Author: Veesion Team

Canadian Tire

Written by Veesion Team on February 12, 2025. Posted in Videos.

Veesion leverages AI-driven insights to help teams optimize operations and focus on what truly matters: delivering outstanding customer experiences. More than just a tool, Veesion is a game-changer for retail. By integrating AI into daily workflows, businesses can simplify processes, make more informed decisions, and stay ahead in a competitive market. Canadian Tire’s success story demonstrates how AI can ease the challenges of managing a busy retail environment while opening up new avenues for growth.

Veesion Mobile App

Written by Veesion Team on February 12, 2025. Posted in Videos.

Veesion makes store management effortless. Our AI-powered app consolidates everything you need into a single, user-friendly platform, crafted to seamlessly streamline your daily operations. Instant Alerts: Get real-time notifications to stay ahead when it counts. In-Depth Analytics: Unlock valuable insights with detailed stats to boost performance. Flexible Settings: Personalize alerts, notifications, and more to suit your store’s specific needs. Team Collaboration: Invite team members to ensure everyone stays aligned and on track.

Discover the new experience

Written by Veesion Team on January 31, 2025. Posted in Videos.

Is retail theft or shoplifting a problem for you? The solution: Veesion AI. Our cutting-edge technology automatically detects theft by analyzing CCTV footage from key areas within your store. Watch and discover the Veesion AI experience!

Main cause of Shrinkage

Written by Veesion Team on January 31, 2025. Posted in Blog.

As a quick reminder, shrinkage is the term used in the retail sector to describe the loss of goods. The shrinkage rate measures the difference between the sales turnover a retail business should have made and what was actually made. This rate can be calculated using the following formula: (total cost of losses / sales turnover achieved) x 100. What causes loss of goods? Experts consider the main cause of shrinkage to be shoplifting. What exactly is shoplifting? Shoplifting refers to any act of theft of items from a store. Shoplifting is an issue for all types of retail businesses,...

What is Shrinkage?

Written by Veesion Team on January 31, 2025. Posted in Blog.

Theft poses a significant threat to stores, not just by eroding the trust between store owners and their customers, but also by negatively impacting the store’s financial performance. To measure the extent and impact of theft, we include it in the store’s shrinkage calculations. This approach helps assess the discrepancy between the store’s theoretical inventory and its actual stock. What is Shrinkage? Shrinkage refers to the gap between a store’s theoretical inventory—what it should have based on accounting records—and its actual inventory. Essentially, it reflects the...