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The Reject Shop plans more stores as sales surge

Inside Retail

million due to rising costs and higher shrinkage. The Reject Shop posted record sales of $852.7 million last year, up 4.1 per cent on the prior corresponding period. However, its profit plunged 35.9 per cent to $4.7

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Three key inventory strategies Adidas uses to stay ahead

Inside Retail

Last year, retailers worldwide grappled with stockouts, overstocking, and shrinkage. This year, the challenge remains just as pressing. As supply chains grow more complex and consumer expectations shift, maintaining the right inventory balance is becoming increasingly difficult and the cost of getting it wrong is high.

Shrinkage 241
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Investing in Security: How Physical Barriers Protect your Bottom Line

Retail TouchPoints

Retail chains across the country have even reported missing quarterly earnings expectations due to inventory shrinkage, highlighting a crisis that affects businesses of all sizes. In 2023, U.S. retailers lost a staggering $121.6 billion to theft, with organized retail crime (ORC) accounting for 37% of these losses.

Shrinkage 147
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Mastering Retail Inventory Control for Maximum Efficiency

Small Biz Trends

Regular inventory audits , including cycle counts, play an essential role in maintaining accuracy and preventing shrinkage, safeguarding your investment and improving customer satisfaction. Regular inventory audits and accurate tracking systems identify discrepancies, lowering losses from shrinkage.

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Smart supply chains tackle labour, inventory and fulfilment challenges

Inside Retail

Shrinkage remains a significant issue, often exacerbated by limited visibility across the supply chain. DoWarehouse enables precise tracking of expected stock at each store, allowing businesses to identify and investigate shrinkage more effectively. This reduces returns, builds customer trust, and improves forecasting.

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Data and security have become key competitive advantages for all retailers

Inside Retail

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.”

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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

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.

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