Shrinkage takes a bite out of a business’s bottom line. According to the Global Retail Theft Barometer, inventory shrink amounts to almost $42 billion annually for U.S. retailers, or nearly 1.5 percent of sales. Join Macy’s John Matas CFE, CFCI and American Eagle Outfitters Inc.’s Ben Borer LPC to learn how to start the conversation between management, LP and sales teams. You’ll discover how to use existing shrink and sales data and specific key performance indicators to make the business case for a strong in-store shrink program.
- Challenge traditional expectations of LP’s approach to shrink reduction.
- Elevate management’s understanding of shrink impact and business acumen.
- Take practical steps in developing a company-specific shrink impact tool.