Chief Financial Officer Michael Fiddelke, said inventory shrinkage – items that are stolen, lost, damaged or otherwise unaccounted for – has reduced Target's gross profit margin by more than $400 ...

Inventory shrinkage is a costly issue that enterprises face, leading to billions of dollars in losses annually. While theft often comes to mind first, the reality is that shrinkage can occur at ...

Target's escalating inventory shrinkage problem, driven by theft and organized retail crime, is projected to reduce profitability by over $0.5 billion year-on-year. The company's considerable ...

Retailers have been beseiged by challenges over the last several years, as consumers shop increasingly online for several reasons, including fear of crime. Later this morning, Alpine Investors’ ...

A growing number of retailers are blaming retail theft for hurting their profits this year. Estimates say inventory shrink will exceed $100 billion for 2023, with over a third due to external theft.

Michael J. Fiddelke, Target's chief financial officer, said this week that inventory shrink remains a major "headwind" for the company, two months after Target cited the closing of nine stores on ...

ORLANDO, Fla.--(BUSINESS WIRE)--OneRail, an innovative provider of solutions in last mile omnichannel fulfillment, announces the launch of a new Inventory Visibility solution within its OmniPoint ® ...

Weaker demand for office space and a push to convert vacant towers into new uses are combining to trim office space from certain markets across the country. A number of U.S. office markets are seeing ...

The retailer said it lost $400 million in 2022 to inventory shrinkage, or organized theft. Walmart also has a shrinkage issue. Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up On ...

DICK's Sporting Goods Inc. (DKS), the largest U.S. sporting goods retailer, reported a sharp profit decline for the most recent quarter amid tepid sales growth and an increase in inventory theft, ...