Most Effective Strategies for Increasing Retail profit
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 recognize this trend therefore continue to struggle.
Click Here!To Buy Now Your Own eBook!