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Kmart MD talks Target merger, shrinkage, and adapting to customer behaviour

Inside Retail

This is the message put forward by Wesfarmers’ CEO Rob Scott, and Kmart Group managing director Ian Bailey, to investors last week. We’re confident that we can continue to hit the lowest price in the market, and make good margins which are appropriate for our shareholder returns. Target of theft ?

Shrinkage 130
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The Rise of Micro Markets in Airports

Retail TouchPoints

Micro markets are one of the key self-service options that are becoming increasingly popular in airports. Micro markets also offer simple and secure payment options, allowing tourists to pay with their credit card and not have to worry about taking out or exchanging cash.

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

Retail TouchPoints

” Simoncic, who is also a Managing Director at consulting firm Alvarez & Marsal (A&M), will step down; fellow A&M Managing Director Chris Wells will take over as Chief Restructuring Officer to help facilitate the wind-down.

Location 223
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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

The alcoholic drinks sector is a large and growing market that shows no sign of slowing down. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton.

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How retailers can combat shrink and create an enjoyable shopping experience

Inside Retail

Retailers face continual challenges with increasingly sophisticated shoplifters causing in-store ‘shrinkage’. The FoxTag reduces theft by up to 60 per cent when compared to traditional security tags available in the market. Retail profitability can be critically impacted through stock loss with inferior or outdated protection systems.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence. This leads to improved inventory turnover and reduced instances of overstock or stockouts.