What are the different forms of losses that a retail store might likely experience?

[Fidelia]

A retail store is a very sensitive kind of business because profit margins are not that huge. And it is important for such a business to avoid any form of losses completely.

What are the different forms of losses that a retail store has to guide against so much so that it would not crash?

 

[Min George]

One way that a retail store might experience loss is through theft by customers and staff. A camera and proper monitoring should control that.

 

[eLdavis]

Some of the losses they might experience is goods going bad or expired in their store. They won't be able to sell or return.

 

[Augusta]

A retail store needs to guard against shoplifting, employee theft, return fraud, fake discounts, identity theft, etc

 

[Suba]

Some forms of losses in retail stores are often the lack of security systems and do not have CCTV so that it is easy for theft and fraud by buyers, besides the price factor is also very competitive if it is too expensive then the store will be quiet, lack of inventory management systems, etc.

 

[Augusta]

Operational errors can result in financial losses for retailers. so they need to be careful These errors include pricing mistakes, incorrect cash handling, incorrect selling price