Retail TouchPoints

NOVEMBER 10, 2022

That lens could include category sales share, unit volume/share, percent of ad sales versus total sales, percentage of ecom sales versus total sales, Total Advertising Cost of Sale ( TACoS) and competitor growth/shrinkage, which are all viable KPIs with varying levels of available measurement. It means we still have much to learn.

Consumer 306

Consumer Advertising Shrinkage Marketing 306

Retail Focus

JUNE 10, 2024

“Our forward-thinking and proactive approach to projects is why retailers turn to us to combat stock shrinkage, collaborating with retailers by understanding their unique challenges. “We

Loss Prevention 147

Loss Prevention Shrinkage Point of Sale Shopping 147

Retail TouchPoints

AUGUST 22, 2023

This refers to “smash and grab” mobs making well-planned, coordinated raids to rob stores. It took a couple of years to push through the INFORM legislation aimed at reducing ORC, and during that time thousands of stores closed because shrinkage became unacceptable. The stolen merchandise is then sold via online marketplaces.

Payment Services 246

Payment Services Accounting Shrinkage Consumer 246

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. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail Gazette

FEBRUARY 28, 2024

John Lewis Partnership’s operations director has said the business is creating “better quality jobs”, despite plans to reduce its headcount by 11,000 in the next five years. Simcock said headsets being worn by staff in some Waitrose stores was helping to increase customer metrics, reduce shrinkage and help employees “feel safer”.

Shrinkage 110

Shrinkage Customer Experience Planning Department Stores 110

I Vend

MAY 8, 2024

An integrated wine and liquor store POS system allows retailers to analyze data from every part of the system – sales, inventory, customer behaviours – and make informed business decisions, build campaigns, pinpoint areas of shrinkage, and identify processes and areas of the business that need attention.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

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. The challenges retailers face within areas of high crime rates is staff safety.

Shrinkage 130

Shrinkage Loss Prevention Location Planning 130

Cisco Retail

MAY 25, 2022

Over 50% of asset protection executives state that they plan to invest in LP technology. Shrinkage means the retailer has less physical inventory than their system reflects. Retailers are increasingly turning to technology to augment traditional LP methods, since those methods really do not prevent loss, but simply record it.

Loss Prevention 142

Loss Prevention Shrinkage Returns Point of Sale 142

Retail Focus

AUGUST 8, 2023

This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This liberates valuable time for retailers to concentrate on core business activities and strategic planning. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

According to recent research, nearly half of all retailers have already invested in in-store technology, and over 80% of the remainder plan to do so within the following year. Less than 30% report having true visibility into managing stocks, pricing and promotion execution, planogram compliance, and allocation and assortment planning.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111

DMS Retail

AUGUST 17, 2021

Receive practical check list and other tools to use when implementing Loss Prevention programs in their organization.

Loss Prevention 59

Loss Prevention Shrinkage Planning Management 59

Nvidia

JANUARY 13, 2022

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. NVIDIA ReOpt is an accelerated solver for machine learning that optimizes vehicle route planning and logistics in real time.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

I Vend

AUGUST 6, 2023

Inventory management – metrics such as stock turnover levels, and days of inventory remaining can be used to accurately plan purchasing and replenishment strategies and minimise the chance of stock outs. Sales trends and analysis data shows the patterns that allow you to plan and forecast more accurately.

Point of Sale 96

Point of Sale Inventory Management Shrinkage Promotions 96

Frank Mayer

JANUARY 14, 2022

As the new year dawns, 2022 CX strategies across industries will continue to center on convenience and consumer satisfaction by nurturing omnichannel plans and implementing the latest technology. It’s why today, we watch new movie releases on Netflix and pre-order our groceries on an app. The Hybrid Shopping Experience.

Customer Experience 79

Customer Experience Kiosk Checkout Shrinkage 79

Mass Relators

MARCH 7, 2024

This improvement in rate was primarily attributable to strong Our Brands performance, sourcing benefits, lower supply chain costs, and the effect of our terminated agreement with Express Scripts, partially offset by increased price investments and higher shrinkage. Adjusted FIFO operating profit of $4.6 million to $4.8 billion. .

Shrinkage 52

Shrinkage Returns Promotions Customer Experience 52

Mass Relators

OCTOBER 25, 2023

Many retailers expect to deploy loss prevention analytics (49%) and demand planning and forecasting (54%) by 2026. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. The Zebra study indicates 36% of retailers believe better analytics on shrink could help drive profitability.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Managing inventory levels to meet demand during peak seasons while avoiding overstock during slower periods requires careful planning and forecasting. Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage.

Apparel 52

Apparel Fashion Inventory Management Management 52

Retail Times

MARCH 30, 2021

For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. You can have robust tools and solid inventory plans in place, but if you don’t have the right employees to implement them, you’re still going to run into stockout issues. Further Reading. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

Reduces shrinkage by monitoring stock movements and flagging discrepancies. Follow these steps: Plan and Define Your Goals – Before implementation, clearly define your objectives, such as improving operational efficiency, enhancing customer experience, or streamlining inventory management.

Payment Services 52

Payment Services Point of Sale Inventory Management Customer Experience 52

Retail TouchPoints

MAY 6, 2021

Walmart in late November 2020 announced plans to acquire the platform, intellectual property and staff of last-mile delivery startup JoyRun. Competitive companies rely on focus and understanding their core competencies, solving tasks such as shrinkage and stock-out, and then taking those savings to tackle larger AI projects.

Fulfillment 344

Fulfillment Shrinkage Department Stores Returns 344

Retail TouchPoints

JUNE 15, 2022

To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. According to one survey , more than one-third of retailers plan to invest in livestream shopping in 2022, and 30% also intend to implement virtual reality shopping. App Utilization. Social Shopping (Livestream).

Payment Services 264

Payment Services Checkout Shrinkage Fast Fashion 264

Retail Geek

NOVEMBER 30, 2021

we saw a shrinkage of 6% of product catalogs so retailers are being conservative. First cyberweek in the u.s. They’re selling what they know or hope is available but there is a concern as we go into these last couple of.

Shipping 52

Shipping Consumer Shopping Promotions 52

Retail Gazette

DECEMBER 23, 2024

Sephora, Birmingham Last month Sephora unveiled its latest store in Birmingham as the beauty giant ramps up its expansion plans for the UK, targeting 20 stores across the nation. London is a global hub of fashion and creativity, so we are proud to expand and evolve our presence here.

Outdoor 105

Outdoor Supermarket Grocer Department Stores 105