Consumer Inventory Management Shrinkage 
I Vend
FEBRUARY 6, 2023
‘Out of stock’ – a phrase that no retailer wants to utter, and no consumer wants to hear. Not being able to buy what they want frustrates consumers, who are demanding that retailers are ‘never out of stock *. This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Retail TouchPoints
AUGUST 4, 2023
Consumers are also becoming more exposed to self-checkout options, and they are in turn becoming more normalized and natural. The growing exposure of travelers to self-service options has led to consumers preferring them as they are much more convenient than previous models.
Retail TouchPoints
FEBRUARY 21, 2023
Omnichannel solutions that leverage intelligent displays, QR codes and consumer profiles can provide extreme personalization. 5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. This information can give consumers up-to-date status on inventory, purchases or delays.
Retail TouchPoints
MAY 31, 2022
Source: Coresight Research “Building Blocks of the Metaverse: 5G” Both at a consumer and an enterprise level, 5G is still in its infancy, but it’s expected to grow quickly and become the dominant mobile access technology by 2027 reaching 90% penetration in North America within that time, according to Ericsson.
Retail Assist
OCTOBER 16, 2024
For growing retailers, managing inventory effectively is crucial to customer satisfaction, operational costs and growth potential. This can easily lead to stockouts, excess inventory and other issues that affect both profitability and reputation. Talk to our experts today!
Retail Focus
AUGUST 8, 2023
Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. This leads to improved inventory turnover and reduced instances of overstock or stockouts.
Expert insights. Personalized for you.
98 
Let's personalize your content