the material lost 2 inches per yard in shrinkage Definition (noun) the amount by which something shrinksDefinition (noun) the act of stealing goods that are on display in a store Synonyms:shoplifting Example Sentence shrinkage is the retail trade's euphemism for shoplifting ...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Shrink (redirected fromshrinks) Dictionary Thesaurus Medical Idioms Encyclopedia A slang term for thelossesaretailcompany suffers from shoplifting. Some companies, such as grocery stores, may build shrink into theirearnin...
shoplifting- the act of stealing goods that are on display in a store; "shrinkage is the retail trade's euphemism for shoplifting" shrinkage larceny,stealing,theft,thievery,thieving- the act of taking something from someone unlawfully; "the thieving is awful at Kennedy International" ...
What Is Shrinkage? The term “shrinkage” usually refers to inventory loss in a retail company. Inventory loss is a common problem in many businesses, where it is referred to as shrinkage. Inventory shrinkage is the reduction in inventory over a period of time that is not due to normal usag...
An open-to-buy plan is a method that retailers use to budget for upcoming inventory. Here’s how to use the OTB formula for your retail store.
Retail lossesWhile the term 'shrinkage' has been in use for over 100 years to describe retail losses, there continues to be little consensus on what it actually means and how it should be measured. As retailing becomes ever more complex and demanding, and a greater range of data sources ...
According to a report by theNational Retail Federation, the retail industry loses nearly $50 billion annually due to inventory shrinkage, a problem that effective inventory management can mitigate By leveraging data and modern inventory management systems, businesses can ensure that inventory levels are...
in theinventory, storage costs, and risks of deterioration, obsolescence, and shrinkage. A dealer holding this year’s automobiles suffers a loss in inventory value when next year’s models are announced, because the autos in the inventory are now “one year old” in the buyers’ eyes. ...
shoplifting,shrinkage- the act of stealing goods that are on display in a store; "shrinkage is the retail trade's euphemism for shoplifting" robbery- larceny by threat of violence biopiracy- biological theft; illegal collection of indigenous plants by corporations who patent them for their own us...
The largest impact of shrinkage is a loss of profits. This is especially negative in retail environments, where businesses operate on lowmarginsand high volumes, meaning that retailers have to sell a large amount of product to make a profit. If a retailer loses inventory through shrinkage, it ...