Inside Retail

OCTOBER 15, 2024

Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The chain currently has 386 stores nationwide, having opened 67 new stores and closed 35 underperforming ones since June 2020. The Reject Shop posted record sales of $852.7 million last year, up 4.1

Planning 278

Planning Shrinkage Shopping Management 278

Independent Retailer

JULY 8, 2021

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. Reduce Retail Theft . However, the value of each incident increased.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

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. Reduce Retail Theft . However, the value of each incident increased.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 29, 2022

The versatile solution increases inventory traceability to the item-level, and as a result, facilitates smart mirrors in fitting rooms, checkout-less shopping, social media integration, and indoor mapping through smartphones. According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. Transforming the POS.

Customer Experience 98

Customer Experience Shrinkage Checkout Inventory Management 98

Inside Retail

DECEMBER 16, 2021

Less than five years after opening their first store in Seoul’s buzzy Gangnam district in 2017, the brothers now have a network of more than 20 ADLV stores in Korea, 32 stores in China and as of this year, two stores in Australia at QV Melbourne and Chadstone shopping centre. billion in 2019. Most ADLV clothing is made in Korea. “We

Shrinkage 130

Shrinkage Fashion Marketing Consumer 130

Nvidia

JANUARY 13, 2022

One way to address the problem is by creating autonomous shopping experiences. AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process. In September and October, accommodation and food services businesses lost 1.6 million, or 6.2 percent, of their workforce, while 1.4

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

Inside Retail

JUNE 28, 2022

Supermarket Woolworths has also been singled out after a slide from a 2020 training module, uploaded by a user on Reddit, claimed it uses facial mapping and artificial intelligence in its CCTV system, and had shared this data with police in order to help them apprehend suspects. Most customer’s “uncomfortable” with surveillance .

Consumer 130

Consumer Payment Services Shrinkage Loss Prevention 130