Tag: shrink

Shrink has become such a problem that the Goodlettsville, TN-based company turned to an AI solution to monitor it, and ultimately made the decision to pull self-checkouts from thousands of stores.  

Diebold Nixdorf, the provider of retail solutions powering transactions and experiences for more than 150 retailers around the world, today began the rollout of its new AI-based checkout solutions, as first seen at the NRF Big Show this month.

Recent research from Grabango reveals self-checkout machines are a significant driver of shrink, with losses amounting to 3.5% of sales - or more than 16 times more loss than traditional cashiers.

We’ve been hearing a lot about shrink and its prevention, as with Walgreen’s supposedly shrink proof store. What is shrink, or shrinkage, really?

Food and beverage is an area where Target Chairman and CEO Cornell said he sees opportunity for continued growth, building on efforts to improve the company’s fresh food supply chain that have been ongoing for the past several years.

According to the USDA, papayas are the most wasted fruit at retail, with 43.1% going unsold, which makes sense given the tropical fruit has less mainstream appeal, easily bruised skin, and vulnerability to chill damage.

The data was released concurrently with the new USDA, Environmental Protection Agency and FDA strategy to reduce food waste as part of the Trump administration’s Winning on Reducing Food Waste Month.