Case Study

High shrinkage level at Magasin du Nord

High shrinkage level at Magasin du Nord

Pages 2 Pages

Case study High shrinkage level at Magasin du Nord StoreVision solution diminished the Magasin’s shrinkage level – of an average of 1.2% of the annual sales turnover. BusiNess CHalleNge Magasin Du Nord (known simply as Magasin) is the big- gest chain of department stores in Denmark. Magasin has stores in Kongens Nytorv and Fields (in Copenha- gen), Lyngby, Rødrove, Odense and Aarhus. The group has more than 1.200 full-time employees, ap- proximately 20.000.000 transactions annually and had the financial year 09/10 revenues of 1.9 Billion kroner. Back in 2006 Magasin was registering high shrinkage numbers which the Security Department wanted to take action upon right away. storeVisioN solutioN Magasin needed a solution that would enable its Secu- rity team to work more efficiently and s

Join for free to read