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Most Effective Strategies for Increasing Retail profit
Posted by Romeo Richards on Sep 14, 2011 in | 0 comments
Last year the retail industry spent $26 billion on loss prevention. However, in the same year, the industry lost $107 billion to shrinkage. This has been the phenomenon for the past 10 years in the retail industry. Loss prevention spending keeps increasing yet retail shrinkage continues to rise.
There is a direct linear relationship between retail shrinkage and
retail profit. When shrinkage increases, profit decreases. When
shrinkage decreases, profit increases. Many retailers have failed to
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