Department Stores Location Shrinkage 
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 Shoplifting has been costing it millions of dollars in lost sales, and this year, it will close 20 stores in 11 states.
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. But many retailers are seeing opportunities in using those locations as micro-fulfillment centers. In the U.S., The numbers get no better for shoppers in other big retail destinations around the world.
Retail Gazette
DECEMBER 23, 2024
At Cobham, these products are presented in a wide, open space in the centre of the store, which is more open, bright and with more staff able to have they eyes on the area, which in turn is driving an uplift in sales and reduced shrinkage.
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