I Vend

MAY 8, 2024

Online sales account for $40 billion and are growing faster than brick and mortar sales. Loyalty and promotions – liquor retailers want to create loyal customers who return to the store for all their alcohol purchases. The US’ largest wine retailer makes 20% of their sales online, compared to 2% before the pandemic.

Shrinkage 81

Shrinkage Inventory Management Payment Services Point of Sale 81

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

FEBRUARY 6, 2023

Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount). Mis-recorded, mis-counted or misplaced inventory accounts for just over 25% ++ of shrinkage. Why is single view of inventory important?

Inventory Management 98

Inventory Management Management Shrinkage Returns 98