How to Protect Retail Margins Using the Science of Statistics

| March 19, 2018

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The economics of retailing is changing, and with it the role of Loss Prevention/ Asset Protection. The responsibility to identify the root causes of loss due to procedures, policies, or systemic errors is being shifted to this department. As LP/AP shoulders these responsibilities along with the more traditional duties of preventing theft and fraud, combating organized retail crime, and ensuring safety, the department’s focus shifts to a goal of reducing total loss.

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OTHER ARTICLES

How to Boost Donations Through Online Point-of-Sale Fundraising

Article | February 17, 2020

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Google Enjoy Retail store Will take Down Controversial Infowars App

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7 Habits of Highly Effective Agile

Article | February 17, 2020

Software development is relatively new when compared to plumbing or electricity. We don’t have standard wire and pipe sizes or handbooks telling us how to “unclog” or “rewire” our testing problems, nor do we have licenses ensuring that we meet industry “code.”

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How retailers can be ready for busy sales seasons with proactive maintenance

Article | February 17, 2020

In the retail industry, holiday shopping accounts for about 20 percent of annual sales. In the final few weeks of the year, it’s easy for retailers to feel overwhelmed with not only an influx of shoppers but the added pressure of needing to tie up loose ends before January 1st. These weeks can make or break the year and creating a positive customer experience that’s memorable is essential for continued success. For this reason, retailers need to strive for 100 percent Brand Uptime in order to meet customer expectations, maximize sales and revenue, and deliver a positive customer experience. The preparation must have an omnichannel focus. It starts with digital realms such as ensuring your website can handle the influx of visitors in the weeks leading up to the new year as well as the months following. But for most retailers, the key factor will be how well they prepare brick-and-mortar stores for increased inventory and foot traffic.

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Spotlight

Socialize

Socialize is a socially-led creative & media agency, awarded as one of the most effective independent agencies in MENA by the Effies Index and ranked amongst Dubai's top 50 SMEs.

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