The True Cost Of Shrinkage
Abbie Moakes
October 5, 2020
According to the ‘Retail Security in Europe, Going beyond Shrinkage’ report, UK retailers lose almost £11bn annually in shrinkage – the highest of any country
The Hark Blog - Archive
Better, Faster, Stronger – Our Energy Tool
Bradley Halstead
October 5, 2020
Insight into consumption levels is the key to becoming more energy efficient, but gaining this information involves in-depth analytics which is a lengthy process that Energy Managers and Asset Owners don’t typically have the time to fulfil, meanwhile all of this valuable information is being lost…
The Retail Sector is Bouncing Back: Loss Prevention is the Low Hanging Fruit
Angus Doherty
September 23, 2020
At the beginning of lockdown in the UK, many supermarkets were facing panic buying mayhem, with stores experiencing Christmas-level shopping without any of the stock preparation…
CNG Energy chooses Hark for revolutionary energy analytics
Jordan Appleson
September 17, 2020
Multi-award-winning commercial energy supplier CNG has chosen Hark to innovate their energy monitoring in order to provide instant access to consumption data and insight.
How to Implement an Effective Energy Management Strategy
Angus Doherty
August 21, 2020
Effective energy management is the stringent control of energy consumption.
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.
The Top Sources of Retail Shrinkage
Jordan Appleson
July 13, 2020
Shrinkage is a part of every retail company’s reality and the largest impact of shrinkage is profits loss…
WWDC 2020 – Our Top Announcements
Andrew Hathaway
June 30, 2020
The week commencing 22nd of June hosted Apple’s annual World Wide Developer Conference.
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.
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