Inside Retail

JUNE 6, 2021

Retailers face continual challenges with increasingly sophisticated shoplifters causing in-store ‘shrinkage’. The FoxTag detacher is designed with additional security features to help reduce stock shrinkage and increase store profitability. In May 2021 FoxTag announced its latest strategic partnership with Vitag in Australia.

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Loss Prevention Shrinkage Shopping Returns 243

Retail Dive

SEPTEMBER 16, 2022

In response to shrinkage concerns, retailers expect to spend more on loss prevention and technology, a new NRF survey found.

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Shrinkage Loss Prevention 122

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. The facility had been destroyed by a 2021 tornado that killed six employees.

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Merchant Services Payment Services Management Shrinkage 94

Retail Wire

JANUARY 19, 2023

percent in 2021, down from 1.6 Retailers have pointed to a rise in organized retail crime as a prime driver of shrinkage in the U.S. The average shrink rate as a percentage of retail sales was 1.4 percent in 2020, based on National Retail Federation figures.

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Shrinkage 130

Retail Wire

OCTOBER 3, 2023

retailers and other delivery customers are gaining the upper hand in negotiations with UPS and FedEx, securing discounts, a reversal from 2021 and the first half of 2022. Demand shrinkage has led both companies to fight for business, resulting in opportunities for customers to reduce shipping costs. After more than four years, U.S.

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Shrinkage Shipping 113

Retail TouchPoints

NOVEMBER 7, 2023

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. increase in ORC incidents between 2021 and 2022. The report also found that there was a 26.5%

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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. It now sits at an estimated 22% of all sales, according to a 2022 Morgan Stanley global ecommerce forecast report , which notes that “Over the long term, the ecommerce market has plenty of room to grow and could increase from $3.3 trillion today to $5.4

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Consumer Advertising Shrinkage Marketing 306