Inside Retail

MAY 5, 2025

Automation-led labour efficiency: Unlike conventional warehouse management systems, DoWarehouse full control of automation, down to the robotics layer. Ferags DoWarehouse platform, combined with automation, manages the entire putaway and picking processes. This reduces returns, builds customer trust, and improves forecasting.

Fulfillment 147

Fulfillment Shrinkage Markdowns Inventory Management 147

Retail TouchPoints

NOVEMBER 11, 2024

Unlike surge pricing or dynamic pricing, dynamic markdowns ensure consumers consistently receive the best value while helping retailers manage inventory and reduce shrinkage. It’s a win-win situation: Lowering costs while enabling retailers to move inventory, maintain profitability and minimize food waste.

Markdowns 162

Markdowns Supermarket Shrinkage Consumer 162

Inside Retail

NOVEMBER 17, 2024

He believes AI-powered computer vision technology used to reduce shrinkage will help identify instances of customers swapping cheap items for expensive ones by changing labels. It could be just simply for video recording for post-event analysis, or it could be real-time using computer vision.”

Shrinkage 130

Shrinkage Consumer Checkout Supermarket 130

Small Biz Trends

JULY 11, 2025

For instance, effective inventory management can reduce waste from spoilage, which directly impacts your profitability. Comprehending the importance of inventory control can lead to better decision-making and improved customer satisfaction , but what specific methods can you implement to improve your inventory management practices?

Inventory Management 78

Inventory Management Shrinkage Management Fulfillment 78

Retail Focus

JUNE 11, 2025

Easy to install – Completely repositionable and fully reusable Residue-free – Quick, easy and clean removal Eco-friendly – Free from PVC, Phthalates and VOCs Temperature-resistant – Stays flat and performs well in varying conditions without shrinkage Michael Ingram, Managing Director at Dorotape , announced the exciting development.

Shrinkage 148

Shrinkage Advertising Promotions Management 148

Retail Customer Experience

JULY 17, 2025

Supply chain and inventory stock management are critical to customer experience, and if a retailer can drive efficiency while also creating less costly strategies it can be a win-win for both the customer and the retailer. Corvus Robotics is an autonomous inventory management system built on an AI world model.

Fulfillment 66

Fulfillment Payment Services Inventory Management Customer Experience 66

Storis

MAY 27, 2025

The Urgency of Modernizing Appliance Retail Competition is increasing, and supply chain disruptions are exposing vulnerabilities in outdated retail management systems. Customer Experience Management (CXM) tools track customer preferences and engagement across all touch points, leading to more targeted sales interactions.

Finance 52

Finance Shrinkage Customer Retention Planning 52

Retail Gazette

MAY 9, 2025

As with existing SmartShop use, staff will continue to carry out random basket checks to manage shrinkage. Some functions, such as applying colleague discounts or scanning physical Nectar cards, are not yet supported. Sainsburys has also begun rolling out AI-driven video scanning technology to a select number of stores.

Shrinkage 59

Shrinkage Checkout Grocer Supermarket 59

Retail Focus

MAY 15, 2025

With Nedaps proven expertise in the RFID industry and a leading market position, Tillys is confident in the solutions ability to address its inventory management needs in a complex, multi-brand retail environment. With Nedaps platform, Tillys gains the tools to make data-driven decisions, reduce shrinkage, and foster long-term growth.

Inventory Management 148

Inventory Management Shrinkage Loss Prevention Specialty Retailers 148

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. What does this mean exactly?

Shrinkage 310

Shrinkage Bar Codes Shipping Finance 310

Inside Retail

AUGUST 21, 2024

. “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. ” During the year, the company made changes to its merchandise strategy.

Net Profit 147

Net Profit Shrinkage Shopping Planning 147

Retail TouchPoints

JUNE 25, 2020

The cloud-hosted solution is part of Detego’s end-to-end RFID software platform, which also includes products to manage warehouses, stores, smart displays and AI-powered analytics.

Shrinkage 264

Shrinkage Shipping Fashion Management 264

Inside Retail

MAY 22, 2024

. “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. The company forecasts full-year earnings before interest and taxes to range from $4 million to $5.5

Shopping 278

Shopping Shrinkage Management 278

Retail TouchPoints

APRIL 5, 2024

” 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 263

Location Shrinkage Finance Management 263

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. This allows them to be more self directed, more autonomous, more entrepreneurial.

Shrinkage 115

Shrinkage Clienteling Outdoor Consumer 115

Inside Retail

JUNE 6, 2021

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.

Loss Prevention 243

Loss Prevention Shrinkage Shopping Returns 243

Retail TouchPoints

OCTOBER 25, 2021

The increased bandwidth from 5G provides 360-degree visibility across the entire supply chain, removing much of the friction from existing processes and reducing losses such as inventory shrinkage. Gareth Smith is General Manager for Eggplant , a Keysight Technologies company.

Payment Services 317

Payment Services Shrinkage Consumer Accessories 317

I Vend

FEBRUARY 6, 2023

iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management. Inventory management systems give retailers visibility of all their stock, wherever it is.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

Retail TouchPoints

FEBRUARY 21, 2023

5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. Better communication between in-store staff, store managers and supply chain personnel via 5G devices will allow for responding to customer queries. 5G-enabled tools can allow for order picking and inventory management.

Sporting Goods 264

Sporting Goods Payment Services Shrinkage Point of Sale 264

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. We all know that omnichannel is a challenge to manage against the product and customer objectives of your brand or business. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

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 290

Merchant Services Shrinkage Store Layout Customer Experience 290

Retail TouchPoints

NOVEMBER 7, 2023

The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC. What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Inside Retail

FEBRUARY 15, 2023

In the US, for example, department store Target recently blamed a US$593 million reduction in its gross profit on organised retail crime, with shrinkage causing its profit margin to fall by around US$400 million. “We Worse still is that the figures reported to management and associations are likely just the tip of the iceberg.

Shrinkage 245

Shrinkage Department Stores Management Supermarket 245

Retail TouchPoints

AUGUST 4, 2023

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. The inventory management features also help operators track any theft.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Retail Wire

SEPTEMBER 1, 2023

While major retailers like Target, Walmart, and Dick’s have raised concerns about rising retail theft, Best Buy has managed to maintain a stable rate of shrinkage, according to CEO Corie Barry.

Shrinkage 100

Shrinkage Management ATS 100

Retail TouchPoints

MAY 31, 2022

Now we’re partnering with companies like Google, Microsoft and Amazon that manage that data processing in the cloud to power whatever it is that retailers want to do, and you can do these things with a smartphone.”. In-Store Inventory Management. stores — the future is here folks. Supply Chain Optimization.

Merchant Services 354

Merchant Services Checkout Shrinkage ATS 354

Inside Retail

JANUARY 30, 2024

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.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

JULY 18, 2024

Understaffing contributes to theft and shrinkage in general, but it also creates an increasingly impersonal feeling for offline shopping ,” said Nick Kramer, Leader of Applied Solutions at SSA & Co. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.

Customer Experience 278

Customer Experience Kiosk Shrinkage Shipping 278

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. Remotely Manage Retail Locations.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. Remotely Manage Retail Locations.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

I Vend

MAY 8, 2024

Inventory management – Managing inventory in wine and liquor retail can prove to be a big headache. FAQs: What defines an integrated POS management system? It enables retailers to digitize and automate key processes, such as inventory management or loyalty and promotions.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Top-performing teams: Pinpoint-Specific Problems: Retailers often face significant inefficiencies in pricing & promotion execution and managing stocks. Less than 30% report having true visibility into managing stocks, pricing and promotion execution, planogram compliance, and allocation and assortment planning.

Inventory Management 109

Inventory Management Shrinkage Promotions Store Operations 109

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. By outsourcing payroll management, timely salary disbursements, tax deductions, and labor regulation compliance become hassle-free.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

I Vend

DECEMBER 10, 2023

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94

Retail Gazette

APRIL 4, 2024

Retail crime cost The Co-op £70m last year, according to food managing director Matt Hood, as the mutual turns to AI to stamp out theft at self-checkouts. Hood said despite evidence pointing to the fact that self-checkouts do lead to an increase in shrinkage, he would not strip them out of stores as they make “convenience more convenient”.

Checkout 126

Checkout Shrinkage Management ATS 126

Wiser

APRIL 23, 2019

Phantom inventory is particularly challenging because your inventory management system says the products are in-stock, but the shelves are empty. Shrinkage – Shrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . You can’t fix what you don’t know is even a problem.

Shrinkage 100

Shrinkage Inventory Management Fulfillment Location 100

Retail Assist

OCTOBER 16, 2024

For growing retailers, managing inventory effectively is crucial to customer satisfaction, operational costs and growth potential. Here are some of the most critical inventory management challenges that retailers are facing today. This efficient approach minimises shrinkage and operational costs, supporting scalable growth.

Inventory Management 52

Inventory Management Management Shrinkage Returns 52