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

Independent Retailer

JULY 29, 2022

According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. RFID technology can provide a technological solution to retailers by supplying knowledge of where the item went missing, allowing them to mitigate the impact of shrinkage by adjusting inventory levels to replace missing or out of stock items.

Customer Experience 77

Customer Experience Shrinkage Checkout Inventory Management 77

Retail TouchPoints

JUNE 15, 2022

Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. They simply scan the item or put it in their cart on their phone, pay and walk out with item in tow.

Payment Services 264

Payment Services Checkout Shrinkage Fast Fashion 264

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

I Vend

DECEMBER 10, 2023

Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold. Loss prevention – in the US alone, retailers lose around $100 million a year to shrinkage, + which is a direct hit on the bottom line.

Shrinkage 75

Shrinkage Inventory Management Store Layout Checkout 75

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 Shrinkage 246

I Vend

FEBRUARY 6, 2023

They help retailers ensure they have the right goods in the right place at the right time, improving store performance and enhancing customer experience. Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount).

Inventory Management 92

Inventory Management Management Shrinkage Returns 92