During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed...
Executives at Home Depot said opioid addiction in the U.S. might be part of the reason for a recent escalation of thefts in its stores, Bloomberg reported on Wednesday (Dec. 11). An organized band of thieves are swiping merchandise totaling millions and stowing the goods...
Retailers got hurt from two directions last year: When they weren’t getting straight-up robbed, they were being defrauded from within. And it all contributed to industry losses totaling $44 billion for the year. This information comes from the National Retail Federation (NRF)/University of Florida National...
While the news from the 2015 National Retail Security Survey wasn’t all great — with retailers having suffered losses in the previous year to the tune of $44 billion — there was, it turns out, a silver lining. The overall shrink percentage reported — 1.38...
March 14, 2024
Dollar General is cutting back on its offering of self-checkout options, saying it is doing so to improve the customer experience and to reduce inventory shrink. This change follows a year in which the retailer saw an increased level of shrink, the company said in a Thursday (March 14) earnings release. Inventory shrink, or shrinkage, is the loss […]
December 12, 2019
Executives at Home Depot said opioid addiction in the U.S. might be part of the reason for a recent escalation of thefts in its stores, Bloomberg reported on Wednesday (Dec....
July 02, 2015
Retailers got hurt from two directions last year: When they weren’t getting straight-up robbed, they were being defrauded from within. And it all contributed to industry losses totaling $44 billion...
July 02, 2015
While the news from the 2015 National Retail Security Survey wasn’t all great — with retailers having suffered losses in the previous year to the tune of $44 billion —...
