Retail Loss Prevention Webinar

Loss prevention is the most misunderstood function in retail.

      This is because the majority of retailers perceive shrinkage as shoplifting or employee theft.

      Loss prevention is first and foremost about the availability of merchandise on the shop floor.

      When the right merchandise are available at the right time, it reduces missed opportunity, boost sales and increasing store profit.

Indeed shoplifting and employee theft accounts for more than half of retail shrinkage.

      However, shoplifting and employee theft are usually symptoms of deeper structural problems within the retail organisation.

      In this retail loss prevention webinar, I walk you through a step by step process for identifying the root causes of your store shrinkage, and share with you strategies for reducing them.

You will learn:

  • How to identify the root causes of your store shrinkage
  • The role of store design and visual merchandising in shrinkage creation
  • The critical role of your supply chain in loss prevention
  • How to create an effective loss prevention strategy that will result in increased sales and profit.

Click on the image to gain immediate access to the webinar.

Click here to watch now

Retail Loss Prevention strategies webinar

Retail Loss Prevention strategies webinar

 

 

      The average retailer makes a 1% net profit out of each dollar, and the industry shrinkage percentage is 2.6%.

This means that shrinkage is almost three times the average retailer’s profit margin.

      If you take the above calculation into consideration, you will conclude that if you  reduce your shrinkage by 50% – from 2.6 cents to 1.3 cents, you could more than double your profit margin: from 1 cent to 2.3 cents.

      Instead of following the conventional practices of offering huge discount to entice shoppers, the above calculation shows that you have the ability to increase your profit margin without necessarily giving away your merchandise.

      If a business makes 1% profit margin and it does not take measures to reduce losses, it is only a matter of time before it calls in the administrators or go out of business.

      If you like to learn how to reduce your shrinkage so you can increase your profit margin, click on the image to gain instant access to the retail loss prevention webinar.

Click here to watch now

Retail Loss Prevention strategies webinar

Retail Loss Prevention strategies webinar

 

 

WHO IS THIS WEBINAR FOR?

  • Retail store manager
  • Retail regional managers
  • Retail department managers
  • Retail department supervisors
  • Individuals aspiring to become retail store managers
  • Retail loss prevention/asset protection managers or directors
  • Retail loss prevention personnel

 

WEBINAR BENEFIT TO RETAILERS

  • At the end of the webinar you will be able to:
  • Effectively perform your role as the key person responsible for loss prevention in your store
  • Competently assume leadership for loss prevention in your store
  • Effectively delegate loss prevention assignment to the appropriate member of staff
  • Create an effective loss prevention strategy for your store

 

WHY IS THE BUSINESS EDUCATION CENTER WELL-PLACED TO DELIVER THIS TRAINING

Retail shrinkage has always been perceived as shoplifting or employee theft.

      As a result of this perception, the approach to loss prevention in many retail organisations is focused on catching customers or employees suspected of theft.

      Consequently, the majority of loss prevention training heavily lean towards providing participants with the skills required to recognise and catch thefts.

The Business Education Center understands that retail shrinkage goes way beyond theft.

      We are aware of the fact that retail shrinkage is caused by process & systemic failure, opportunity and human factor.

      Therefore, we are the only training organisation in Europe that has designed a loss prevention training programme to encompass all of those challenges.

      Our trainers have been on the frontline of retail loss prevention for many years, therefore all the case studies and examples provided during the training session are based upon practical experience.

 

BIOGRAPHY OF TRAINER

      Romeo Richards’ first-hand experience within the retail industry and extensive knowledge of working in the security industry for many years, enabled him to develop the concept upon which the training modules are based.

Romeo has worked with Marks & Spencer, Tesco and Brantano.

      Romeo’s extensive knowledge of the Theory of Constraint (TOC) adds a new dimension to the presentation of retail loss prevention.

Romeo holds a Masters Degree in International Relations.

      He has written 23 books, numerous articles, whitepapers and best practices on retail loss prevention, store design, visual merchandising display and how to increase retail sales.

Click here to watch now

Retail Loss Prevention strategies webinar

Retail Loss Prevention strategies webinar

 

 

 

FIND OUT MORE

To learn more about The Business Education Center and our services please visit:www.romeorichards.com

 

Other retail training from The Business Education Center:

 

Shoplifting Retail Loss Prevention Training for Retail Manager

Click here for details:

http://romeorichards.com/shoplifting-retail-loss-prevention-training-programme-store-manager/

 

Shoplifting Retail Loss Prevention Training for Retail Associates

Click here for details:

http://romeorichards.com/shoplifting-retail-loss-prevention-training-programme-retail-associates/

 

How to Increase Retail Sales With Store Design, Visual Merchandising Display & Shoplifting Loss Prevention workshop

Click here for details: 

http://romeorichards.com/increase-retail-sales-store-design-visual-merchandise-display-workshop2/

 

The Business Education Center Retail Products:

 

How to Increase Retail Sales With Store Design & Visual Merchandising Display Home Study Course

Click here for details:

http://romeorichards.com/home-study-course-about-increasing-retail-store-sales-with-store-design-visual-merchandising-display-retail-shoplifting-loss-prevention-launch-discount-2/

 

Retail Store Design Blueprint Home study Course

Click here for details: 

http://romeorichards.com/home-study-course-about-retail-store-design/

 

Visual Merchandising display Home Study Course

Click here for details: 

http://romeorichards.com/home-study-course-about-visual-merchandising-display/

 

How to Influence Shoppers Buying Behaviour Home Study Course

click here for details: 

http://romeorichards.com/home-study-course-about-influencing-consumer-buying-behaviour/

 

Shoplifting Retail Loss Prevention Home Study Course

Click here for details: 

http://romeorichards.com/home-study-course-about-shoplifting-retail-loss-prevention/

 

 

 

Small Business Growth & Marketing Consulting Agency London

Small Business Growth & Marketing Consulting Agency London