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Magazines Archives - 2009 August

Philippine retailers act to stop loss
Story 6 - Focus

These are desperate times. Many leading retailers in the Philippines are facing a rising incidence of theft or inventory shrinkage, which has been blamed on the continuing economic crunch.

This means more headaches for retail operators already contending with customers’ weakening purchasing power and uncertainties over the turnaround time.

Jess Dilao, vice -president for human resources and administration of hypermarket chain Shopwise, states that store theft has grown by about 10% over last year. For basic consumer necessities like infant formula, the shrinkage increase is as high as 30%. Other favourites among thieves are small batteries and gadgets, as well as cigarettes, liquor and chocolates.

“When there is a crisis, people tend to become more desperate and bolder. What is alarming is that shoplifting syndicates are [recruiting] more minors, [deemed] safer to deploy to various establishments. When apprehended, minors are turned over to the Department of Social Welfare and Development and no cases are filed against them,” Dilao notes.

In an attempt to stop pilferage, Shopwise, which has seven stores in the country, with another due to open later this year, has introduced the Crime Prevention Through Environmental Design Program (CPTED). The CPTED advocates improving the layout of store display to make it more “security-friendly”.


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2009 August Stories:

Mobile Web and social networks - Part 1: The next big thing in marketing communications is already here and is totally awesome

HK’s Summer Sourcing Show draws new as well as quality buyers

Luxury retailers facing difficulties in a changing market environment

Explore ways to expand locally and overseas at FLAsia 2009

Should retailers police or prevent loss?

Philippine retailers act to stop loss

Integrated measures work for Thai retailers

Asian countries rank among the riskiest for business ...

RCG expects new TAF licence to boost sales

Packaging trends shifting towards sustainability and efficiency

Fujitsu Accelerator drives channel partners’ revenue

ShopTogether at Charlotte Russe’s portal

DHL builds more facilities in Asia to tap potential

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