ON THE NEWS
From the article Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way by Dominick Reuter (Business Insider, Sept. 23, 2023):
All four retailers prioritize having knowledgeable, helpful staff and have high levels of customer engagement.
"We just have more employees in our stores and they just do an exceptional job of watching out over our stores," Barrie said of Best Buy.
Meanwhile, a typical Tractor Supply location may have as many as eight people working in a relatively small, 20,000 square-foot store.
For Ellison at Lowe's the best investment was simple: "Having spent my entire adult life in retail at every level, the one thing that I understand clearly is that the greatest deterrent for any type of theft activity is effective customer service."
Yet another Economics
1 comment:
FYI email sent to dreuter@insider.com (Dominick Reuter) - the author of the ON THE NEWS article.
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