Inside Retail

MARCH 4, 2022

This delivers a range of benefits that include unparalleled security and error prevention, freeing up significant labour time, savings in cash transport costs and banking fees, and more. Maximise profits, minimise shrinkage. The post How to maximise your retail profits with cash recycling appeared first on Inside Retail.

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Inside Retail

MAY 19, 2021

We lose approximately $10 million a year on shrinkage – that covers a range of things but the majority of that is goods that are unaccountable,” Drake said. “It’s Retail theft is, of course, a much bigger problem that’s not confined to Drakes Supermarkets. “My It’s happening in all stores and it’s weekly.

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Shrinkage Loss Prevention Supermarket Beauty and Health 147

Wiser

FEBRUARY 29, 2024

Navigating the current retail landscape presents a unique set of challenges that retailers and brand manufacturers must face. One crucial theme addressed during a recent Customer Panel hosted by Wiser Solutions concerned the deficit of labor resources within the retail sector.

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Mass Relators

DECEMBER 12, 2022

The newfound willingness of executives to publicly discuss retail crime and its impact on consumers is a welcome development. Walmart CEO Doug McMillon is the latest in a series of industry leaders — a group that includes Andre Persaud, Rite Aid’s chief retail officer, and Target CFO Michael Fiddelke — to address the problem.

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Shrinkage Loss Prevention Consumer Shopping 52

A1 Retail

OCTOBER 12, 2021

As counterintuitive as it is, we all know losses are an accepted norm in retailing. Factored into the bottom line, as sales increase for stores, so will the losses of product inventory. Loss prevention teams call this inevitable outcome “external shrinkage”. However, these limitations are not a bad thing.

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Mass Relators

OCTOBER 25, 2023

–   Zebra Technologies Corporation  has announced the findings of its 16 th Annual Global Shopper Study that confirmed retailers are feeling the omnichannel squeeze, particularly with managing online returns and reducing shrink caused by theft, fraud and other contributing factors.

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Checkout Payment Services Shrinkage Returns 52

365 Retail

JUNE 28, 2022

While loss through crime has always been a sad but inevitable reality of retail, there is a proven correlation between economic hardship and retail crime. In terms of the volume of incidents, internal theft accounts for over 22% of UK retail shrinkage according to the Centre for Retail Research.

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Retail TouchPoints

NOVEMBER 7, 2023

Organized retail crime (ORC) has been on the rise recently, with retailers like Nordstrom , Macy’s, and Old Navy falling victim to major shoplifting cases. These publicized reports and incidents have alerted more retail leaders to the very real business threat that ORC poses. What is Organized Retail Crime?

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Retail Times

MARCH 30, 2021

Stockouts almost always make it to the “worst nightmare” lists of retailers, and for good reason. Many causes of stockouts can be prevented by taking steps to better understand your business and products, and by refining your store’s processes. Not ready for a full retail management solution? Inaccurate data. Learn More.

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Merchant Services Inventory Management Management Shrinkage 98

DMS Retail

AUGUST 17, 2021

FOR YOUR CONVENIENCE… This 6 hour workshop is separated into two 3-hour sessions Click the link below for all the details: Retail Loss Prevention & Profit Protection Workshop – ONLINE (Registration covers both sessions and includes recording and full presentation emailed following session whether you attend or not.)

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Cisco Retail

MAY 25, 2022

In an industry known for its tight margins, any loss in retail is significant. Retailers often need to sell many multiples of an item to breakeven on a single loss. Shrink” is a $60B dollar issue for the retail industry globally and growing rapidly. Most retailers attribute 50-60% of losses to associate actions.

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Inside Retail

JUNE 28, 2022

In the world of modern retail, it’s clear that customer data is king. Of the three retailers, only The Good Guys has decided to pause its use of facial recognition in stores while the complaint is being investigated – a decision welcomed by Choice. Most customer’s “uncomfortable” with surveillance .

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Consumer Payment Services Shrinkage Loss Prevention 130

I Vend

DECEMBER 10, 2023

Successful retail requires operational efficiency – the more streamlined the business processes the greater the potential for reduced costs and increased business growth. So retailers are looking for ways to optimize retail operations, across every process – and retail technology is a powerful enabler.

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