Retail Minded

MARCH 20, 2025

Theft and Organized Retail Crime Retail theft continues to be a significant issue with significant shrinkage in inventory. In 2023, the inventory deficit was projected to be around 2% of net sales, notes The Wall Street Journal. The loss, due to the shrinkage, reached $142 billion in 2023, a 25% increase from the previous year.

Merchant Services 94

Merchant Services Payment Services Management Shrinkage 94

I Vend

FEBRUARY 6, 2023

This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

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. The inventory management features also help operators track any theft.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

I Vend

MAY 8, 2024

Online sales account for $40 billion and are growing faster than brick and mortar sales. Inventory management – Managing inventory in wine and liquor retail can prove to be a big headache. It enables retailers to digitize and automate key processes, such as inventory management or loyalty and promotions.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

365 Retail

SEPTEMBER 1, 2024

Amazon Go stores, for example, invented the idea of “just walk out” shopping, in which consumers merely pick up the goods they desire and the system notes them and charges their account as they leave the store. Reducing Shrinkage: In retail, inventory shrinkage brought on by theft, fraud, or mistakes presents a major problem.

Payment Services 122

Payment Services Shrinkage Checkout Consumer 122