6 Loss Prevention Strategies for Grocery Stores
A successful loss prevention strategy is critical to a grocery store’s profitability. Data from 2020 shows that for grocers, retail shrink makes up 2 to 3 percent of an average grocer’s revenue, a significant share when profit margins are often very narrow.
Although margins are already slim, grocery retailers can often find sustainable, long-term profitability by improving their loss prevention efforts. In this guide to loss prevention in grocery, we will go over the unique LP landscape of a grocery store and our top strategies to reduce shrink in grocery stores.