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.

Shrinkage 310

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 provides an alternate method to keep the store connected at all times.

Sporting Goods 264

Sporting Goods Payment Services Shrinkage Point of Sale 264

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

Loss Prevention 147

Loss Prevention Shrinkage Point of Sale Shopping 147

Retail TouchPoints

JUNE 15, 2022

To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. They simply scan the item or put it in their cart on their phone, pay and walk out with item in tow.

Payment Services 264

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. Online ordering – with online sales growing faster than brick and mortar, many liquor retailers want to offer both online and offline options.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

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.

Loss Prevention 142

Loss Prevention Shrinkage Returns Point of Sale 142

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.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94