Magazines Archives - 2008 March

Deal with causes to cap shrinkage: Expert advises
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LEARNING to cap shrinkage has proven to be one of the bigger challenges that retailers face today. In his book, Are There Holes in Your Cash Box?, author and loss-prevention consultant
George Lauzar recommends a novel approach to the issue.

Speaking to a wide audience of retail managers, loss-prevention professionals and students reading up on the subject, the book addresses issues surrounding the causes of shrinkage such
as shoplifting and internal theft, and suggests measures to tackle them.

The writer starts off with a simple overview on the causes of shrinkage, followed by anecdotes to explain various scenarios, making the book a light read while imparting lessons that otherwise can only be taught by experience.

The various loss-prevention measures laid out in the book range from implementing security and incorporating technology in the retail environment to minimising theft opportunities in store design.

Lauzar also dishes out advice to loss prevention officers on how to handle investigations without harassing the genuine shopper or upsetting the employee and still maintaining the integrity
of retail establishments. He also briefly highlights Singapore’s laws related to shop theft.

Drawing from his wealth of experience overseeing counter-intelligence and military security in the Singapore Ministry of Defence, Lauzar has been advising on loss-prevention programmes in private practice. He has received several commendations for his contributions to the industry and the community.


2008 March Stories:

POP & Signage Solutions - Technology ushers in a new era for signages in Singapore

Armani’s first travel-retail boutique opens in HK

Beijing Olympics boosting ad spend in China

L’Oreal to focus on men in Malaysia

Esprit looks to enter luxury market

Cartier appoints new regional manager

Competition outweighs customer needs in product launches

LG, GE in agreement to share patents for home appliances

Coty’s Rimmel goes to China

US gum-maker banks on Asia

Levi’s to close 36-year-old Manila plant

Deal with causes to cap shrinkage: Expert advises

Bond girl endorses Montblanc watch

New boardwalk to help boost economic growth in Sabah

Coming soon: MBO cineplexes across Malaysia

NRF 2008 – US retailers tackle green issues, grapple with looming recession

‘Go green’ gets big boost at annual convention

The Wal-Mart story: Making ‘Sustainability Sustainable

Store of the future

What do customers want from the shop floor?

Evolving business model: Sell solutions, not products

NRF Design Studio exchange: What makes for iconic identity?

Retail executives set new benchmarks in priorities for the year ahead

Interactivity with shoppers: Big trend

Who’s hot, what’s not on Wall Street’s list

NRF honours industry excellence

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