Retail TouchPoints

NOVEMBER 11, 2024

Unlike surge pricing or dynamic pricing, dynamic markdowns ensure consumers consistently receive the best value while helping retailers manage inventory and reduce shrinkage. This approach not only promotes affordability but also enhances sustainability by reducing waste and improving shelf rotation in supermarkets.

Markdowns 162

Markdowns Supermarket Shrinkage Consumer 162

Inside Retail

AUGUST 27, 2023

While value for money is undoubtedly a large focus for retailers moving forward, stamping out shrinkage is another. Both supermarkets also explained that organised crime syndicates are becoming more sophisticated, and are hitting harder.

Shrinkage 130

Shrinkage Dead-Stock Department Stores Apparel 130

Inside Retail

NOVEMBER 17, 2024

They are looking at things like speed and convenience, and self-checkout has become commonplace in all supermarkets and convenience stores today. He believes AI-powered computer vision technology used to reduce shrinkage will help identify instances of customers swapping cheap items for expensive ones by changing labels.

Shrinkage 130

Shrinkage Consumer Checkout Supermarket 130

Retail TouchPoints

OCTOBER 25, 2021

With the ability to increase the number of devices and people connected to the network, retailers finally have the technology and price point required to move this from a concept to a mainstream solution, including high-volume big box stores and supermarkets.

Payment Services 317

Payment Services Shrinkage Consumer Accessories 317

Retail TouchPoints

NOVEMBER 10, 2022

Some shoppers are stocking up on Instacart and then running into their local supermarket for a fill-in trip. Are online more of a weekly stock-up trip, and the trip to the store more for when they forgot eggs or need some specific ingredient? But those data lapses don’t mean your ecommerce program isn’t working.

Consumer 306

Consumer Advertising Shrinkage Marketing 306

Inside Retail

FEBRUARY 15, 2023

In the US, for example, department store Target recently blamed a US$593 million reduction in its gross profit on organised retail crime, with shrinkage causing its profit margin to fall by around US$400 million. “We

Shrinkage 245

Shrinkage Department Stores Management Supermarket 245

Inside Retail

MAY 19, 2021

Drakes Supermarkets is losing around $10 million each year largely due to theft in stores, according to company director John-Paul Drake. 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 Global problem.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147