Jun
28
2017
National Study Reveals Increased Retail Shrink
Alex Giauque Company News, Loss Prevention Blog 0
National Study Reveals Increased Retail Shrink A recent study completed by the University of Florida revealed that thefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016! This is an increase from $45.2 billion the year before, which means there was a $3.7 billion increase! Today, it is more important than ever to spend your Loss Prevention budget wisely to ensure you maximize your company profits! ISS specializes in providing high-quality loss prevention solutions that WILL reduce your shrink levels at prices that WILL save you money! For details on the full study performed by the
Jul
16
2015
Statistics from NRF 2015
Alex Giauque Company News, Loss Prevention Blog 0
Statistics from NRF 2015 With the conclusion of NRF, the team at ISS would like to share some of the main focus points that were brought up. In an article written by Kathy Grannis Allen of nrf.com, she discusses the results of a new study that was released from NRF PROTECT. The study surveyed 100 senior loss prevention executives from various sectors of retail, spanning 45 countries, in March and April 2015. According to the study, “retailers say inventory shrink averaged 1.38 percent of retail sales, or $44 billion, in 2014”. Specifically, retailers surveyed estimate that shoplifting accounted for the largest