Understanding Shrinkage in Retail: Causes, Consequences, and Strategies for Mitigation
Shrinkage in retail refers to the difference between a company’s inventory and its actual stock levels, often resulting from theft, shoplifting, administrative errors, or other forms of loss. This phenomenon is a significant concern for retailers worldwide, as it directly impacts their profitability and competitiveness. In this article, we will delve into the world of … Read more