Loss Prevention Marketing Shrinkage 
Retail Focus
JUNE 10, 2024
While perhaps not the nicest of subjects to talk about, loss prevention is one of the most important topics when it comes to retail environments. So, what else can retailers do to combat loss prevention? Retail Focus casts an eye over the market to find out more.
Inside Retail
JUNE 6, 2021
Retail profitability can be critically impacted through stock loss with inferior or outdated protection systems. Retailers face continual challenges with increasingly sophisticated shoplifters causing in-store ‘shrinkage’. The FoxTag is a revolutionary loss prevention system that empowers retailers to take back control.
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Inside Retail
SEPTEMBER 3, 2024
It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.
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. It can spot if a cashier is discounting more than other employees, or if their level of returns or refunds is higher than the store average.
Retail Focus
AUGUST 8, 2023
Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence. Outsourcing digital marketing and Search Engine Optimization (SEO) tasks to specialized agencies can boost your brand’s visibility, attract more website traffic, and ultimately drive sales.
Inside Retail
MAY 19, 2021
We lose approximately $10 million a year on shrinkage – that covers a range of things but the majority of that is goods that are unaccountable,” Drake said. “It’s Our intel has told us that these are being sold through flea markets, through social marketplaces, and, from what we can gather, they’re being swapped for drugs.
Inside Retail
MAY 25, 2023
Factoring in the roughly US$700 million of inventory shrinkage that occurred in 2022, mainly attributed to retail crime, the company is on track to lose up to a total of US$1.2 billion due to organised retail crime over the past two years alone. Walmart is cited as a prime example. It’s the best move they can make,” he noted.
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