Blog

aaeaaqaaaaaaaai5aaaajgm3mzkymjm2lwy1mzqtnde5ni1intniltlmnzbmmje2zgewmw

​​Loss Prevention: Unsaleables Causes and Solutions, Part 3

As we close this series on loss prevention and unsaleable products, we explore possible solutions owners, managers, and associates alike can begin implementing to bring about vast improvement. In part one, we presented a high level overview of the challenges related to the loss prevention of unsaleables. In part two, we zeroed in on how stock rotation, product dating, and product discrepancies can potentially exacerbate shrink and create consumer confusion.

1478884642_4935_0f3d8fdcf4eadfcb036827b1c47b5b2a

​​Loss Prevention: Unsaleables Causes and Solutions, Part 2

Previously, we presented a high level overview of the challenges related to the loss prevention of unsaleables. Specifically, we examined how logistics, shelf life management, and the coordination between retailers and manufacturers all play an intricate role in reducing shrink. All of these factors can be small pieces of a larger problem or, on the positive end of the spectrum, small pieces of a larger solution when adequate changes and adjustments are made to facilitate loss prevention efforts.

dairy-in-poland-2

​Loss Prevention: Unsaleables Causes and Solutions, Part 1

According to GENCO, unsaleables are products that are removed from the primary distribution channel. Although each has unique characteristics, unsaleable products can include customer returns, expired products, OS&D (over, shorts & damages), spoils, outdates, exceptions, warehouse damages, and deductions.

how-to-tell-if-a-dented-can-is-safe

​Reducing Damaged Product Within Unsaleables

When it comes to unsaleables, there are several factors that can contribute to the overall numbers. One area in particular that can result in unsaleables is damaged products. According to FMI, the average annual sales for a supermarket—based on a weekly average sale of $516,727—is roughly $26,869,804. Within these numbers, the average percentage of unsaleable for a store is 2.7 percent with 4 percent of that margin directly resulting from damaged goods.

mj-99-84-01-grocery-bags

​Amazon Pushes Private Label

After its May announcement, Amazon has continued to push forward in rolling out their new lines of private label brands, including its first thrust into perishable goods.

organic_chicken_breasts_1024x683_large

​Millennial Parents Shifting the Market Towards Organic and Antibiotic-free

A recent survey released by the West Coast poultry powerhouse Foster Farms, reveals that the attitudes of Millennials in regards to food concerns, consumer interests, and purchasing behaviors and preferences are significantly steering the food industry in a new direction.

arb-inside-for-website

​Small Health Food Chains Up Against Big, Niche Stores

In Central Florida, like other places in the United States, it is often the case that small health food stores serve as a community’s pioneers in the markets of organic food, natural health products, and vitamins.

02-25_bshr_wolf_creek_89b

​Utilizing Vendor Scarcity Techniques

Studies suggest that people have an ingrained fear of shortage. Whether this is a psychological hangover from the days of lean harvests and not having enough food to tide us over during the winter months is up for debate.

However, it remains true that retailers can tap into these subconscious anxieties to gently persuade customers to add impulse purchases to both their online and in-store carts.

photo-1418669112725-fb499fb61127

​Consumer Experiences: Emotional Ratings of Various Vendors

Publix, Chick-fil-A, and Food Lion are among the companies that earned an “excellent” score in a recent study conducted by the Temkin Group that compared a wide variety of organizations and industry verticals. These companies, along with other supermarkets and fast-food chains like Kroeger, Save-a-Lot, and Wegmans, received top ratings from consumers.

web-supermarkets-alcohol-ge

Learning From ​Independent Grocers Turnaround in 2015

Despite a two-year decline in profits, North American independent grocers were able to turn these numbers around in 2015. The NGA’s Independent Grocers Financial Survey reports strong financial indicators for the industry, confirming what many already know: independent grocers are resilient and driven towards continued improvement.

Download Success Snapshot Sign up and see how Date Check Pro helped Metcalfe's Markets.