Canadian Retailer: Loss Prevention
(All files in .PDF form; Adobe Acrobat required to read them.)
- Forget flashy strategies and in-your-face tactics
Together, Waldron and Tapley oversee the four-member Loss Prevention department at Toronto-based Danier Leather Inc. He's the director, she's the manager and in the past five years they have chopped shrink at the 91-store chain from 1.02 per cent of annual revenues to less than 0.5 per cent — good enough to save their employer some $800,000 annually and earn Danier a 2007 Excellence in Retailing Award from Retail Council of Canada.
- Out of the Fitting Rooms, into the Profits
When people talk shrink in fitting rooms, it's not about the quality or the sizing of the clothing. For the likes of Le Château, whose biggest outlet store in Montreal has 20 fitting rooms — and a demographic that's high on the radar screen for theft — this area of inventory shrink is one that deserved some extra attention.
More Articles
Retailer's Guides
The Retailer's Guides are a series of informational brochures produced by Retail Council of Canada with the independent retailer in mind.
- Beating Shoplifters at their Game
A large part of the loss prevention game is deterrence. Creating an environment that tells thieves "You're not welcome" is the first and most important part of protecting your store.
More Retailer's Guides
Loss Prevention Newsletter
More LP Newsletters
Education Solutions
Winning Retail 2nd Edition
(Source: Industry Canada/The Graff Retail Group)
Chapter 10: Loss Prevention
What you will Learn
- Why control of shrinkage is so important to successful retailing.
- How to measure shrink.
- The different types of shrinkage.
- Benchmark statistics to use in assessing your store.
- How to perform a physical inventory.
- How to reduce shrink.
Supplier Directory: Loss Prevention Services
- Are you looking for better ways to protect your business and employees? Check out RCC's Supplier Directory, a list of RCC associate members that are ready to provide you with products and services that can help you make the most of your design budget.
- Are you a supplier interested in being listed in RCC's directory? By joining RCC as an associate member, you not only get a free listing, but you have full access to RCC's Members-only Web site and other key resources. Click here for more information on becoming a member.
Members-Only Cost-Savings Programs
- Interac Association Merchant Education Tool Kit — Merchants have an important role to play in helping to combat debit card fraud and Acquirers and payment service providers can assist by providing them with information and advice. The materials in the Merchant Education Tool Kit are in ready-to-use pieces in PDF that can be printed or emailed to your customers and, to cut-and-paste/adapt into your proprietary communications to customers.
- COUNTERFEIT DETECTORS & CASH COUNTING SYSTEMS with Gemsys — Gemsys' comprehensive product line of currency, coin and counterfeit detectors are fully supported by a team of field service technicians. Gemsys prides itself on providing clients with cost-effective solutions in cash automation. Members can purchase the Omega 2000 Complete Money Manager for only $1,395 for Members (regular price $1,595) and the IRD-150 counterfeit detector for only $250 (regular price $275).
- SECURITY SERVICES with Group 4 Securicor — G4S Cash Services is Canada's leading provider of cash services with more than 50 locations across the country. As the largest worldwide security services provider, they are in a unique position to manage all of your security requirements. RCC Members receive 10% off new contracts.
More Cost-Savings Programs
Canadian Retail Institute (CRI)
- Are you looking for tools to help your sales associates better understand the art of creating an exciting store layout? RCC offers a Sales Associate training program and Module 6 covers just this subject. If you'd like more information on just this module or the entire training program, visit the Canadian Retail Institute (CRI) or contact our education department at (888) 373-8245; e-mail: education@retailcouncil.org.
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