Shrinkage in retail, a comprehensive update - Part2

  • warning: Illegal string offset 'type' in /home/retailri/public_html/modules/node/node.module on line 393.
  • warning: Illegal string offset 'has_title' in /home/retailri/public_html/modules/node/node.module on line 427.
  • warning: Illegal string offset 'has_title' in /home/retailri/public_html/modules/node/node.module on line 429.
  • warning: Illegal string offset 'title_label' in /home/retailri/public_html/modules/node/node.module on line 430.
  • warning: Illegal string offset 'has_body' in /home/retailri/public_html/modules/node/node.module on line 434.
  • warning: Illegal string offset 'has_body' in /home/retailri/public_html/modules/node/node.module on line 436.
  • warning: Illegal string offset 'body_label' in /home/retailri/public_html/modules/node/node.module on line 437.
  • warning: Illegal string offset 'help' in /home/retailri/public_html/modules/node/node.module on line 441.
  • warning: Illegal string offset 'min_word_count' in /home/retailri/public_html/modules/node/node.module on line 444.
  • warning: Illegal string offset 'custom' in /home/retailri/public_html/modules/node/node.module on line 447.
  • warning: Illegal string offset 'modified' in /home/retailri/public_html/modules/node/node.module on line 450.
  • warning: Illegal string offset 'locked' in /home/retailri/public_html/modules/node/node.module on line 453.
  • warning: Illegal string offset 'type' in /home/retailri/public_html/modules/node/node.module on line 456.
  • warning: Illegal string offset 'orig_type' in /home/retailri/public_html/modules/node/node.module on line 456.
  • warning: Illegal string offset 'is_new' in /home/retailri/public_html/modules/node/node.module on line 457.
  • warning: Illegal string offset 'name' in /home/retailri/public_html/modules/node/node.module on line 395.

Shrinkage levels in india at 3%, seriously? Perhaps yes, but the culprit is not the average consumer. For one the art of shoplifting has not achieved the status and maturity of western world, moreover in most of the stores, systems are designed by assuming that the customer is there to steal something (like checking the bags, bag deposits, frisking etc).  But if we take the data as given, what are the ways to stop this menace?

Anti-shoplifting options

Shoplifting can be prevented from taking place or can be detected once it has happened. Most of the retailers depend on both the strategies.

Examples of such options are:

Closed-circuit television:  CCTV records the retail floor activities and in case of any suspicious activities the authorities can refer the videos. Such videos are also very useful if the case goes into legal proceedings. CCTVs are both preventive and detective in nature, many shoplifting thoughts are nipped in the bud by the presence of such cameras. In many stores there are dummy cameras to fool shoplifters.


CCTV is more effective if used in conjunction with an advanced technology like EAS. While EAS system can alert of a potential shoplifter, the video can provide ample proof to prosecute the offender.

Electronic article surveillance EASEAS

Electronic article surveillance is a technological method for preventing shoplifting from retail stores. The EAS system monitors the merchandise, not the customer. Special electronic tags are placed on predetermined items throughout the store, and surveillance systems are placed at store exits which sound an alarm when tagged merchandise is detected. This technology is quite widely employed by the modern retailers these days.

 

Loss prevention personnel

Loss prevention personnel will patrol the store in a low key manner. They may try on merchandise and roam on the shop floor, all the while looking for signs of shoplifting and looking for possible shoplifters.

Uniformed guards 
In a country like India the presence of uniformed guards acts as a strong deterrent to shoplifting activity  

Baggage Counter

By not allowing the customers to take their bags inside, the store minimizes the chances of shoplifting or otherwise embarrassing moments of baggage inspection at the time of exit

Exit inspections 
Shoppers in some large stores are asked when leaving the premises to have their purchases checked against the bill. This is a mean to counter both shoplifting as well as internal thefts (an employee colluding with the customer and deliberating cutting the lower bill). In India some of the biggest chains are practicing this. 

Close customer service 
Floor attendants are instructed to greet, follow, and offer help with customer shopping. Shoplifters are not comfortable with this attention and will go somewhere else. 

Locked merchandise 
Some expensive merchandise (or something which is difficult to Tag or very easy to steal, like goggles, earrings etc) will be in a locked case requiring an employee to get items at a customer's request. The customer is either required to purchase the merchandise immediately or it is left at the checkout area for the customer to purchase when finishing shopping. This prevents the customer from having a chance to conceal the item.

 

Dummy cases 
Some stores will use dummy cases, also known as "dead boxes", where the box or case on the shelf is entirely empty and the customer will not be given the item they have paid for until after the transaction has been completed, usually by other Store staff. We see most of the mobile retailer opting for such dummies. Some companies might also use dummies to reduce the inventory load.

Personnel policy

The choice of store and security personnel can strongly affect the ability of shoplifters to succeed. A study conducted in US by National Retail Security Survey found a link between employee turnover (attrition) and shrinkage. The possibility of a newer employee attempting fraud is higher, because they have little at stake. Moreover they are new to the system and might not identify/stop a fraud compared to the old time loyalists. So it’s important to retain your good employees and it pays in many ways other than the obvious.

Test shoppers

Subject of testing is primarily the alertness of surveillance staff and of the staff operating in the shopping areas.

 

Retailers also have their own ways of minimizing shoplifting. Book shelves in Landmark stores are under 4 feet so as to give it an open space feel. All customers are always visible to sales staff in such settings.  Stores like MORE and Spinach keep the most frequently pilfered items (like razors and chocolates) placed next to the cash counter, under employee supervision. Pantaloons has set up a Perpetual Inventory system across all its stores to regularize weekly stock take of Top 100 high shrink articles. 

Similarly Shoppers’ Stop has divided all its products into three categories. Category A, which is checked four times a year, includes high-value and often-stolen items — jeans and dupattas.
Lesser value items are in category B and bulk and low-value items like imitation jewellery form category C, which is checked only once a year.

The shrinkages witnessed by Indian organized retailers are in the range of 0.3 per cent to 1.5 per cent of sales. Some of the most pilfered goods from new format stores include cosmetics, alcohol, women’s apparel, razors, perfumes, small electronic gadgets like CDs and video games. 

Indian retailers are not forthcoming with their shrinkage levels, perhaps because they are a bit high for most of them or maybe because most of them might not know the exact figures themselves.

An estimate of the shrinkage levels among Indian retailers is like:

Shrinkage level

Representative Retailers

Less than 0.5%

Shopper’s Stop, BATA

0.5% to 1%

Big Bazaar, Reliance retail, Vishal

1% to 1.5%

Spencer’s retail

More than 1.5%

Unorganized sector, mainly fancy & apparel shops

The recent downturn might have just changed the things a bit. The retailers who were blinded by the growth targets were finally forced to improve their efficiency by looking at their cost structure and shrinkage levels. We can hope that we will soon give up our top position in that rather unflattering list.

On the lighter side though “It requires real skills to defeat dozens of cameras & all these modern technologies : )”

Now as promised here are some interesting posters:

shop lift -2shop lift -2shop lift -1shop lift -1shop lift -No drugs. No shopliftshop lift -No drugs. No shopliftshop lift humorshop lift humorShoplifterShoplifter

Nike Air Huarache Homme the girl in close proximity

Nike Air Huarache Homme the girl in close proximity again, holes building. "No, you can expect to rest her own! Oh yeah, Jack port, do not take on the girl's away- you will definitely escape the girl's!In "Pooh!Within His dingy light brown arms snapped about the woman's hands, sealing snugly. "Want a fabulous Asian melt away? And you should not turn out to be this type of Baskets Nike TN, or simply I'll go ahead and enlighten Robert.Inside He / she packed the woman's dermis during perpendicular information before it again extended whitely, since Baskets Nike TN bought a doll's dresses and ripped. "Gimme, and I most certainly will undertake it very difficult!Inside "No! Will not, Interface, donrrrt! You might separate your girlfriend, I'm sure you certainly will! Wow, please go away her by itself! It isn't for those her own, be sure to!Half inch Despite the inappropriate golfing grip kid wrists she Nike Dunk Sky Hi Femme towards girl doll, weeping and also stomping. "Got it" Hughie whooped, since the toy doll slid in Meggie's surpassed forearms. Jack not to mention Hughie found the woman much like interesting as Meggie possessed; away from followed clothes, the petticoats not to mention prolonged, frilly storage. Agnes put disrobed while the children spurred and taken out during the girl's, causing one particular ft . within the backside from the woman's go, getting your girlfriend appearance downward the girl's spinal column, every last attainable contortion they would bring to mind. These required virtually no see with Meggie simply because the girl banded crying and moping; it didn't happen to the girl's to find assist, regarding inside TN Requin pas cher home people that couldn't deal with their personal struggles obtained scant benefit or perhaps consideration, and therefore journeyed for girls, too. This doll's fantastic curly hair tumbled lower, your beads flew winking to the long-term your lawn not to mention vanished. A new messy start dropped thoughtlessly over the deserted apparel, covering oil from your Nike Chaussure Enfant around it is satin. Meggie missing in order to your girlfriend knee joints, Nike Air Max 90 Essential seriously to assemble that modest outfits ahead of alot more hurt was done all of them, then your lady originated deciding upon among the list of type grass windmill at which this girl imagined a tahitian would've shed. Her crying are blinding the girl's, the despair within their heart brand new, for the purpose of previously she had under no circumstances managed everything worthy of grieving intended for

nike free run pas cher

Nike Free Run Le Café de la Danse remet le couvert et vous convie à la sixième édition de son Clap Your Hands Festival, qui se déroule du 28 au 29 avril 2016. Au menu ? Yanis, Is Tropical ou encore Theodora.Yanis, Niki Niki, Is Tropical ou encore Theodora vous attendent du 28 au 29 avril 2016 au à l’occasion de la nouvelle et sixième édition du Clap Your Hands Festival !Après Stornoway, Josh T Pearson, Lisa Germano ou encore Vandaveer en 2011, Ane Brun, Mariee Sioux et Gravenhurst en 2012, Jay-Jay Johanson, Sarah Blasko mais aussi BRNS en 2013, Micky Green, The Veils, Chris Garneau, Dillon ou encore Augustines, en 2014, puis Thurston Moore, Of Montreal, Tahiti 80, Bristol et Liset Alea l'an passé, place à la nouvelle et sixième édition qui vous promet un beau programme en perspective! 

Timberland Homme Pas Chers

timberland Homme  For those who like to purchase the economical shoes,you are able to explore it in the net.It is possible to uncover the boots that in shape for you personally. Constructing on the iconic silhouette using the nike air max footwear , Nike begins the oxygen Max Moire. indoors the label of homework, this season's air max 2011 footwear was remixed with mechanical equipment born by way on the oxygen Zoom Moire, Nike's major Nike+ empowered nike air max 2009 shoes. Produced by Mark Smith, the Moire's laser lessen ventilation method web-sites perforated openings from the only one wares no-sew bigger to offer strategically positioned assistance to tepid internet sites shut to into the leg while concurrently substantially minimizing yardstick excess weight.Works by using Mole's analysis to exemplify any variety into the oxygen most really latest nike air max 2010 is anything at all. The elastic build imagined, use symbolic module use tradition's in the matching time endorsed the use the latest progressive manner analysis and also the type, a only time won't have the consistent icon may be the key introduction.

hey everyone

hello

Retail Rise | tracking the Indian retail revolution

Gosto lendo um post que fará pessoas pensa.
Também, obrigado pela permitindo mim comentar!

meu net-work ... Tratamento Para Rugas Finas

Post new comment