Tag: loss prevention
Return Fraud: Why You Need to Analyze Refunds
Your return policy clearly states that you offer cash refunds only if a customer has a receipt for their purchase. But that person standing at...Identify Employee Theft
Employee theft often escapes detection because business owners trust their employees and don’t monitor their actions. But approximately 75% of employees steal from their employer...DIGIOP Identifies Excessive Employee Discounts at QSR
Many quick service restaurants offer meal discounts as a perk of employment, but some employees use their discounts inappropriately, giving discounted or free food to...Shoplifting Red Flags
United States retailers lose as much as $50 billion each year due to shoplifting. Thieves have become increasingly sophisticated about their methods – instead of...The Only Two Retail Loss Prevention Tips You’ll Ever Need
When you reduce theft in your business, you maximize profits. And while reducing theft is a common goal, protecting your business from theft is not...Improving Customer Experience in Retail
Every year it is becoming increasingly more difficult to draw customers into your retail store. One of the key strategies to increasing sales is through...Eliminating Theft at Self Checkout Lanes
When addressing retail theft, most people have an image of someone sneakily putting items into a bag and leaving the store. Although this may be...Retail Loss Prevention Strategies that Work
Business managers are aware of the cost of shrinkage on a profit sheet. But they may not be familiar with the retail loss prevention strategies...Loss Prevention Statistics
When you view loss prevention statistics, it is clear theft poses a major issue for all companies, regardless of size. Armed with knowledge and modern...Retail Cost-Cutting Strategies You Can Use
If a retail business wants to improve profitability, they typically focus on the revenue side. But other retail cost-cutting strategies may create more meaningful results...Business Intelligence in Data Mining
The arrival of big data has fueled business intelligence efforts. While business owners readily toss around buzzwords in this area, many seem to be confused...
Showing 12
of 22