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 […]