Retail TouchPoints

NOVEMBER 7, 2023

What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Inside Retail

FEBRUARY 15, 2023

In the US, for example, department store Target recently blamed a US$593 million reduction in its gross profit on organised retail crime, with shrinkage causing its profit margin to fall by around US$400 million. “We

Shrinkage 245

Shrinkage Department Stores Management Supermarket 245

Retail Gazette

FEBRUARY 28, 2024

Speaking at the Smart Retail Tech Expo this week, she said: “I was in one of our supply chain depots where we’re rolling out robots at the moment, and the picking robots are super cool, but they’re removing jobs. “I

Shrinkage 110

Shrinkage Customer Experience Planning Department Stores 110

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. billion due to theft in 2023 alone.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 130

Inside Retail

AUGUST 27, 2023

The group, which is made up of discount department store brands Kmart and Target, as well as online marketplace Catch, delivered record earnings during FY23 – a 52 per cent increase on the previous year, to $769 million. If you’re looking at this over a time period, the greater benefits [will come] in FY25-26,” Bailey said.

Shrinkage 130

Shrinkage Dead-Stock Department Stores Apparel 130

Retail TouchPoints

MAY 6, 2021

Yet as pundits ponder the death of the department store, the industry is racing to reimagine where and how it sells goods. Competitive companies rely on focus and understanding their core competencies, solving tasks such as shrinkage and stock-out, and then taking those savings to tackle larger AI projects. In the U.S.,

Fulfillment 344

Fulfillment Shrinkage Department Stores Returns 344

Retail Gazette

DECEMBER 23, 2024

2024 saw a surge in retailers investing in stores as they continue to defy ‘death of the high street’ talk. Retail Gazette rounds up the best new store openings of the year that have created a real buzz on the high street. over the past 3 years.

Outdoor 105

Outdoor Supermarket Grocer Department Stores 105