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

Retail TouchPoints

APRIL 5, 2024

The demise of 99 Cents Only points to a larger weakness in the dollar-store category, Brad Thomas, Equity Research Analyst at KeyBanc Capital Markets told Yahoo Finance , pointing to Dollar Tree ’s plans to close nearly 1,000 locations over the next several years.

Location 263

Location Shrinkage Finance Management 263

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.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

I Vend

DECEMBER 10, 2023

Financial operations – integrating the back of house finance processes with the front of house sales offers massive opportunities for streamlining. Loss prevention – in the US alone, retailers lose around $100 million a year to shrinkage, + which is a direct hit on the bottom line.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Retail executives, supported by finance and innovation teams, must pinpoint operational inefficiencies that can be mitigated through technology. AI can save up to 30 weekly labor hours per store, improving associate satisfaction and retention while reducing shrinkage.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111