Retail crime is on the rise. In the UK alone, the loss to retailers from theft totaled £953 million in the last year. This confirms a long-rising trend, as losses have nearly doubled in the region since 2016-17. This trend is reflected elsewhere, in Australia and New Zealand, for example, retail theft has amounted to … Continued
The market has been tumultuous in recent years, with most sectors being affected by the global economic downturn. The retail sector has not been alone in facing these challenges, if anything they have been even more visible in an industry where costs are heavily scrutinized, and margins razor thin. As a retailer operating in the … Continued
Like any retailer, you’re likely currently in the midst the busiest time of the year – for instance, the recent Singles Day and Black Friday. The holiday season also brings with it increased activity and revenue as customers flock to your website or your physical store to complete their shopping. While lots of preparation goes … Continued
The retail industry has faced several changes over the past few years, including increased online trade, digitalization within stores, changes to the workforce and even shoppers’ preferences. These changes have led to further innovation in physical retail stores and even accelerated some existing developments. One such advanced technology that is gaining a lot attention in … Continued
The physical retail industry is constantly looking at ways to use technology to tackle their biggest challenges, especially when faced with increasing competition from online counterparts. The retail pharmacy sector is no exception and due to market shifts and changing restrictions, some have undergone a bit of an evolution. They have moved beyond simply distributing … Continued
Ecommerce and online shopping have become the bedrocks of the retail industry and we’re now in the middle of a third retail shift, characterized by automation, social engagement and hyper personalization. According to a new report titled ‘Radical retail 2030’, shoppers and communities are increasingly becoming co-creators, and the physical world is merging with the … Continued
