by Lindsey Thompson | Aug 21, 2023 | Industry News, Operational Insights
Total Retail, which provides retail executives with the latest news and analysis on the retail industry, conducted a survey of its audience to gain insights into how companies are using technology and how they plan to allocate future technology spending. The 150...
by Lindsey Thompson | Aug 1, 2023 | Industry News, Operational Insights
Costing businesses money and peace of mind, shrink takes a toll on the retail industry, especially on independently owned and small- and medium-size businesses. The National Retail Federation’s (NRF) National Retail Security Survey 2022 discovered retail shrink, which...
by Olivia Shroyer | Jul 31, 2023 | Industry News, Operational Insights
The average store loses nearly $47,000 (or 1.6% of sales) each year to shrinkage, according to the 2022 Cost of Doing Business Study from the North American Hardware Association (NHPA). That’s enough money to hire another employee, buy a delivery vehicle or add to...
by Lindsey Thompson | Jul 20, 2023 | Industry News, Operational Insights
Costing businesses money and peace of mind, shrink takes a toll on the retail industry, especially on independently owned and small- and medium-size businesses. The National Retail Federation’s (NRF) National Retail Security Survey 2022 discovered retail shrink, which...
by Lindsey Thompson | Oct 24, 2022 | Industry News, Operational Insights
In its annual retail survey, the National Retail Federation (NRF) found that retail shrink is an almost $100 billion problem. NRF’s Retail Security Survey is an annual survey of retail loss prevention professionals that covers national retail security issues such as...
