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.
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 provides an alternate method to keep the store connected at all times.
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Retail Focus
JUNE 10, 2024
One such business is Harrison Retail , which has been partnering with retailers on point-of-sale (POS) around the world for 28 years. 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
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. Online ordering – with online sales growing faster than brick and mortar, many liquor retailers want to offer both online and offline options.
Cisco Retail
MAY 25, 2022
Shrinkage means the retailer has less physical inventory than their system reflects. Addressing Areas of Shrink at the Point-of-Sale (POS). The term “shrink” refers to action that negatively impacts the inventory accuracy, and hence, the ability to fully realize potential revenue.
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. Retail analytics of financial reporting and inventory management data can help to pinpoint shrinkage and drill down into its location and cause, giving retailers a better chance of reducing it.
I Vend
DECEMBER 10, 2023
Effective inventory management leads to lower overall inventory costs, fewer lost sales due to stock-outs, and greater customer satisfaction – and ultimately more profit. Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold.
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