
The True Cost Of Shrinkage
According to the ‘Retail Security in Europe, Going beyond Shrinkage’ report, UK retailers lose almost £11bn annually in shrinkage – the highest of any country
According to the ‘Retail Security in Europe, Going beyond Shrinkage’ report, UK retailers lose almost £11bn annually in shrinkage – the highest of any country
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…
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…
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.
Effective energy management is the stringent control of energy consumption.
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.
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