Retail Focus

JUNE 10, 2024

Most stores will already have measures in place to deter and prevent theft as much as they can, with some of the most common options including CCTV cameras, security staff and metal detectors at the entrance door. However, thieves are becoming savvier and continue to bypass existing measures to get out the store without paying.

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Loss Prevention Shrinkage Point of Sale Shopping 147

Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. days, and one doubled its sales in one year. .”

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Shrinkage Bar Codes Shipping Finance 263

Retail TouchPoints

JUNE 15, 2022

The chatter of the store “being dead” is evolving from belief that the physical store is fading amid the shift to digital, to seeing that it’s the role of the store that is changing — and a vital one at that. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. App Utilization.

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Payment Services Checkout Shrinkage Fast Fashion 250

Nvidia

JANUARY 13, 2022

At the National Retail Federation’s annual trade show, conversations tend to touch on recurring themes: “Will we be able to stock must-have products for next Christmas?,” “What incentives can I offer to loyal workers?” AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process.

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Shrinkage Checkout Inventory Management Point of Sale 115

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%.

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Shrinkage Inventory Management Payment Services Point of Sale 91

Retail Times

MARCH 30, 2021

It’s best to use a point-of-sale or inventory system that automatically modifies inventory levels as you ring up sales, so you won’t have to worry about manually updating your database. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store.

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Merchant Services Inventory Management Management Shrinkage 98

Cisco Retail

MAY 25, 2022

Increasingly, Organized Retail Crime (ORC) and Cybercrime rank at the top of the list of Loss Prevention (LP) concerns, along with associate fraud and returns fraud. Over 50% of asset protection executives state that they plan to invest in LP technology. Addressing Areas of Shrink at the Point-of-Sale (POS).

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Loss Prevention Shrinkage Returns Point of Sale 125