article thumbnail

How STORIS Helps Appliance Retailers Stay Ahead

Storis

Customers no longer shop in a linear fashionthey browse online, visit showrooms, expect flexible financing, and demand fast, reliable delivery. The ability to manage inventory with precision, unify omnichannel sales, leverage financing, and optimize supply chains is what separates thriving retailers from struggling ones. The solution?

Finance 52
article thumbnail

How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

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. What does this mean exactly?

Shrinkage 310
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

The demise of 99 Cents Only points to a larger weakness in the dollar-store category, Brad Thomas, Equity Research Analyst at KeyBanc Capital Markets told Yahoo Finance , pointing to Dollar Tree ’s plans to close nearly 1,000 locations over the next several years.

Location 263
article thumbnail

The Rise of Micro Markets in Airports

Retail TouchPoints

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight.

article thumbnail

Stop out of stocks denting your profits this holiday season

I Vend

Financial operations – integrating the back of house finance processes with the front of house sales offers massive opportunities for streamlining. Loss prevention – in the US alone, retailers lose around $100 million a year to shrinkage, + which is a direct hit on the bottom line.

article thumbnail

The Future of Retail: How Top Brands Choose In-Store Tech

RETAIL MANAGEMENT SOFTWARE

Retail executives, supported by finance and innovation teams, must pinpoint operational inefficiencies that can be mitigated through technology. AI can save up to 30 weekly labor hours per store, improving associate satisfaction and retention while reducing shrinkage.