Seven Key Steps to Loss Prevention Effectiveness in Convenience Stores
One of the biggest challenges facing convenience store managers is finding ways to reduce losses and shrink in their stores, because losses so clearly affect their bottom line. It may be just a handful of employees who are stealing from the till or inadvertently committing cashier errors, but that handful could represent the majority of the shrink for a typical c-store. Worldwide, the total employee theft cost is estimated at a staggering $52 billion. It's important to consider that the answer will not be found simply in technology, but rather technology combined with proper coaching and training of the employees can, and will, reduce your store shrink.