The Past, Present and Future in Shrinkage Data
Mike Jeffs
December 15, 2020
The UK is reported to have the highest level of shrinkage in Europe.
The Hark Blog - Archive
The Energy Innovation Summit: One Year On – Part Two
Mike Jeffs
November 10, 2020
Following on from part one of the Energy Innovation Summit, we have further insights from Jon Bumstead, Founder & Chairman Neutral Supply Chain and Ricky Higgins, Business Development Manager at Powerstar.
Convenience Stores; The Inconvenient Truth of Retail
Mike Jeffs
October 23, 2020
Retail shrinkage is the destruction of profit margins through the loss of stock…
Five Contextual Factors Which Increase Retail Shrinkage
Mike Jeffs
August 19, 2020
In order to understand the factors which impact retail shrinkage, we must first analyse data at a store level, to see how this relates to some socio-demographic, economic and criminal contextual factors…
Five Strategies for Loss Prevention in Retail
Mike Jeffs
August 11, 2020
Retail loss costs UK businesses a staggering £11 billion per year, more than any country in Europe. Even more than the GDP of Monaco, and over 20 times the net worth of the Queen of England.
Measuring and Scoping Retail Loss
Mike Jeffs
July 22, 2020
Retail loss can amount to a significant sum of money if left unchecked, as estimates put shrinkage at around 2% of annual revenue lost. Measuring and scoping retail loss is the first step in reducing this…
What is Retail Shrinkage?
Mike Jeffs
July 16, 2020
Retail shrinkage is described as anything that attributes an unwanted loss of inventory, including breakage, wastage, theft, admin error and vendor fraud.
Has the pandemic changed the way we shop for good?
Mike Jeffs
June 25, 2020
With many shops now re-opening their doors and strict social distancing regulations, means customers shopping experience has drastically changed, which in turn has significantly impacted customer behaviour.
Remote Building Management During Lockdown
Mike Jeffs
May 11, 2020
The UK is starting to ease some of the lockdown measures but there are still a substantial amount of buildings that are currently vacant…
Retail Battery Storage: Fridges replace Tesla Batteries
Mike Jeffs
April 20, 2020
The concept of industrial batteries taking buildings off-grid to reduce pressure on the National Grid is becoming increasingly popular. However, some companies have started taking this one step
IoT, The Digital Skin of Planet Earth
Mike Jeffs
April 15, 2020
We recently featured in Raconteurs prestigious report, IoT for Business. The report investigated the continued widespread application of IoT; from the security of connected devices
The True Business Value of IIoT in Manufacturing
Mike Jeffs
March 20, 2020
For many years the manufacturing sector has been stuck in a rut when it comes to technological advancements. The unwillingness to change current operations has
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