Remove Management Remove Shopping Remove Shrinkage
article thumbnail

The Reject Shop plans more stores as sales surge

Inside Retail

Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The company is investing in other initiatives across the business, including in supply chain, technology, infrastructure and warehouse management, he added. The Reject Shop posted record sales of $852.7

Planning 278
article thumbnail

Three key inventory strategies Adidas uses to stay ahead

Inside Retail

Last year, retailers worldwide grappled with stockouts, overstocking, and shrinkage. Unifying online and offline channels with a single system Todays customers expect a seamless shopping experience, whether theyre browsing in-store or online. This year, the challenge remains just as pressing.

Shrinkage 241
Insiders

Sign Up for our Newsletter

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

article thumbnail

Merchandise strategy pays off for Reject Shop

Inside Retail

The Reject Shop says its new merchandise strategy is showing positive results. “Like many Australian retailers, The Reject Shop is currently facing a number of macro and inflationary pressures, including higher wages, domestic supply chain costs, and shrinkage,” said Clinton Cahn, The Reject Shop CEO.

Shopping 278
article thumbnail

The Reject Shop’s net profit plunges amid rising costs, shrinkage

Inside Retail

The Reject Shop’s net profit declined significantly despite higher sales in the last fiscal year. “Like many Australian retailers, The Reject Shop continues to face near-term margin pressure from rising costs and higher shrinkage, which adversely impacted profitability in FY24,” said Steven Fisher, The Reject Shop chair.

article thumbnail

Smart supply chains tackle labour, inventory and fulfilment challenges

Inside Retail

When the truck arrives, stock is already sorted and ready to be moved directly onto the shop floor. Automation-led labour efficiency: Unlike conventional warehouse management systems, DoWarehouse full control of automation, down to the robotics layer. This significantly reduces sorting, handling and preparation time in-store.

article thumbnail

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 detacher is designed with additional security features to help reduce stock shrinkage and increase store profitability. It’s the optimal high-quality, reliable, and durable solution to retail stock protection.

article thumbnail

Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

When shopping for essential goods, consumers expect price stability; sudden price changes can feel unpredictable and exploitative. Unlike surge pricing or dynamic pricing, dynamic markdowns ensure consumers consistently receive the best value while helping retailers manage inventory and reduce shrinkage.

Markdowns 162