Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. Remotely Manage Retail Locations.

Loss Prevention 90

Loss Prevention Shrinkage Management Location 90

Retail TouchPoints

MAY 31, 2022

Source: Coresight Research “Building Blocks of the Metaverse: 5G” Both at a consumer and an enterprise level, 5G is still in its infancy, but it’s expected to grow quickly and become the dominant mobile access technology by 2027 reaching 90% penetration in North America within that time, according to Ericsson.

Merchant Services 336

Merchant Services Checkout Shrinkage ATS 336

Retail TouchPoints

JUNE 15, 2022

Controlling traffic volume and giving the perception of control and exclusivity to the consumer is one way to make the most out of each square inch. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. Meanwhile, 34% of millennial and Gen Z consumers are interested in livestream shopping.

Payment Services 243

Payment Services Checkout Shrinkage Fast Fashion 243

Retail TouchPoints

AUGUST 30, 2021

The catalog showroom approach was based on the idea that it reduced the risk of merchandise theft (known in the industry as shrinkage), while also enabling customers to shop without the inconvenience of carrying purchases throughout the store while you were still browsing.

Payment Services 249

Payment Services Shopping Jewelry Shrinkage 249

Mass Relators

OCTOBER 25, 2023

Eight in 10 favor a blend of online and in-store shopping, and 75% choose to shop with online retailers that have a brick-and-mortar location. Meanwhile, 48% of consumers opt for self-checkouts with 75% saying it helps improve their experience. Most retailers agree self-checkouts deliver value.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

365 Retail

OCTOBER 12, 2023

Don’t Blame Shrinkage: Why Poor Digital Strategy Might Be Responsible for Retail Uncertainty While retail is a cyclical industry, it’s important to be honest about transformations, negative and positive, in the industry. Certainly, these elements make an impact. How, then, do retailers create a more “activist” frontline?

Shrinkage 113

Shrinkage Clienteling Outdoor Consumer 113

Retail TouchPoints

NOVEMBER 23, 2022

It was then that consumers developed a ravenous appetite for online shopping and speedy home delivery, while losing their taste for city centers and malls. AI-powered solutions with object and people detection can help retailers reduce shrinkage and improve safe shopping conditions. The Smart in Smart Video.

Merchant Services 258

Merchant Services Shrinkage Store Layout Customer Experience 258

Retail Times

MARCH 30, 2021

Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Pay attention to consumer trends. Further Reading. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

I Vend

FEBRUARY 6, 2023

‘Out of stock’ – a phrase that no retailer wants to utter, and no consumer wants to hear. Not being able to buy what they want frustrates consumers, who are demanding that retailers are ‘never out of stock *. Mis-recorded, mis-counted or misplaced inventory accounts for just over 25% ++ of shrinkage.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98