Every retailer’s dream is to grow and flourish while maintaining their initial character and a “small-store” feel. But as retailers grow, maintaining that close customer connection, even in a specialty store, can be difficult. Topher Mallory, CEO of US retail brand Mexicali Blues, understands the importance of balancing shifting customer Read More
Tag: store inventory
Zebra Technologies recently announced Zebra SmartSense™ for Retail asset visibility solution, an enterprise asset intelligence (EAI) offering that reportedly delivers deeper visibility into retail operations, provides better business insights and enables smarter decisions.
This solution combines UHF RFID, video, and a micro-location capability to identify and track the journey and location Read More
By Gary Oberman
For retailers around the globe, one of the greatest sources of loss comes from the inside. The problems of employee dishonesty and payroll fraud are real. According to the Jack L. Hayes International 25th Annual Retail Theft Survey, internal theft issues are increasing at a rate of 5.5 percent every year and Read More
In the 2015 US Retail Fraud Survey, retailers across the country identified analytics and monitoring as the number one area of need. With the average US retailer experiencing shrinkage at a level comprising 1.3 percent of total sales (resulting in an annual $60 billion loss industry-wide), it’s no wonder that Read More
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a very special award from ECR Europe to celebrate 15 years of the group and the delivery of an estimated €1.5 billion (~ $1.6 billion) in savings for the industry.
As Sir Terry Leahy, former CEO of Tesco, once Read More
What does inventory shrinkage mean to you?
For most companies, the answer to this question would be obvious: a significant problem, and usually something that is getting worse, not better, despite unprecedented developments in technological solutions and growing loss prevention budgets.
Some retail companies across the globe are gleaming examples of how Read More
By Chris Batson
Loss prevention in distribution centers (DCs) provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with reduction of shrink and generating a sufficient return on investment to justify their programs.
Given the growing investment in supply chain inventory management, how Read More
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively affect bonuses and department morale. At times, unacceptable results may even lead to dismissal.
Forward-thinking LP professionals, like golfers in search of the key that will elevate Read More
By Joan Sparks
While maintaining store safety and reducing shrink will always be the core focus of retail security solutions and loss prevention teams, these solutions have evolved in a way that can better support retailers’ goals of increased business intelligence and positive customer experiences. When retailers strategically integrate these technologies with store Read More
Big data is a very large amount of complex data that can be structured, semi-structured, and unstructured. This can be a collection of traditional data sources, digital data sources from both inside and outside of your organization, social media, or public records, just to name a few. The reality is Read More