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

MAY 31, 2022

Smart mirrors are already in use at COS Beverly Hills and will roll out to additional locations later this year. Additionally, we’re able to look at what are the highly trafficked areas and what are the focus spots [in the store] to reduce shrinkage and optimize employee staffing ,” she added. Supply Chain Optimization.

Merchant Services 354

Merchant Services Checkout Shrinkage ATS 354

Retail TouchPoints

JULY 18, 2024

Understaffing contributes to theft and shrinkage in general, but it also creates an increasingly impersonal feeling for offline shopping ,” said Nick Kramer, Leader of Applied Solutions at SSA & Co. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.

Customer Experience 278

Customer Experience Kiosk Shrinkage Shipping 278

Wiser

APRIL 23, 2019

Shrinkage – Shrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . Employee errors – Store associates may make an error when entering data, processing returns, or picking inventory to fulfill an online order. . You can’t fix what you don’t know is even a problem.

Shrinkage 100

Shrinkage Inventory Management Fulfillment Location 100

I Vend

FEBRUARY 6, 2023

Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount). Mis-recorded, mis-counted or misplaced inventory accounts for just over 25% ++ of shrinkage. Smart retail technology for inventory management can reduce both these risks.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Improves online inventory accuracy: Automation speeds up online order fulfillment with digital pick paths. Inventory management technology provides real-time, precise item availability, price accuracy, and location, enhancing both in-store and online shopping experiences.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111

Retail Assist

OCTOBER 16, 2024

As retailers expand, they often face unique inventory management challenges, such as handling multiple store locations, coordinating stock across various distribution channels and scaling up to meet fluctuating customer demand. Invest in an ERP with a single, live view of stock levels across multiple locations and channels.

Inventory Management 52

Inventory Management Management Shrinkage Returns 52