Reitmans Ord Shs V.RET.A

Operating Margins with Self Checkout

[TheCount11]

Canadians are slowly becoming comfortable with Self Checkout. 
Zara is currently rolling out self checkout with security features.  This will lower their operating costs (labour and shrinkage).  Sooner or later Reitmans will take the plunge.  This will make their store network even more profitable than e-commerce as Reitmans currently has free shipping and returns.  Zara does not offer free return shipping.

Zara is also selling used clothing.  Preowned test markets are Spain, Germany and France.

Zara had an amazing Q1 with sales up 13% and net income up a staggering 54%.
Sales are up 16% from May 1st to June 4th!

[laurencelefou]

Checkout with security features.  I have seen them in the Decatlhon Stores located in Quebec.  Strange feeling, you throw your items in the box and the machine automatically reads a tag and prints out the bill.   Humm, if Reitmans installs those checkout machines, Reitmans could easily increase its profit margins. https://www.youtube.com/watch?v=V8JvIK9rGeQ

[TheCount11]

Thanks! Yeah Decathlon also has a robot that does inventory counts. https://www.youtube.com/watch?v=3gv3mnn2YKk I think its a good idea.  I bought items from different stores during holidays to give as Xmas gifts.  Most stores had great service but one really pissed off me off as there was a long line with only one cashier while two employees were chatting. More accurate &