Wiser

JUNE 23, 2020

Local ads on Google, SMS marketing with location-based messaging (sometimes referred to as proximity marketing), social campaigns with influencers, and other digital strategies can help you reach a wide audience and draw people into your restaurants. Maintain Consistency Across Locations. Reduce Shrinkage.

Payment Services 78

Payment Services Shrinkage Location Marketing 78

Retail TouchPoints

OCTOBER 25, 2021

Sensors will be deployed on shelves to transmit information immediately, ensuring inventory levels and equipment locations are accurate and constantly monitored. Store inventory and logistics: With 5G, retailers’ cloud-based backend systems will now be accessible in real time, improving performance.

Payment Services 313

Payment Services Shrinkage Accessories Consumer 313

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 272

Payment Services Shopping Jewelry Shrinkage 272

Wiser

APRIL 23, 2019

Shrinkage – Shrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . Smartphone-enabled shoppers can be leveraged to audit retail locations on your behalf. You need the right tools to analyze hundreds—or more—SKUs across thousands of store locations.

Shrinkage 100

Shrinkage Inventory Management Location Fulfillment 100

Retail TouchPoints

MAY 31, 2022

Smart mirrors are already in use at COS Beverly Hills and will roll out to additional locations later this year. Additionally, we’re able to look at what are the highly trafficked areas and what are the focus spots [in the store] to reduce shrinkage and optimize employee staffing ,” she added. Supply Chain Optimization.

Merchant Services 350

Merchant Services Checkout Shrinkage ATS 350

Retail TouchPoints

JUNE 15, 2022

Other retailers and QSRs are now seeing the value in controlling traffic flow and general store congestion by locating checkouts at more than one entrance, or expanding the area to reduce employee count and handle more transactions faster. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves.

Payment Services 260

Payment Services Checkout Shrinkage Fast Fashion 260

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 115

Shrinkage Clienteling Outdoor Consumer 115

I Vend

AUGUST 6, 2023

Retail analytics of financial reporting and inventory management data can help to pinpoint shrinkage and drill down into its location and cause, giving retailers a better chance of reducing it. Promotions – when you run promotions, you have to be able to measure their impact – which ones worked well, with which customers and locations.

Point of Sale 92

Point of Sale Inventory Management Shrinkage Promotions 92

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. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. As omnichannel shopping continues to grow, the volume of returns increases along with it.

Checkout 52

Checkout Payment Services Shrinkage Returns 52

Retail TouchPoints

NOVEMBER 23, 2022

AI-powered solutions with object and people detection can help retailers reduce shrinkage and improve safe shopping conditions. Video analytics can help reduce long queues by determining if groups are backing up in line near cash registers, automatically alerting managers that more help is needed at these locations.

Merchant Services 282

Merchant Services Shrinkage Store Layout Customer Experience 282

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. Not ready for a full retail management solution? Further Reading. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

I Vend

FEBRUARY 6, 2023

Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount). Mis-recorded, mis-counted or misplaced inventory accounts for just over 25% ++ of shrinkage. Smart retail technology for inventory management can reduce both these risks.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98