Retail TouchPoints

APRIL 30, 2025

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. This protection helps businesses avoid expensive repairs and minimize operational downtime that often follows security breaches. In 2023, U.S.

Shrinkage 147

Shrinkage Loss Prevention Accounting Management 147

Inside Retail

MAY 5, 2025

Ferags smart automation solutions are designed to ease these pressures across both stores and distribution centres by reducing dependence on surge labour and reducing cost per carton. Store operations : Store labour tasks are minimised by reducing back-of-house processing.

Fulfillment 147

Fulfillment Shrinkage Markdowns Inventory Management 147

Retail TouchPoints

JULY 18, 2024

For example, if your stores don’t have reliable network connections, it’s a good idea to seek out technology that operates in offline mode with no loss of efficiency. 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

Retail TouchPoints

NOVEMBER 7, 2023

What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores. 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.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

FEBRUARY 21, 2023

5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. A pallet of goods can be tracked from departure at the manufacturing site through transit to the store. Delivery and stocking experiences: 5G can support massive IoT connectivity, which can be used to improve product tracking capabilities.

Sporting Goods 264

Sporting Goods Payment Services Shrinkage Point of Sale 264

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.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Many retailers see a 4x return on their initial investment within a few months, thanks to broad applications spanning store operations, supply chain, e-commerce, and vendor relationships. AI can save up to 30 weekly labor hours per store, improving associate satisfaction and retention while reducing shrinkage.

Inventory Management 109

Inventory Management Shrinkage Promotions Store Operations 109