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. days, and one doubled its sales in one year.

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Shrinkage Bar Codes Shipping Finance 310

Retail TouchPoints

FEBRUARY 21, 2023

5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. 5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. 5G-enabled tools can allow for order picking and inventory management.

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Sporting Goods Payment Services Shrinkage Point of Sale 264

Retail TouchPoints

JUNE 15, 2022

Customers book an appointment online and then shop in-store, creating a more curated feel while making life easier for associates to manage. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. This trend is happening in other areas, too.

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Payment Services Checkout Shrinkage Fast Fashion 264

I Vend

MAY 8, 2024

An integrated point of sale captures key customer and sales data, which can be analysed to uncover additional ways to engage customers or increase your wine and liquor store efficiency. Inventory management – Managing inventory in wine and liquor retail can prove to be a big headache.

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Shrinkage Inventory Management Payment Services Point of Sale 91

I Vend

DECEMBER 10, 2023

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

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Shrinkage Inventory Management Store Layout Checkout 94

I Vend

AUGUST 6, 2023

Using your point of sale system to track performance, across every element of the retail operation, has never been more important. This data can help you determine which products are your best – and worst – sellers, to inform your product assortment decisions and stock management.

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Point of Sale Inventory Management Shrinkage Promotions 96

Nvidia

JANUARY 13, 2022

Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. NVIDIA partners Everseen and Graymatics provide asset protection applications at the point of sale to reduce shrinkage and provide customers a faster self-checkout experience. Improving Logistics.

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Shrinkage Checkout Inventory Management Point of Sale 115