Hong Kong, Singapore, Shanghai, Beijing and Tokyo are among the top 20 cities where international retailers have the largest presence, according to the 2012 edition of How Global is the Business of Retail? by global property adviser CBRE.
According to the fifth annual edition of the Global Retail Theft Barometer, retail shrinkage rate in Japan is 1.04 percent of sales, the third-lowest in the world. However, this rate was up 4 percent compared to the previous year. The total shrinkage amount – profit loss due to customer and employee theft, supplier/vendor fraud and administrative errors – in Japan reached JPY774 billion (USD9.96b), the second-highest worldwide, representing almost 53 percent of the total sum in the Asia-Pacific.
Designed to provide retailers with greater flexibility and convenience, Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions, today announced new managed service offerings for both EAS and Traffic Intelligence.
Shrink, which include shoplifting, employee or supplier fraud, organized retail crime and administrative errors, is on the rise globally and had cost the retail industry more than USD112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer.
Total losses represent around 1.4 percent of retail sales on average, the report said.
Undertaken by Euromonitor International, through an independent grant from Checkpoint Systems Inc., the study was based on in-depth phone and written survey interviews in 16 countries.
Saks Incorporated has long established itself as a world-renowned retail icon, known for its unwavering dedication to providing customers with an extraordinary product selection and exceptional service. The company is constantly focused on delivering customers the ultimate fashion discovery experience in accordance with its tagline “Saks: Style. Assured.”
RetailWATCH: Tyco Retail Solutions Gains Significant Global Traction with Recent RFID Inventory Intelligence Retail Deployments
NEUHAUSEN, Switzerland – July 31, 2013 – Tyco Retail Solutions, a leading global provider of retail performance and security solutions, today announced continued momentum with RFID inventory intelligence solutions, noting significant new pilots and extended roll-outs at retailers around the globe. A trusted resource for more than 45 years, Tyco Retail Solutions expects 10 leading global fashion retailers and department stores to pilot or extend pilots or full deployment
Convenience store chain 7-Eleven operates some 50,000 stores worldwide in 16 countries. In the United States and Canada, the company operates 8,000 stores and grew by some 1,000 stores last year alone.
Concerns over store merchandise credit and gift card fraud schemes are growing. This year’s report will focus on a troubling new problem involving gift card and store merchandise credit fraud.
Download this report via the link below.
Omni channel retailing adds the flexibility of cross-channel and mobile shopping to the unique revenue and loyalty building capabilities of the face-to-face retail experience. It offers opportunities to build deeper shopper relationships and enhances the availability promises that can be a risk due to out of stock.
Supply chain visibility and stock availability equals more revenue
This week a video from the IHL Group and a couple of IT posts sparked some thoughts on the evolution of retail as it is accelerating on a technology shoestring budget.