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.

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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 Worse still is that the figures reported to management and associations are likely just the tip of the iceberg.

Shrinkage 245

Shrinkage Department Stores Management Supermarket 245

Inside Retail

AUGUST 27, 2023

This is the message put forward by Wesfarmers’ CEO Rob Scott, and Kmart Group managing director Ian Bailey, to investors last week. Two brands, one model The business announced in July that it would be merging the two department stores’ backends , with the anticipation of increasing efficiencies across the group.

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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.,

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Fulfillment Shrinkage Department Stores Returns 344

Retail Gazette

DECEMBER 23, 2024

Sephora UK managing director Sarah Boyd said: Weve once again harnessed the power of listening to our customers to shape our expansion plans around the UK, and the appetite that our beauty community in Birmingham had was profoundly powerful.”

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Outdoor Supermarket Grocer Department Stores 103