Retail TouchPoints

NOVEMBER 10, 2022

It now sits at an estimated 22% of all sales, according to a 2022 Morgan Stanley global ecommerce forecast report , which notes that “Over the long term, the ecommerce market has plenty of room to grow and could increase from $3.3 trillion today to $5.4 trillion in 2026.”. This is where retailer partnerships are so important.

Consumer 306

Consumer Advertising Shrinkage Marketing 306

Retail TouchPoints

NOVEMBER 23, 2022

AI-powered solutions with object and people detection can help retailers reduce shrinkage and improve safe shopping conditions. Marc Tanguay serves as Senior Marketing Manager for the Smart Video segment at Western Digital. The Smart in Smart Video.

Merchant Services 290

Merchant Services Shrinkage Store Layout Customer Experience 290

Retail Focus

JUNE 10, 2024

What new and innovative options are available to the market to clamp down on thieves and, critically, what can retailers do to avert the potential of loss prevention before it actually becomes a threat? Retail Focus casts an eye over the market to find out more. So, what else can retailers do to combat loss prevention?

Loss Prevention 147

Loss Prevention Shrinkage Point of Sale Shopping 147

Retail TouchPoints

JULY 18, 2024

In an industry still struggling with a tight labor market, choosing which technology to arm store associates with becomes a critical decision. For example, if your stores don’t have reliable network connections, it’s a good idea to seek out technology that operates in offline mode with no loss of efficiency.

Customer Experience 278

Customer Experience Kiosk Shrinkage Shipping 278

Retail TouchPoints

FEBRUARY 21, 2023

5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. He leads product design, solutions engineering, and technical marketing as SVP and General Manager at Inseego. A pallet of goods can be tracked from departure at the manufacturing site through transit to the store.

Sporting Goods 264

Sporting Goods Payment Services Point of Sale Shrinkage 264

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. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

I Vend

MAY 8, 2024

The alcoholic drinks sector is a large and growing market that shows no sign of slowing down. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

Wiser

JUNE 23, 2020

Restaurants like Chipotle, Panera, and Blaze Pizza brought quality ingredients, tech-enabled customer experiences, and hip marketing to the dining public. Leverage Digital Marketing Channels, But Don’t Ignore Traditional Ones. Reduce Shrinkage. You don’t want to be invisible there. Understand the Competitive Landscape.

Payment Services 78

Payment Services Shrinkage Location Marketing 78

Inside Retail

DECEMBER 16, 2021

“Our goal is to continue leading the streetwear fashion industry and expand our market into Australia, Americas, and Europe,” the brothers told Inside Retail in an email interview. Currently, we are getting acknowledged by European clients and soon foresee growth in that market.”. Riding the hallyu wave. Heading to Europe in 2023.

Shrinkage 130

Shrinkage Fashion Marketing Consumer 130

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.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

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.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147

Retail Gazette

JANUARY 23, 2025

We are committed to getting Poundland back on track and will provide an update at our Capital Markets Day in early March, said a Pepco Group spokesperson following the release its results last week. The sales struggles are largely attributed to the retailers shift in sourcing its clothing and general merchandise at group level.

Shrinkage 105

Shrinkage Grocer Returns Marketing 105

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.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 130

365 Retail

SEPTEMBER 1, 2024

Focused Recommendations: IoT allows stores to take customised marketing to the next degree. Reducing Shrinkage: In retail, inventory shrinkage brought on by theft, fraud, or mistakes presents a major problem. IoT’s more advanced monitoring and security solutions can help to lessen this problem.

Payment Services 120

Payment Services Shrinkage Checkout Consumer 120

Wiser

JULY 22, 2024

This approach, supported by data analysis and marketing insights, helps avoid devaluing the brand. Data-driven marketing and segmentation are prioritized to adapt sales strategies to current retail trends, preserving brand value and customer loyalty.

Shrinkage 78

Shrinkage Inventory Management Management Consumer 78

Wiser

FEBRUARY 29, 2024

The interplay between economic fluctuations and labor market trends was another dominant discussion point. Whether it’s due to macroeconomic trends or industry-specific shifts, adapting to a leaner mode of operation can safeguard against unpredictable market movements.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Small Biz Trends

JULY 26, 2022

It causes monetary shrinkage to income and manufacturers, along with other businesses for an extended period of time. And there are now so many great tools out there for front office automation, your social media and your marketing automation and your digital store where you sell your goods.

Payment Services 111

Payment Services Shrinkage Accounting Management 111

Mass Relators

DECEMBER 12, 2022

Fueled by a surge in organized retail crime, shrinkage costs the industry almost $100 billion a year, according to National Retail Federation’s “2022 Retail Security Survey.” McMillon told CNBC that Walmart is taking steps to enhance security at vulnerable stores and working with law enforcement agencies to combat shrinkage.

Shrinkage 52

Shrinkage Loss Prevention Consumer Shopping 52

I Vend

AUGUST 6, 2023

Reporting has always been important in retail – understanding sales tracking figures, inventory levels and the impact of marketing for example. Customer data tracking – understanding customer behaviour is the first step to creating personalised loyalty and marketing campaigns.

Point of Sale 96

Point of Sale Inventory Management Shrinkage Promotions 96

A1 Retail

OCTOBER 12, 2021

Loss prevention teams call this inevitable outcome “external shrinkage”. Which is why it is so encouraging to see retailers utilising new technology to reduce the impact of shrinkage. But it wouldn’t make good business sense to continue to accept this as part of the cost of doing business. The industry limits.

Shrinkage 40

Shrinkage Loss Prevention Checkout Supermarket 40

Wiser

JANUARY 12, 2021

If you’re selling a big-ticket item with low turnover and high shipping and shrinkage costs , you might end up actually eroding your margin with keystone pricing. We often see this strategy used in luxury markets or when a product is highly differentiated from its competitive offerings. Prestige Pricing vs. Keystone Pricing.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

Frank Mayer

JANUARY 14, 2022

“When the shelter-in-place orders first took effect, delivery services like Instacart and Uber Eats boomed and programs like curbside pickup and BOPIS were essential,” says Cheryl Lesniak, Director of Marketing at Frank Mayer and Associates, Inc. Customer Experience Predictions for 2022.

Customer Experience 79

Customer Experience Kiosk Checkout Shrinkage 79

Mass Relators

MARCH 7, 2024

Kroger said it also executed its go-to-market strategy to deliver value for customers. ” The post Kroger’s Q4 earnings beat expectations appeared first on MMR: Mass Market Retailers. The company grew digital sales by more than 10%, excluding the 53 rd week, and increased loyal households and customer visits. million to $4.8

Shrinkage 52

Shrinkage Returns Promotions Customer Experience 52

Star Miconics

JULY 5, 2024

Restaurant & Bar Point-of-Sale Systems Impact Printers in the Modern Restaurant Kitchen The SP700 impact kitchen printer by Star Micronics is one of the most trusted on the market. These inventory tracking solutions also provide managers with invaluable data, revealing sources of shrinkage and waste.

Inventory Management 59

Inventory Management Shrinkage Point of Sale Management 59

Retail Assist

OCTOBER 16, 2024

This efficient approach minimises shrinkage and operational costs, supporting scalable growth. These challenges make it difficult for retailers to meet customer demand and adapt to evolving market changes effectively. Additionally, streamlined processing speeds up refunds or exchanges, improving customer satisfaction and brand loyalty.

Inventory Management 52

Inventory Management Management Shrinkage Returns 52

Mass Relators

OCTOBER 25, 2023

However, about 80% of retail decision-makers and associates agree store shrinkage and theft is a major issue with self-checkouts. Moving Modern Retail Forward Consumers have high expectations for technology. The post Zebra Technologies releases 16th Annual Global Shopper Study appeared first on MMR: Mass Market Retailers.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage. Rising Operational Costs Apparel retailers face rising operational costs, including rent, labor, and marketing expenses.

Apparel 52

Apparel Fashion Inventory Management Management 52

Retail Times

MARCH 30, 2021

Explore new markets and discover new customers while Vend takes care of your products, inventory and orders as you take off. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. Learn More. Stay organized and vigilant. Further Reading. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

Personalize marketing campaigns and loyalty programs. Reduces shrinkage by monitoring stock movements and flagging discrepancies. Customer Relationship Management (CRM) A CRM module allows businesses to understand and engage their customers better. Store and manage customer information and purchase history.

Payment Services 52

Payment Services Point of Sale Inventory Management Customer Experience 52

Inside Retail

AUGUST 27, 2023

We’re confident that we can continue to hit the lowest price in the market, and make good margins which are appropriate for our shareholder returns. While value for money is undoubtedly a large focus for retailers moving forward, stamping out shrinkage is another. Labour, leases, and clearance stock So, what are those levers? [It]

Shrinkage 130

Shrinkage Dead-Stock Department Stores Apparel 130

Retail TouchPoints

AUGUST 30, 2021

The catalog showroom approach was based on the idea that it reduced the risk of merchandise theft (known in the industry as shrinkage), while also enabling customers to shop without the inconvenience of carrying purchases throughout the store while you were still browsing.

Payment Services 279

Payment Services Shopping Jewelry Shrinkage 279

Retail Geek

NOVEMBER 30, 2021

The Salesforce shopping index combines data and holiday insights on the activity of more than a billion global shoppers across more than 54 countries powered by Commerce Cloud, billions of consumer engagements and millions of public social media conversations through Marketing Cloud, and customer service data powered by Service Cloud.

Shipping 52

Shipping Consumer Shopping Promotions 52

Inside Retail

NOVEMBER 15, 2022

During the past five years, as consumer and regulatory pressure has forced manufacturers and retailers shipping goods to deliver sustainable solutions, Ranpak has continued to benefit, its technology deployed by major multinational brands and local e-commerce companies alike in 52 international markets.

Drop-Shipping 246

Drop-Shipping Shipping Dead-Stock Shrinkage 246

Star Miconics

APRIL 12, 2024

Modern Labeling Technology The teams at these shops must ensure they work accurately; mistakes and shrinkage can account for 4-10% of inventory loss. Another challenge labeling solutions can help you overcome is operating in markets with increasing competition.

Shopping 59

Shopping Shrinkage Kiosk Returns 59

Retail Gazette

DECEMBER 23, 2024

At Cobham, these products are presented in a wide, open space in the centre of the store, which is more open, bright and with more staff able to have they eyes on the area, which in turn is driving an uplift in sales and reduced shrinkage.

Outdoor 105

Outdoor Supermarket Grocer Department Stores 105