Security Director's Report

Shrink averages 1.54% of annual sales, according to the newly released 2004 National Retail Security Survey by the University of Florida’s Security Research Project (www.crim.ufl.edu/research/srp/srp.htm). How can you reduce shrink? One sure way is to target more money for loss prevention. Retailers with shrinkage rates below the average spend .59% of annual sales on loss prevention; while retailers with above average shrink spend just .50% of sales…