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

Inside Retail

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. While value for money is undoubtedly a large focus for retailers moving forward, stamping out shrinkage is another. Labour, leases, and clearance stock So, what are those levers?

Shrinkage 130
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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 detacher is designed with additional security features to help reduce stock shrinkage and increase store profitability.

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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. It can spot if a cashier is discounting more than other employees, or if their level of returns or refunds is higher than the store average.

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Retail’s Last-Mile Challenge

Retail TouchPoints

In London, as shoppers return to storied Oxford and Spencer streets after long COVID-19 lockdowns, they’re being greeted by the sight of boarded-up windows and a $23.4 retailers pay for failed deliveries, or the $309 billion the industry paid in 2019 (about 20% of ecommerce sales) on returns, according to an Appriss Retail research report.

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Kroger’s Q4 earnings beat expectations

Mass Relators

We expect to continue our momentum in 2024 by delivering value for customers, investing in associates and generating attractive and sustainable shareholder returns.” ” For the full year, Kroger said total company sales were $150.0 billion in 2023 including $2.7 billion from the 53rd week, compared to $148.3 million to $4.8

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As warehouses get greener, demand for eco-friendly packaging is soaring

Inside Retail

An environmentally-friendly paper protection product can also drive a substantial reduction in returns because there is less damage to goods inside the package and less shrinkage, thanks to the boxes being glued rather than taped shut, making it easier to detect tampering.

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Zebra Technologies releases 16th Annual Global Shopper Study

Mass Relators

–   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.