Retail Minded

MARCH 20, 2025

Theft and Organized Retail Crime Retail theft continues to be a significant issue with significant shrinkage in inventory. The loss, due to the shrinkage, reached $142 billion in 2023, a 25% increase from the previous year. Slip-and-fall accidents account for increasing emergency room visits. billion in 2024, costing 6.5

Merchant Services 94

Merchant Services Payment Services Management Shrinkage 94

Retail TouchPoints

AUGUST 4, 2023

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

NOVEMBER 10, 2022

Global ecommerce rose from 15% of total retail sales in 2019 to 21% in 2021. If you also account for the data companies possess but don’t fully understand enough to act on, you begin to scratch the surface of the challenges marketers and agencies face today. trillion today to $5.4 trillion in 2026.”.

Consumer 306

Consumer Advertising Shrinkage Marketing 306