Case Study: Five Below reduces fraud and shrink with Agilence

Five Below Builds a Better Asset Protection Department with Agilence

Five Below, one of the fastest growing retailers in the country, needed to build an asset protection department from the ground up while supporting rapid growth. Without effective reporting software, the team relied on Excel, IT-generated reports, and manual analysis to find trends and anomalies, which slowed down Asset Protection, Sales Audit, and Store Operations. Agilence was selected to provide a scalable data analytics solution for these teams.

Agilence helped Five Below quickly identify fraudulent behavior and transaction-level issues, while reducing the need for IT involvement in report creation and distribution. The results included more than $225,000 in fraud identified in one year, an estimated $700,000 in inventory shrink identified in the first year through misused SKU detection, 80+ IT hours saved annually, and more than 200 Asset Protection hours saved each year.

Five Below

Gregg Smith

Senior Director of Asset Protection