Shrinkage
This coverage explores shrinkage within the UK retail industry, examining its causes, impact, and mitigation strategies. Reporting covers topics such as theft, fraud, inventory errors, loss prevention technologies, and staff training — providing retail professionals with insights to reduce losses and protect profitability through operational and strategic measures.
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Jun- 2024 -7 JuneAdvice
Here’s why AI can boost your customer experience
Artificial intelligence is revolutionising industries across the board, and retail is no exception. Historically associated with sectors like healthcare, finance, and digital marketing, AI is now making significant inroads into both physical and ecommerce retail spaces. Hitachi Solutions has estimated that $40bn (£31.4bn) in additional revenues was driven by AI…
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Mar- 2024 -27 MarchFeatures
How can retailers effectively manage their inventory?
Inventory management stands as a fundamental aspect of effective retail store administration. Situated within supply chain management, its objective lies in overseeing the movement of goods from manufacturers to warehouses and ultimately to the point of sale. Inadequate inventory management results in inefficiencies due to the absence of reliable real-time…
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1 MarchFeatures
Top security measures to combat shoplifting
Retailers have recently reported that they are increasingly dealing with a problem of shoplifting in addition to the rising cost of living issues and inflation. Police recorded 342,343 shoplifting offences in England and Wales in 2022/23, up 24% on the previous 12 months. Additionally, according to Co-op’s newly published data,…
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Dec- 2023 -26 DecemberAdvice
The Retailer’s Guide to RFID Tags and Inventory Management
In the fast-paced world of retail, efficient inventory management is crucial for success. RFID (Radio-Frequency Identification) technology has emerged as a game-changer for retailers, offering a more accurate, real-time, and automated way to track inventory. In this guide, we will explore the benefits of RFID tags and provide a step-by-step…
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Aug- 2023 -24 AugustNews
Foot Locker sales fall 9.9% in Q2
Footwear and clothing retailer Foot Locker reported a 9.9% decrease in sales to $1.8bn (£1.4bn) in Q2, compared with sales of $2bn (£1.5bn) in the second quarter of 2022. The company also reported a loss of $5m (£3.9m), compared with net income of $94m (£74m) in the corresponding prior-year period.…
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May- 2023 -22 MayClothing & Shoes
Foot Locker sees 11.4% drop in sales to $1.9bn
Foot Locker has reported a 11.4% decline in total sales to $1.92bn (£1.5bn) for its first quarter ended 29 April 2023, compared with sales of $2.1bn (£1.6bn) in the first quarter of 2022. Excluding the effect of foreign exchange rate fluctuations, total sales for the first quarter decreased by 10%.…
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Jun- 2018 -12 JuneClothing & Shoes
New Look reports operating loss of £74.3m
New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24 March 2018. The embattled retailer had previously reported a 7.3% drop in revenue to £1.35bn for the year to 24 March 2018. In addition, the retailer decreased its UK like-for-like…
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Nov- 2017 -23 NovemberAdvice
Energy – far more than a retailer’s ‘impulse buy’
Recent research has suggested that some £300m worth of energy is being wasted across the UK retail sector. As major energy consumers, retailers have had a tough fight on their hands to balance the challenges of delivering to customers on an increasingly multi-channel and 24/7 basis while also keeping costs…
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