Retail TouchPoints

NOVEMBER 11, 2024

is at an all-time high, with one in four Americans struggling to afford basic groceries due to rising food costs – a situation only exacerbated by inflation. Why Dynamic Pricing Isn’t Working At first glance, dynamic pricing seems like a smart solution — prices go up when demand spikes and down when there is surplus.

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Markdowns Supermarket Shrinkage Consumer 162

Inside Retail

NOVEMBER 17, 2024

Consumer tendencies are changing,” explains Mahesh Krishnan​, CTO at Fujitsu Australia and New Zealand. They are looking at things like speed and convenience, and self-checkout has become commonplace in all supermarkets and convenience stores today. So how can we continue enhancing those outcomes for clients online?”

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Shrinkage Consumer Checkout Supermarket 130

Retail TouchPoints

OCTOBER 25, 2021

Thanks to vastly reduced latency and increased speeds, it allows significantly more devices to access the internet at the same time. In addition, if the shopper is not ready to buy everything, they can send the data to their mobile phone to easily purchase it at a later date. Technology Snapshot.

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Payment Services Shrinkage Consumer Accessories 317

Retail TouchPoints

NOVEMBER 10, 2022

It now sits at an estimated 22% of all sales, according to a 2022 Morgan Stanley global ecommerce forecast report , which notes that “Over the long term, the ecommerce market has plenty of room to grow and could increase from $3.3 We’re getting close, but at this point it isn’t even an apples-to-oranges comparison. trillion in 2026.”.

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Consumer Advertising Shrinkage Marketing 306

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 Townsley urged retailers to make it as easy as possible for staff members to report customer aggression and product loss.

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Retail Gazette

MAY 9, 2025

According to The Grocer, the new functionality, currently being tested in two storesRichmond and Kemptonmarks the first time shoppers using the in-store handsets can complete payment without queuing at tills. As with existing SmartShop use, staff will continue to carry out random basket checks to manage shrinkage.

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Shrinkage Checkout Grocer Supermarket 59

Inside Retail

MAY 19, 2021

Drakes Supermarkets is losing around $10 million each year largely due to theft in stores, according to company director John-Paul Drake. 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

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