Tag: Retail Shrink


Is Shoplifting in Canada a Serious Issue?

Is Shoplifting In Canada A Serious Issue? Let’s face it; shoplifting in Canada has reached worrying levels, and quickly turning into an issue that is engulfing the entire retail sector. It’s not a question of whether it is an issue or not. It is – but what we should be more concerned is how rampant and serious shoplifting has become in Canada. Let’s Talk Hard Numbers According to a recent CBC study, 10% of shoppers that walk into a retail store are shoplifters “WOW”. Also, 80 percent of Canadians claim to have......

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Who Benefits If All Sears Locations Close?

W 2018 has not been kind to Sears Holdings Corp., the parent company of Kmart and Sears brand stores. For one, its stock plummeted by more than a whopping 75 percent in the last 12 months, and they are closing locations left, right, and center. In September 2018 alone, the retailer closed down over 68 stores countrywide and another 142 locations by the close of the year. That’s why it came as no big surprise when it filed for Chapter 11 bankruptcy. The truth of the matter is that Sears isn’t going......

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Cashier-Less Store, What are the risks?

When deciding to open a cashier-less retail store, there are some risks to be considered. Amazon’s cashier-less retail store is open to the general public and has received much scrutiny. Therefore, the motive behind cashier-less retail store is compelling. The risks include: -IN-STORE EXPERIENCE Shoppers want remarkable experience when they enter into a store. They want to interact with products, enjoy the personalized experience and engage their senses with creative sights, smells, tastes, and touch. In a cashier-less store, this will be a risk and cannot improve a customer’s in-store experience. -SYSTEM FAILURE......

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How will delivering of groceries change the grocery store format of today?

In grocery retail, all eyes are on the prize of capturing the online grocery shopper. With everyone working overtime to get the last-mile delivery logistics working, they are overlooking the bigger opportunity right in their store aisles–make the in-store grocery shopping experience better. Most Americans still like to shop in-store for groceries Of course, Amazon is way out in front with an estimated share of the online grocery market with full integration. Most recently Amazon introduced free two-hour grocery delivery from Whole Foods for its Prime members in some trial markets and......

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