When the 5th largest specialty retailer needed a more efficient and cost-effective loss prevention solution, they turned to HS Brands.
The Challenge
The past decade has presented some challenges for many retailers. This Top 5 retailers wanted to meet the problems with a more creative outsource approach. They needed, however, to maintain a large enough field team to cover over six hundred stores, while controlling costs, and getting better shrink results.
The Approach
HS Brands applied its loss prevention program to the challenge. HS Brands provided the field resources needed along with expert advice on how to effectively use those resources to minimize costs and maximize results.
In challenging, high-loss stores, HS Brands included a customized intensive care program to provide the extra oversight and assistance needed to reduce loss.
The Results
Within the first 12 months, the HS Brands team helped reduce store inventory shrink by nearly 10 million dollars. The retailer not only had fewer losses but the program decreased the costs of payroll and expenses.
The program’s success led to HS Brands managing the LP operations center and expanding their loss prevention services to the retailer’s international locations.
