Retail TouchPoints

JANUARY 10, 2024

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. days, and one doubled its sales in one year.

Shrinkage 294

Shrinkage Bar Codes Shipping Finance 294

I Vend

AUGUST 6, 2023

Using your point of sale system to track performance, across every element of the retail operation, has never been more important. This data can help you determine which products are your best – and worst – sellers, to inform your product assortment decisions and stock management.

Point of Sale 92

Point of Sale Inventory Management Shrinkage Promotions 92

Retail TouchPoints

JUNE 15, 2022

Customers book an appointment online and then shop in-store, creating a more curated feel while making life easier for associates to manage. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. This trend is happening in other areas, too.

Payment Services 263

Payment Services Checkout Shrinkage Fast Fashion 263

Retail Times

MARCH 30, 2021

It’s best to use a point-of-sale or inventory system that automatically modifies inventory levels as you ring up sales, so you won’t have to worry about manually updating your database. Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98