely does have value as a deterrent to that particular shoplifter.

But in another sense, it is a shortcoming on the store’s part because the overall effort to prevent theft by shoplifting has failed.

Loss prevention, the effort to control and prevent retail theft, requires a planned, comprehensive strategy ranging from shrink awareness training of employees to basic controls over inventory and accounting.

The results of a loss prevention program will have a positive effect on profitability as well as productivity.

The prevention or recovery of $1.00 in shrink at a 5% net profit is equal to the profit from $20.00 in sales to the bottom line, making reduction very cost effective.

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