Fix 7 Flaws in Your Loss Prevention Policies and Procedures
Loss prevention policies and procedures deserve board-level attention because Australian retailers lose an estimated AUD 5–7 billion annually to shrinkage, with external and internal theft making up roughly 60–70% of that total, and many mid-sized chains seeing shrinkage around 1.2–1.5% of net sales according to Garda's overview of loss prevention strategies. Most businesses still treat […]
7 Steps: Loss Prevention Training for Retail Employees
Loss prevention training for retail employees matters because retail risk in Australia is no longer limited to missing stock. Store teams are dealing with theft, refund abuse, process breakdowns, aggression, and daily decisions that can put staff safety at risk if training is weak. At GM GROUP Services, we see the same pattern across supermarkets, […]