Shoplifting happens for a number of reasons but do you know the most common and important elements of external theft? Learn about the underlying problems present with retail theft and what you can do about them.
Store theft and inventory shrink are business bummers that, left unattended, will harm the health of your business. Yet, despite this impact on both employee morale and bottom line profit, many independent retailers never take comprehensive action to minimize these problems and preserve their hard earned profit.
This week’s trend report, Retail Loss Prevention Essentials, highlights the important elements of a comprehensive profit preservation program. We will also discuss how loss prevention that isn’t well thought out actually deters sales, not just theft.
This week I review my recent competitive shopping trip of Portland's Hawthorne District and Downtown Portland. As a companion to Competitive Analysis for Independent Retailers, this field guide illustrates my process of competitive shopping and the valuable insights I gained.
How is your business year shaping up compared to your goals and expectations? Any time of the year is a great time to assess the most pivotal areas of your business and take action. Learn how to think long-term about your business success today and every day.
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#1 THE FUTURE OF RETAIL
#2 HOW TO DESIGN A FOOLPROOF BRAND EXPERIENCE #3 5 STEPS TO SELL SLOW-MOVING STOCK #4 CREATING A COMMUNITY (AND LOYAL CUSTOMERS) #5 LEARN WHY SHOPLIFTING HAPPENS AND HOW YOU CAN PREVENT IT ARE YOU LOOKING FOR MORE? When you do, you'll get insightful how-to resources, retail inspiration, and time-sensitive deals.
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BUILD RETAIL PROFIT IN SIMPLE, ACHIEVABLE STEPS
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HI, I'M CHRIS GUILLOT!
I made my first sale when I was eight years old and started teaching retail business classes at 20. Now, 23 years after guiding my first clients, I'm here to help you build more profit.
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