Showrooming Definition

Showrooming Definition

What Is Showrooming? The term showrooming refers to the practice of visiting brick-and-mortar retail stores to research merchandise before purchasing it online for a lower price. The practice allows individuals to look, touch, and test products before they spend their money, especially for higher-priced products. Showrooming became more frequent with the rise of smartphones and

What Is Shrinkage in Business? Definition, Causes, and Have an effect on

What Is Shrinkage in Business? Definition, Causes, and Have an effect on

What Is Shrinkage? Shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage, and cashier error. Shrinkage is the difference between recorded inventory on a company’s balance sheet and its actual inventory. This concept is a key problem for retailers, as it results in