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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

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?

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Retail Risk Management And Business Protection From Emerging Threats

Retail Minded

Theft and Organized Retail Crime Retail theft continues to be a significant issue with significant shrinkage in inventory. The loss, due to the shrinkage, reached $142 billion in 2023, a 25% increase from the previous year. Slip-and-fall accidents account for increasing emergency room visits. billion in 2024, costing 6.5

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The productivity revolution: Transforming retail operations to combat inflation

Inside Retail

Shrinkage: -15 per cent. Measurement and accountability : Track progress using metrics that matter and hold teams accountable for outcomes. In our experience, operational excellence programs deliver measurable improvements across retailers’ balanced scorecards: Customer satisfaction: +7 per cent. Sales: +25 per cent.

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The INFORM Act Curbs Online Fraud, Poses Business and Tech Challenges

Retail TouchPoints

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. When fraudsters’ identities are hidden, they are free of accountability.

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The Rise of Micro Markets in Airports

Retail TouchPoints

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.

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Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail 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.

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How to maximise your retail profits with cash recycling

Inside Retail

Cash recyclers are devices that automate cash handling – accepting and dispensing cash; counting, authenticating, and storing money securely; and keeping an accurate accounting of the cash you have in your business. Maximise profits, minimise shrinkage. What is cash recycling? Cash-In-Transit (CIT) services. Banking fees.

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