Retail Focus

JUNE 10, 2024

During the reporting period, shoplifting offences amounted to 430,104, an increase of 37% when compared with the 315,040 offences noted during the year ending December 2022. Key findings from the report include the number of incidents rising to 1,300 per day in 2022-23 from around 870 per day in the previous year.

Loss Prevention 148

Loss Prevention Shrinkage Point of Sale Shopping 148

Retail TouchPoints

JUNE 15, 2022

To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. And that’s true whether the actual sale happens in-store or continues online. Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. Social Shopping (Livestream).

Payment Services 264

Payment Services Checkout Shrinkage Fast Fashion 264

Independent Retailer

JULY 29, 2022

The most common area in-store that retailers focus on to improve customer engagement is at the Point of Sale (POS). According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. Transforming the POS. retail industry $47 billion in 2017. The Importance of RFID.

Customer Experience 98

Customer Experience Shrinkage Checkout Inventory Management 98

Nvidia

JANUARY 13, 2022

NVIDIA partners Everseen and Graymatics provide asset protection applications at the point of sale to reduce shrinkage and provide customers a faster self-checkout experience. Deep North’s store analytics application is used for queue management, to optimize labor scheduling and store merchandising, resulting in increased sales.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115