Remove Accounting Remove Shrinkage Remove Store Operations
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Investing in Security: How Physical Barriers Protect your Bottom Line

Retail TouchPoints

billion to theft, with organized retail crime (ORC) accounting for 37% of these losses. Retail chains across the country have even reported missing quarterly earnings expectations due to inventory shrinkage, highlighting a crisis that affects businesses of all sizes. In 2023, U.S. retailers lost a staggering $121.6

Shrinkage 147
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The Rise of Micro Markets in Airports

Retail TouchPoints

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight.

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Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

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. What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores.

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Inventory management for efficiency and experience

I Vend

They help retailers ensure they have the right goods in the right place at the right time, improving store performance and enhancing customer experience. Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount).