Checkpoint reveals new RF label that slashes shrink on metallic items by up to 50%

365 Retail

During a series of trials at retailers around the world, the Metal Label delivered incredible results – reducing shrinkage across all product types, including canned tuna, baby formula, deodorants, face creams and foil-lined coffee products.

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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Loss Prevention & Profit Protection Workshop Online

DMS Retail

Now is the time to double down on your commitment to strength in LP. We need to SAVE every single penny!! Coming up … Two 3-hour sessions from 9 a.m. – 12 noon Eastern One on Tuesday, Aug. 24th and one on Thursday, Aug. 26th.

How to maximise your retail profits with cash recycling

Inside Retail

Maximise profits, minimise shrinkage. Shrinkage is a problem that affects up to 95 per cent of all businesses, and it hurts everyone (business owners, employees, customers). Maximise. It’s a powerful word in business.

Detego Offers An RFID-Powered Factory-To-Store Shipment Validation Tool

Retail Touch

Using the Detego platform to help track every ‘read event’ relating to an individual item can help retailers prevent shrinkage and improve delivery time transparency for DTC orders.

Effective Ways to Utilize Video Surveillance

Independent Retailer

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. by Patrick Chown.

Effective Ways to Utilize Video Surveillance

Independent Retailer

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. by Patrick Chown.

While tech giants have their heads in the clouds, this is why other retailers don’t need to follow suit

A1 Retail

Loss prevention teams call this inevitable outcome “external shrinkage”. Which is why it is so encouraging to see retailers utilising new technology to reduce the impact of shrinkage. There needs to be a more achievable way to improve the retail experience, reduce shrinkage and expand the sector’s technological capacity for more advanced adoptions later down the line. By Ofri Ben Porat, Chief Executive Officer at Edgify.

How Acmé de la Vie is riding the Korean wave around the world

Inside Retail

The fabric also goes through a ‘tender’ process to prevent the clothes from losing their shape, and is wetted and dried in a machine to minimise shrinkage. In the fashion industry, Korea has a reputation for being at the forefront of trends.

‘Not acceptable’: Drakes director exposes rising cost of retail theft

Inside Retail

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

How Retailers Meet Tough Challenges Using NVIDIA AI 

Nvidia

NVIDIA partners Everseen and Graymatics provide asset protection applications at the point of sale to reduce shrinkage and provide customers a faster self-checkout experience.

How 5G Will Power a New Retail Experience

Retail Touch

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.

3 Customer Experience Predictions for 2022

Frank Mayer

Not only is autonomous checkout a huge convenience to customers who want a frictionless shopping trip, but this technology also cuts down on shrinkage because of its very nature to recognize items being selected from shelves,” Lesniak adds.

Interactive Mirror Allows Retail Customers to Virtually “Try On” Clothing

VMS

The benefits, note Bissell, are many: “No fitting rooms means dramatically reduced shrinkage. (PRESS RELEASE) CALGARY, AB – Retail clothing stores of the future will likely have fewer clothes, checkout stations, fitting rooms, employees—and square footage.

What Is Phantom Inventory? Here’s How to Spot It

Wiser

ShrinkageShrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . Are there ghosts haunting your shelves? No, not real-life ghosts: phantom inventory. Walk through the aisles and see empty shelves and out-of-stock products. Check the system and see that everything looks good. It looks like there is enough inventory in the back room and on the shelves to meet demand. But your eyes don’t lie. Something is off. .

Retail’s Last-Mile Challenge

Retail Touch

Competitive companies rely on focus and understanding their core competencies, solving tasks such as shrinkage and stock-out, and then taking those savings to tackle larger AI projects.

Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them

Retail Times

For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. Stockouts almost always make it to the “worst nightmare” lists of retailers, and for good reason.

#TBT: Service Merchandise Was the OG Multi-Channel Shopping Experience

Retail Touch

The catalog showroom approach was based on the idea that it reduced the risk of merchandise theft (known in the industry as shrinkage), while also enabling customers to shop without the inconvenience of carrying purchases throughout the store while you were still browsing.

Everything You Need to Know About Keystone Pricing

Wiser

If you’re selling a big-ticket item with low turnover and high shipping and shrinkage costs , you might end up actually eroding your margin with keystone pricing. There’s an old saying that goes, “the perfect is the enemy of the good.”.

Jason & Scot Show Episode 282 – Cyberweek Recap with Salesforce’s Rob Garf

Retail Geek

we saw a shrinkage of 6% of product catalogs so retailers are being conservative. A weekly podcast with the latest e-commerce news and events. Episode 282 is a breakdown of November Holiday and CyberWeek sales with Rob Garf, VP and GM, Retail at SalesforceVP and GM, Retail at Salesforce.