What is the Banana Trick? How Retailers can Fight Back Against Fraud
The Banana Trick Explained: A Produce-Sized Problem The banana trick is surprisingly simple. A shopper takes an expensive item, often meat or electronics, and rings it up as bananas or another cheap produce item at the self-checkout. Why bananas? They’re...
10 Successful Strategies to Reduce Shrink in Your Grocery Store
Understanding Shrink: The Hidden Threat to Your Profits Shrink, or inventory shrinkage, refers to the loss of product inventory that can’t be sold. It’s the difference between the profits you should have made and what you actually made. The Two Main...
How to Avoid Being Short on Cash Register: Essential Tips for Cashiers
According to a recent survey, 40% of cash discrepancies are due to human errors, 25% are caused by system errors, 20% are attributed to theft and fraudulent activities, and 15% result from inadequate performance of cash counting devices. Being short on the cash...