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...
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...
Oct 19, 2011 | General, Restaurants, Retail, Supermarkets
Representatives Jason Chaffetz (R-Utah) and Bill Owens (D-N.Y.) are introducing legislation in the U.S. House to repeal the Durbin Amendment, the debit-card interchange fee regulation in the Dodd-Frank Wall Street Reform & Consumer Protection Act. In comes H.R....
Sep 29, 2011 | General, Retail, Supermarkets
The CIC expressed its disappointment with TLC’s reality show Extreme Couponing stating that it creates unrealistic expectations of coupon strategies and use.”The show appears to portray coupons being used in violation of the terms and conditions printed on...
