If you lose your product through shoplifting or employee theft or a combination of the two having your merchandise stolen will sharply cut into your profit and not make your day. American Retail Supply is dedicated to helping you to Sell more, lose less, and protect your investment.
Employee theft accounts approximately 1/3rd of all loss in a typical retail store according to the NRTA and other sources. While employers like to believe that their employees are honest, employee theft is a huge problem. There is no logical reason to conclude that employee theft is not a problem at your store.
In the master’s thesis “Dishonest Associates in the Workplace: The Correlation between Motivation and Opportunity in Retail among Employee Theft” written in May 2009 by Edith M. Fikes some interesting factors were uncovered about internal theft from a retail store.
So, if you haven’t measured the shrinkage in your store and shared with your employees recently, carve out some time to do so and refresh your loss prevention techniques and/or your technology media.
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