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Utilising the Retail Relief Package for Long-Term Survival
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Mike Jeffs

Utilising the Retail Relief Package for Long-Term Survival

Rishi Sunak announced that the UK Government are releasing a £4.6 billion relief package scheme to the retail, leisure and hospitality sectors. These sectors are to be given up to £9,000 one-off grants. Additionally, £594 million will be given to councils to help the businesses impacted by local lockdowns who are not eligible for the new payments.

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Theft is on the rise; how can retailers prepare?
AI
Mike Jeffs

Theft is on the rise; how can retailers prepare?

One of the biggest economic consequences of the coronavirus pandemic is the exceptionally high increase in unemployment, which due to a combination of business closures and cutbacks, is set to rise to 2.6 million by mid-2021. Sadly, the vulnerability of those with less available income can often result in crime spikes, and subsequently have a direct impact on theft levels within stores. There has been a 66.7% increase in shrinkage-related theft which correlates with the rise of unemployment in the UK. With this mind, retailers will have to adapt and protect against this spike in theft.

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AI
Mike Jeffs

Top Strategic Technology Trends for 2021

The global pandemic has reshaped our nation by fast-forwarding digital transformation. To survive the waves of uncertainty businesses are left to re-engineer digital strategies to support sustainability and change. The biggest change for many has been adopting remote working as a norm, and technology is what made this possible.

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The Past, Present and Future in Shrinkage Data
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Mike Jeffs

The Past, Present and Future in Shrinkage Data

The UK is reported to have the highest level of shrinkage in Europe. The main cause of shrinkage in the UK is theft which accounts for over £5.5billion per year with over 1,000 daily incidents happening at the checkout! The top stolen items include the likes of delicious cheese, alcohol and sweets. A common way that sneaky shoppers are taking full advantage of less-than-intuitive self-checkout systems is by replacing expensive products with in-expensive products of similar weight!

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What is Retail Shrinkage - harksys.com
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Mike Jeffs

What is Retail Shrinkage?

Retail shrinkage is described as anything that attributes an unwanted loss of inventory, including breakage, wastage, theft, admin error and

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