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Tyco’s New Shrink Management Service Brings Data into Loss Prevention

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Shoplifting alone costs retailers $123 billion globally, and organized retail crime sucks another $30 billion out of the industry each year. Shrink remains a perennial threat to retail profit margins, and loss prevention provider Tyco Retail has developed a new solution to help combat this growing problem. “As the industry adjusts to the new normal…

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