Probably the biggest difference with other measures of retail loss is the breadth and depth of the loss categories included in the TRL typology. It now includes 42 categories of loss broken down into four areas: retail stores; the retail supply chain; E-commerce activities and corporate. It then breaks these into categories where the cause of the loss is either known or unknown and then where the cause is known, it differentiates between those that are regarded as malicious or non-malicious in nature. As such, it is regarded as the most comprehensive and well-defined approach to understanding the cost of retail losses to date.
Introducing New ECR Board Member, Stephen Teatum
2023 Video in Retail Innovation Summit - May 17th & 18th