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  • Wal-Mart Shrink on Rise

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

    http://www.securityinfowatch.com/onl...se/11393SIW379

  • #2
    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.
    Retail Security Consultant / Expert Witness
    Co-Author - Effective Security Management 6th Edition

    Contributor to Retail Crime, Security and Loss Prevention: An Encyclopedic Reference

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    • #3
      Originally posted by Security Consultant View Post
      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.
      "Every betrayal begins with trust." - Brian Jacques

      "I can't predict the future, but I know that it'll be very weird." - Anonymous

      "There is nothing new under the sun." - Ecclesiastes 1:9

      "History, with all its volumes vast, hath but one page." - Lord Byron

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      • #4
        stop hiring illegals!!!!

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        • #5
          Originally posted by Hospital Security Dude View Post
          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.

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          • #6
            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.
            Retail Security Consultant / Expert Witness
            Co-Author - Effective Security Management 6th Edition

            Contributor to Retail Crime, Security and Loss Prevention: An Encyclopedic Reference

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            • #7
              Originally posted by Chimpie View Post
              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?
              ATTN. SPECOPS AND GECKO45 my secret username is CIDDECEP and I am your S2. My authorization code is Six Wun Quebec Oscar Fife. Your presence here is tactically dangerous and compromises our overall mission parameter. Cease and desist all activity on this board. Our “enemies” are deft at computer hacking and may trace you back to our primary locale. You have forced me to compromise my situation to protect your vulnerable flank. This issue will be addressed later.

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