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…
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.
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…
Retail shrinkage is described as anything that attributes an unwanted loss of inventory, including breakage, wastage, theft, admin error and vendor fraud.
Shrinkage is a part of every retail company’s reality and the largest impact of shrinkage is profits loss…
The week commencing 22nd of June hosted Apple’s annual World Wide Developer Conference.
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.
We’re back with Bev from Bruntwood, and we’re going to continue talking about energy management and sustainability along with various other topics related to how
Energy monitoring is the process of tracking, recording and visualising energy consumption, which can be across an entire facility or right down to an asset.
Studies have shown energy costs for an average UK supermarket is approximately £438.50 per hour and lighting accounts for 20% of all electricity in commercial buildings…
Considering the nature of their business, supermarkets need to have large-sized facilities in order to stock their full range of products, alongside industrial refrigeration equipment to host fresh and frozen goods…
Stay up to date with the latest industry news, platform developments and more.
