Inside Retail

MAY 25, 2023

Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 130

Retail TouchPoints

JUNE 15, 2022

Other retailers and QSRs are now seeing the value in controlling traffic flow and general store congestion by locating checkouts at more than one entrance, or expanding the area to reduce employee count and handle more transactions faster. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves.

Payment Services 256

Payment Services Checkout Shrinkage Fast Fashion 256

Mass Relators

OCTOBER 25, 2023

According to the National Retail Federation (NRF), retailers lost $112 billion due to shrink in 2022, up from nearly $94 billion in 2021. Eight in 10 favor a blend of online and in-store shopping, and 75% choose to shop with online retailers that have a brick-and-mortar location.

Checkout 52

Checkout Payment Services Shrinkage Returns 52

365 Retail

OCTOBER 12, 2023

Don’t Blame Shrinkage: Why Poor Digital Strategy Might Be Responsible for Retail Uncertainty While retail is a cyclical industry, it’s important to be honest about transformations, negative and positive, in the industry. Certainly, these elements make an impact. How, then, do retailers create a more “activist” frontline?

Shrinkage 113

Shrinkage Clienteling Outdoor Consumer 113

Retail TouchPoints

NOVEMBER 23, 2022

Pile all this on top of a sluggish economy and expectations for holiday spending in 2022 range from modest to bleak. AI-powered solutions with object and people detection can help retailers reduce shrinkage and improve safe shopping conditions. The expected bounce-back has, at best, developed slowly. The Smart in Smart Video.

Merchant Services 276

Merchant Services Shrinkage Store Layout Customer Experience 276

I Vend

FEBRUARY 6, 2023

At the same time, we’re seeing increasing stock outs, with 80% * of shoppers saying they saw a decline in stock levels in 2022. Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount). Why is single view of inventory important?

Inventory Management 98

Inventory Management Management Shrinkage Returns 98