Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. You are optimising the value of that product by discounting at the right time, rather than too early.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Star Miconics

APRIL 12, 2024

Modern Labeling Technology The teams at these shops must ensure they work accurately; mistakes and shrinkage can account for 4-10% of inventory loss. Café and Coffee Shop Sticky Label Printer ROI Investing in a high-quality sticky label printer can yield substantial returns for your café or coffee shop.

Shopping 59

Shopping Shrinkage Kiosk Returns 59

Wiser

JANUARY 12, 2021

In this short guide, we’ll look at what keystone pricing is, when and how you should use it, and how it compares to similar pricing strategies. Doubling the wholesale cost allowed retailers to take into account fixed and variable costs, such as coupons, theft, returns, and other common margin-eaters while still turning a profit.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

Retail TouchPoints

NOVEMBER 7, 2023

Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. 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 report also found that there was a 26.5%

Loss Prevention 258

Loss Prevention Shrinkage Returns Payment Services 258

Retail TouchPoints

AUGUST 22, 2023

Marketplaces are required to collect and verify information — government IDs, contact details, bank accounts and tax identification numbers — of any seller that conducts more than 200 transactions and grosses a minimum of $5,000 in a 12-month period. When fraudsters’ identities are hidden, they are free of accountability.

Payment Services 230

Payment Services Accounting Shrinkage Consumer 230

Retail Times

MARCH 30, 2021

Between shipment variances, misplaced products, returns, and stolen goods, retailers find that the inventory numbers they have on paper (or on screen) often don’t match what they have in their stores. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

I Vend

MAY 8, 2024

We take a look at how modern, integrated POS for wine and liquor stores can unlock a future of growth. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

Shrinkage 52

Shrinkage Inventory Management Payment Services Point of Sale 52