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Article: Garden Ridge.(CASE IN POINT)(Company Profile)
- Article from:
- Security Technology & Design
- Article date:
- February 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Cygnus Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While shrink is a fact of life for all retailers, executives at home decor and craft store Garden Ridge found their shrink rate of two percent of annual sales unacceptable. Although management had a general idea where the losses were coming from, it was impossible to implement effective LP policies if they could not pinpoint the specific causes of loss.
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In an effort to get shrink in check, Garden Ridge searched for a loss prevention solution that would help them identify the issues that were causing loss and facilitate their ability to respond. They didn't need to see operational and transaction ...