Wal-Mart Shrink on Rise

[SIW Editor]

Interesting -- shrink increasing at one of the biggest of the big boxes

http://www.securityinfowatch.com/online/Retail/Wal-Mart--Shrink-on-the-Rise/11393SIW379

[Curtis Baillie]

Their shrink is trending towards a figure just over 1% for the year. Many retailers would love to have a shrink number of 1%. That said, the changes in their LP program including the "reported" dollar amount before a thief is prosecuted is having an impact. WalMart has commented to some extent - talking about increased losses from internal, external theft, vendor fraud and increased inventory levels (meaning sales are down).

I, among many others, believe a retailer cannot "catch" their way to low shrink, but you can't just give away the farm either. Look for WalMart to bring back a more structured LP porgram to their stores.

[SecTrainer]

I, among many others, believe a retailer cannot "catch" their way to low shrink....

A vigorous reactive component is important, but it takes proactive measures to close down opportunities, and that's where real shrink reduction is done.

[Hospital Security Dude]

stop hiring illegals!!!!

[Chimpie]

stop hiring illegals!!!!

What does that have to do with anything?

I've worked in retail management and I can tell you that none of the people we busted for internal theft were illegals.

[Curtis Baillie]

Chimpie - I would agree with you. In more than 20 years in retail loss prevention I have never come across an "illegal" case. I have had numerous cases where convicted criminals used a faux SSN number to gain employment though.

[Minneapolis Security]

What does that have to do with anything?

I've worked in retail management and I can tell you that none of the people we busted for internal theft were illegals.

How do you know their legal status?