Inside Retail

AUGUST 27, 2023

While value for money is undoubtedly a large focus for retailers moving forward, stamping out shrinkage is another. Both supermarkets also explained that organised crime syndicates are becoming more sophisticated, and are hitting harder.

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Inside Retail

FEBRUARY 15, 2023

In the US, for example, department store Target recently blamed a US$593 million reduction in its gross profit on organised retail crime, with shrinkage causing its profit margin to fall by around US$400 million. “We

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Inside Retail

MAY 19, 2021

Drakes Supermarkets is losing around $10 million each year largely due to theft in stores, according to company director John-Paul Drake. 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 Global problem.

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Retail TouchPoints

OCTOBER 25, 2021

With the ability to increase the number of devices and people connected to the network, retailers finally have the technology and price point required to move this from a concept to a mainstream solution, including high-volume big box stores and supermarkets.

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Retail TouchPoints

NOVEMBER 10, 2022

Some shoppers are stocking up on Instacart and then running into their local supermarket for a fill-in trip. Are online more of a weekly stock-up trip, and the trip to the store more for when they forgot eggs or need some specific ingredient? But those data lapses don’t mean your ecommerce program isn’t working.

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Inside Retail

MAY 25, 2023

Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone.

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A1 Retail

OCTOBER 12, 2021

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. Any supermarket looking to replicate this checkout-less model will already be crushingly aware of their own technological limitations.

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