Loss Prevention

Comparing Top Markdown Methods for Short Dated Inventory

When it comes to choosing how a store, or even if, a store should markdown products expiring soon, there are many options to choose from and factors to consider. Are your shoppers drawn by big savings, or is the focus more on an upscale shopping experience? How much product will need to be marked down in any given week? Will you use the same strategy across all departments, or vary it based on storage requirements? Just to name few.

Save Some Dough – Reducing Dairy Dough Shrink

Have you ever walked into your dairy cooler and found a bunch of expired doughs among everything that had been pulled for the day?  This section of the store can generate shrink for a few different reasons, and we are going to walk through some of the tips and tricks of what to watch for and how to combat higher loss in this area.

Identifying Top Expired Grocery & Dairy Categories

Expired products spring up in every corner of a grocery store. Yet, there are key areas with a higher than usual density. These hot spots must remain top of mind to ensure a quality and fresh shopping experience. And while many of the influencing factors remain outside of a stores control – such as seasonality and declining category sales – how a store learns from these losses and improves management is.

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The Growing Problem of Organic Food Expiration: What AP/LP Professionals Need to Know

Organic foods, particularly produce, have risen in popularity among grocery shoppers throughout the past few years. According to the latest numbers from the Organic Trade Association, organic sales in the United States in 2016 reached about $47 billion, reflecting new sales of almost $3.7 billion—a clear surge as the food market overall remained stagnant. While…

grocery produce

4 Ways Supermarkets Can Build a Shrink Elimination Culture

Supermarket and retail shrink is a battle that may never truly end, but is increasingly being better handled by companies investing themselves in finding new ways to reduce it.

We’ve covered some of the specific tools and strategies supermarkets and retailers are using to win the war on shrink, but this time, we thought we’d step back to consider how leaders can power their shrink elimination efforts by making it a core pillar of their company culture.

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How Grocers Can Address Counterfeit

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. The use of counterfeit bills increases during the holidays. The large uptick in transactions during the holiday season means that stores can expect a reciprocal increase in customers using counterfeit cash….

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3 Ways Grocers Can Prevent Increased Holiday Fraud

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. Instances of fraud increase during the holiday season. Fraud is not always easy to catch the moment it happens, but training employees to follow standard procedures and always be vigilant can…

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How Grocers Can Manage Untrained and Overwhelmed Holiday Staff

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. The holidays put an increased burden on existing and seasonal staff and create opportunities for theft by both shoppers and employees. Follow the strategies below to minimize the stress put on…

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4 Actions Grocers Should Take to Reduce Holiday Theft

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. The holiday season brings more sales for grocers and supermarkets, but also brings a dramatic increase in property crimes and theft including shoplifting. Larger U.S. cities have reported a shocking 45…

How Inventory Cycle Counts Can Help Grocers Reduce Shrink

Roughly 16 percent of retail shrink stems from administrative paperwork errors, according to the latest National Retail Security Survey. While good accounting systems armed with proper protections can prevent costly pricing mistakes due to markups and markdowns, cycle counting your inventory can have a huge impact on shrink numbers as well. This practice, when implemented…