Dec 14, 2011 | General, Retail, Supermarkets
Dec. 14 2011 – DCR The loss of merchandise in a retail store through theft or damage is referred to as shrinkage or sometimes just shrink. The average shrink percentage in the retail industry in 2010 was about 1.5% of sales costing U.S. retailers over $35.28...
Dec 2, 2011 | General, Retail, Supermarkets
A study by the National Retail Federation showed losses of up to $37.1 billion dollars directly to the retailer as a result of inventory shrinkage. In fact, 43.7 percent ($16.2 billion) of total losses was due to employee theft! Internal theft even accounted for more...
Nov 9, 2011 | General, Restaurants
Excerpt from QSRmagazine.com Author: Barney Wolf Restaurants and other businesses that capture and store credit and debit card data on their computers will be required to meet updated security standards beginning next year. Version 2.0 of the guidelines, developed by...
Oct 27, 2011 | General, Retail, Supermarkets
“According to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch, holiday shoppers say they plan to shell out an average of $704.18 on holiday gifts and seasonal merchandise, down slightly from last...
