Remove 2020 Remove Loss Prevention Remove Payment Services
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Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

Over the past several months, retailers have experienced challenges and changes they thought they would never see in 2020. Mobile devices have become powerful payment instruments, on the way to replacing traditional cards for in-store purchases in many markets around the globe. And it’s clear that these shifts are here to stay.

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Retail’s use of facial recognition raises red flags for consumers

Inside Retail

The more a business knows about what its customer needs, does, and expects of them, the better its services can be tailored to give them what they want. This, compounded by the fact that most are disappointed in the service they get for sharing said data, is creating tension between retailers and customers.

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Retail Returns Increased to $761 Billion in 2021

VMS

percent during 2020, but online returns are in line with recent years at an average of 20.8 The categories with the highest return rates were similar to 2020 metrics: auto parts (19.4 The most common types of payment used during the original purchase that led to a return were credit cards (22.78 percent) is up from 10.6

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Zebra Technologies releases 16th Annual Global Shopper Study

Mass Relators

Many retailers expect to deploy loss prevention analytics (49%) and demand planning and forecasting (54%) by 2026. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. The Zebra study indicates 36% of retailers believe better analytics on shrink could help drive profitability.

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These Were the Top Retail Stories of 2022

VMS

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. The palm images, after being entered in a kiosk at the 65 locations, link shoppers’ palms to payment cards. Happy New Year. INFLATION ON. YOUR MIND. BEYOND AWFUL.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Major retailers survived 2020 by transforming how they got their products into customers’ hands. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. What is BOPIS?