Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. What does this mean exactly?

Shrinkage 310

Shrinkage Bar Codes Shipping Finance 310

Inside Retail

FEBRUARY 18, 2025

Shrinkage: -15 per cent. Measurement and accountability : Track progress using metrics that matter and hold teams accountable for outcomes. PDCA (Plan-Do-Check-Act): Embed a culture of continuous improvement. Sales: +25 per cent. Market share: +2.2 Stockouts: -21 per cent. Costs: -15 per cent.

Shrinkage 130

Shrinkage Accounting Customer Experience Promotions 130

Retail TouchPoints

AUGUST 22, 2023

Marketplaces are required to collect and verify information — government IDs, contact details, bank accounts and tax identification numbers — of any seller that conducts more than 200 transactions and grosses a minimum of $5,000 in a 12-month period. This refers to “smash and grab” mobs making well-planned, coordinated raids to rob stores.

Payment Services 246

Payment Services Accounting Shrinkage Consumer 246

Retail TouchPoints

NOVEMBER 10, 2022

If you also account for the data companies possess but don’t fully understand enough to act on, you begin to scratch the surface of the challenges marketers and agencies face today. She is a leader in building unified strategic plans to drive growth across brands’ full commerce practices with fully integrated activations.

Consumer 306

Consumer Advertising Shrinkage Marketing 306

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. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail Focus

AUGUST 8, 2023

Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business. Outsourcing accounting and bookkeeping tasks to professionals can help you keep track of expenses, revenues, and taxes efficiently.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

I Vend

MAY 8, 2024

Online sales account for $40 billion and are growing faster than brick and mortar sales. Add to this the fact that liquor retailers must hold a wide range of items to attract shoppers, and the fact that wine and liquor is a prime target for shrinkage and the issue is further compounded.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91