What is shrink?
The proper definition in an easy concise explanation is this: The loss of product inventory. Shrink falls into two categories—operation management issues and theft. When shrink occurs in a supermarket, it differs from the retailers based on grocery items expiring.
The growing problem at both the store and corporate level towards product expiration in Supermarkets today are caused by three main problems: task management, lack of priority, and inefficiencies brought on by product trends. The issue of product expiration has been the Achilles heel for Supermarkets looking to distinguish themselves from the competition through a…
In efforts to extend their brand, Kroger has added a dietitians and nutritionist to their care model, organically growing as an industry leader in health and wellness.
The Little Clinic from Kroger is testing out nutritional counseling in Nashville, Tenn., Columbus and Cincinnati, Ohio, and Denver
For retailers, shrink caused by perishable items amount to a lot of money.
Items such as meat, dairy, fruit, vegetables and flowers expire prematurely when temperatures are handled incorrectly. The final quality of the product is determined at the distribution centers and during the transportation.
With Halloween quickly approaching, we thought it might be appropriate to highlight the “horror stories” that can come from having expired products in your stores. We will not focus on anyone that is still in business, but there are examples out there of news crews going into grocery stores and publicizing the expired products that they find. No one wants to be identified as a store that sells expired products, but what can that look like if it happens?
Managing expired products is a pain. With the average grocery store carrying 40,000 different SKUs, it is nearly impossible to prevent having expired products on your shelves. But what can you do today to do a better job?
Today, many supermarkets have abandoned rotating when stocking center-store products in favor of a spot-checking schedule. Using this method, items are checked by section or aisle according to a scheduled cycle.
Keeping store shelves free of expired food can be a much more difficult task than it appears on the surface. If you have ever picked up an item on the shelf that is a few months past the expiration date, you might find yourself wondering how that is possible. However, when you take a step back and look at the whole store, it isn’t that surprising.
On average $61,000 are lost to expired products in each grocery store per year. Date Check Pro has done a combination of compiling existing research, and collecting some of our own to put together the featured infographic to show how expired products really do affect shrink and a grocery store’s bottom line. The good news…
As children grocery shopping with mom or dad, we all would take a gander at the cakes as our parents strolled through the bakery department. A lot of the cakes had room for customization for birthdays, anniversaries, retirements, etc. But what happened to the cakes if the name John wasn’t supposed to have the ‘h’ in it? Does it simply get thrown away? We were curious to find out, so we decided to do our own study.