Inside Retail

MARCH 4, 2022

We can aim to maximise the quality of our product or service. Cash-In-Transit (CIT) services. Maximise profits, minimise shrinkage. Shrinkage is a problem that affects up to 95 per cent of all businesses, and it hurts everyone (business owners, employees, customers). It’s a powerful word in business. Banking fees.

Shrinkage 162

Shrinkage Payment Services Customer Experience Accounting 162

Retail TouchPoints

NOVEMBER 7, 2023

The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC. What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

Wiser

JUNE 23, 2020

Mobile payments and rewards, the drive to provide healthier options, and consumers’ demand for fast service without compromising on quality have affected every type of restaurant. Quick service restaurants in particular have had to respond to the rise of fast-casual dining. You don’t want to be invisible there.

Payment Services 78

Payment Services Shrinkage Location Marketing 78

365 Retail

SEPTEMBER 1, 2024

With its network of linked devices, IoT is not only improving retail operations but also altering the customer experience in ways unthinkable a few years ago. IoT in the context of retail refers to a broad spectrum of uses from smart shelves and linked payment systems to tailored consumer interactions and predictive analytics.

Payment Services 122

Payment Services Shrinkage Checkout Consumer 122

I Vend

MAY 8, 2024

Here’s some of the key ways that an integrated POS systems for wine and liquor can underpin growth strategies for wine and liquor stores: POS – integrated POS software for wine and liquor stores helps with efficiency at the checkout, enhancing the customer experience and streamlining operations in wine and liquor stores.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

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 aligning these two is not only an accounting problem; it’s an operational responsibility of a business owner.” The payment on the credit card goes to the vendor right away.

Payment Services 107

Payment Services Shrinkage Accounting Management 107

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

A robust Point of Sale (POS) system is at the heart of this transformation, serving as the backbone of modern retail operations. A Retail Point of Sale (POS) is a technology solution that enables businesses to process transactions, manage sales, and track inventory at the point where customers make purchases.

Payment Services 52

Payment Services Point of Sale Inventory Management Customer Experience 52

Inside Retail

JUNE 28, 2022

The more a business knows about what its customer needs, does, and expects of them, the better its services can be tailored to give them what they want. The software is used to gather evidence on repeat offenders, and is largely used to prevent theft and shrinkage. In the world of modern retail, it’s clear that customer data is king.

Consumer 130

Consumer Payment Services Shrinkage Loss Prevention 130

Mass Relators

OCTOBER 25, 2023

Seven in 10 retailers say the pressure is mounting to improve the efficiency and expense of managing online orders, returns, and the fulfillment process. As omnichannel shopping continues to grow, the volume of returns increases along with it.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

Retail TouchPoints

AUGUST 30, 2021

I have very vivid memories about Service Merchandise , a now-defunct business with a unique ordering process focused on catalog inventory. Service Merchandise was a bit more fun than today’s similar IKEA shopping experience because it carried more than mediocre DIY housewares and furniture. Don’t remember it?

Payment Services 279

Payment Services Shopping Jewelry Shrinkage 279

Retail TouchPoints

JUNE 15, 2022

Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. Staff feel more important to the sales process without the mundane task of answering the same questions over and over.

Payment Services 264

Payment Services Checkout Shrinkage Fast Fashion 264