“Pot Smoking Employee Gets Unemployment Benefits” That was the headline we saw in a recent discussion forum where a business owner had terminated an employee for smoking marijuana while on the job. No fewer than three people witnessed the employees stepping out of the back door of the business and lighting up a pipe […]
According to recent research, 68% of all retail shrink is preventable – this includes shoplifting, pilferage, merchandise theft, fraud, excessive discounting, paperwork mistakes, and more According to the same study only 21% of retail fraud is identified by the company after it has occurred – the resulting gap must be made-up through more effective retail […]
Multi-unit retail managers and store owners have to deal with the issue of employee theft on a regular basis. In fact, a study conducted by a leading university estimated that employee theft is responsible for 47 percent of retail store inventory shrinkage. That represents in excess of 20-billion dollars per year across the retail […]
According to the 2010 National Retail Security Survey, US retailers lose over $37 Billion dollars a year to inventory shrink. That accounts for approximately 2% of sales revenue, and for many retailers, that lost profit, and the implications it has for cash flow, is the difference between making a profit or going out of business. […]
Every year retailers lose millions of dollars to employee theft, shoplifting and other sources. The good news is that through increasing awareness and taking simple actions much of this loss can be prevented. Through a partnership agreement with the Loss Prevention Academy, Retail Training Services is proud to announce that it is offering a […]