The TRL concept is designed to be flexible, capable of changing as the retail risk profile changes, along with retailers’ capacity to measure it. As such the first version of the TRL typology published in 2016 included 33 categories of loss, while the second version, published in 2018, had 42 categories. Although the concept suggests it covers all forms of loss, ‘Total’ Retail Loss, is in fact based upon only those categories of loss which are described as being Manageably Measurable and Meaningful to the retail utilising it. To review the current range of categories of loss included in the typology, click here to visit the Total Retail Loss research or click here to view the latest blogs on Total Retail Loss.
Introducing New ECR Board Member, Stephen Teatum
2023 Video in Retail Innovation Summit - May 17th & 18th