EAS systems are one of the most recognizable and widely employed loss prevention technologies on the market today. We are all familiar with the electronic sentries guarding the exits to department and grocery stores, however, there continues to be a lack of understanding about what exactly these technologies are, and what they’re designed to accomplish.
Inventory management is one of the most difficult tasks in the apparel industry. When everyone else in the industry is focusing on styles, trends, and tastes you can stay on top of the demand curve when you order mannequins and leg forms to showcase your products. This will help you with inventory management and transform your apparel business. Besides the traditional inventory management practices, there are specific strategies in the apparel industry that should be followed. Such strategies will help you dispose of products whose popularity is declining and order next season's products.
If you lose your product through shoplifting or employee theft or a combination of the two having your merchandise stolen will sharply cut into your profit and not make your day. American Retail Supply is dedicated to helping you to Sell more, lose less, and protect your investment.
Employee theft accounts approximately 1/3rd of all loss in a typical retail store according to the NRTA and other sources. While employers like to believe that their employees are honest, employee theft is a huge problem. There is no logical reason to conclude that employee theft is not a problem at your store.
In the master’s thesis “Dishonest Associates in the Workplace: The Correlation between Motivation and Opportunity in Retail among Employee Theft” written in May 2009 by Edith M. Fikes some interesting factors were uncovered about internal theft from a retail store.
So, if you haven’t measured the shrinkage in your store and shared with your employees recently, carve out some time to do so and refresh your loss prevention techniques and/or your technology media.
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