Retail loss prevention (LP) is an increasingly significant problem costing the industry nearly $100 billion annually, according to the National Retail Security Survey (NRSS).¹ In the study, on average, retailers saw a 26.5% increase in organized retail crime (ORC) incidents last year. And while LP isn’t a revenue generator, reducing it protects margins and contributes to profitability by mitigating the need for price increases to compensate.
In this recent whitepaper, TransUnion® explores tactics that help retailers effectively mitigate fraud and theft-related shrink, as well as highlight solutions to broader business challenges impacting loss prevention.
TransUnion examines:
Common fraud trends severely impacting retailers
What a successful loss prevention strategy must contain to help protect margins
Key channels that need to be managed for loss prevention
¹National Retail Security Retail Security Survey 2022
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