Inside Retail

MARCH 4, 2022

It captures a philosophy that sits at the heart of every successful enterprise. Cash recyclers are devices that automate cash handling – accepting and dispensing cash; counting, authenticating, and storing money securely; and keeping an accurate accounting of the cash you have in your business. Maximise profits, minimise shrinkage.

Shrinkage 162

Shrinkage Payment Services Customer Experience Accounting 162

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

Inside Retail

MAY 19, 2021

We lose approximately $10 million a year on shrinkage – that covers a range of things but the majority of that is goods that are unaccountable,” Drake said. “It’s Drake recently began outing what he called “repeat offenders” by sharing CCTV footage on his social media account @shake.and.drake.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. Reduce Retail Theft .

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. Reduce Retail Theft .

Loss Prevention 98

Loss Prevention Shrinkage Management Location 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 91

Shrinkage Inventory Management Payment Services Point of Sale 91

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. They help retailers ensure they have the right goods in the right place at the right time, improving store performance and enhancing customer experience. How can smart inventory management increase sales?

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

Small Biz Trends

JULY 26, 2022

It causes monetary shrinkage to income and manufacturers, along with other businesses for an extended period of time. You can catch up to Stoyan Kenderov at [link] if you need more information after watching this episode. Shawn: Can you discuss ways that you might, at least partially, recession-proof your business.

Payment Services 111

Payment Services Shrinkage Accounting Management 111

365 Retail

SEPTEMBER 1, 2024

A buyer gazing at a smart shelf, for instance, could get real-time information about the product including reviews, nutritional statistics, or even tailored recommendations based on past purchase behaviour. Reducing Shrinkage: In retail, inventory shrinkage brought on by theft, fraud, or mistakes presents a major problem.

Payment Services 122

Payment Services Shrinkage Checkout Consumer 122

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

Star Miconics

JULY 5, 2024

With a thermal printer at each food prep station, there’s no need for carbon copies, reducing the risk of losing important order information. These inventory tracking solutions also provide managers with invaluable data, revealing sources of shrinkage and waste.

Inventory Management 59

Inventory Management Shrinkage Point of Sale Management 59

Retail Times

MARCH 30, 2021

Perhaps you need to reschedule shipments to make sure that deliveries don’t happen all at once, or maybe you need to assign someone to double check the packing slips. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. Dealing with theft? Further Reading.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

365 Retail

JUNE 28, 2022

In terms of the volume of incidents, internal theft accounts for over 22% of UK retail shrinkage according to the Centre for Retail Research. Retail managers should also consider engaging with union representatives to agree levels of deterrent aimed at protecting against poor decision making. .

Management 52

Management Shrinkage Accounting Promotions 52

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

A robust Point of Sale (POS) system is at the heart of this transformation, serving as the backbone of modern retail operations. A Retail Point of Sale (POS) is a technology solution that enables businesses to process transactions, manage sales, and track inventory at the point where customers make purchases.

Payment Services 52

Payment Services Point of Sale Inventory Management Customer Experience 52

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage. Sustainability and Ethical Sourcing With growing awareness of environmental and social issues, consumers are increasingly demanding transparency and accountability from apparel retailers.

Apparel 52

Apparel Fashion Inventory Management Management 52

Retail Gazette

DECEMBER 23, 2024

M&S, Battersea in London At the start of the month, M&S opened the doors to its first clothing-only store inside Londons Battersea Power Station. Harvey Norman, Merry Hill Australian lifestyle, home and tech retailer Harvey Norman opened its first English store in October at the Merry Hill shopping centre in the West Midlands.

Outdoor 105

Outdoor Supermarket Grocer Department Stores 105

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. By using linerless sticky labels, your business can enhance order accuracy, significantly reducing shrinkage and boosting profitability.

Shopping 59

Shopping Shrinkage Kiosk Returns 59