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SHRINK RESEARCH
Executive Summary
Sources of Shrink Loss
Shrink by Category
Shrink from Operations
Shrink from Theft
Measuring Shrink
Shrink by Department
Perishable Shrink
Non-Perishable Shrink
Automation and Technology
Shrink Survey Resources
Best Practices
WHERE'S MY SHRINK?
TRAINING
ENGAGEMENT
IMPLEMENTATION
ABOUTShrink from Theft
36% of all reported shrink was attributed to theft and or misdeeds.
Theft is that class of inventory and/or profit shrink caused by the stealing, pilfering, larceny, and other misdeeds resulting in product and profit loss. Theft is intentionally caused by employees, customers, or vendors and is tracked in four primary categories:
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No thief wants to get caught. Consequently, when an atmosphere is created in which people do not believe they cannot steal without being detected - and they fear the consequences of dishonest actions - theft is minimized. Smart companies have determined that a theft-resistant atmosphere can be created if effective tactical (policies, procedures, methods) and strategic (visibility, education, awareness) approaches are adopted.
While shrink from theft and misdeeds accounts for 36% of all store shrink, 29% of theft related shrink is controllable. A focused and effective program to curtail theft related shrink loss could yield a $55,364 profit improvement opportunity in the average store.
For additional questions regarding categories of shrink loss, operational best practices, or higher profit, call 602.448.8502 or email info@wheresmyshrink.com.
