Retail TouchPoints

NOVEMBER 20, 2023

That’s why it’s important to understand the most common forms of theft and the measures you can take to prevent loss without deterring valued customers. External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022.

Payment Services 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

Payment Services 246

Payment Services Inventory Management Checkout Loss Prevention 246

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

JULY 1, 2020

It’s been estimated that there are 48 trillion reward points worth $360 billion sleeping in customer accounts across the globe. A moment of both gratitude and loss prevention. They can be conceived and implemented to allow businesses to more creatively manage resources and spending, because it’s an economy they control.

Loss Prevention 264

Loss Prevention Consumer Boutique Advertising 264

Independent Retailer

JULY 8, 2021

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem. Remotely Manage Retail Locations.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem. Remotely Manage Retail Locations.

Loss Prevention 98

Loss Prevention Shrinkage Management Location 98

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

VMS

OCTOBER 21, 2021

She joins the company with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process improvement and technical accounting.

Loss Prevention 93

Loss Prevention Visual Merchandising Finance Accounting 93

Retail TouchPoints

OCTOBER 15, 2020

When they do, they create accounts and pass credit checks using stolen consumer information. They then order and intercept items before these can be delivered to the unsuspecting victim, who is mostly unaware of accounts opened in their name or goods purchased on their account. Tokenized Data is Useless to Fraudsters.

Payment Services 147

Payment Services Planning Accounting Loss Prevention 147

Inside Retail

MARCH 27, 2022

In this Post-Covid trading environment, where online sales are now accounting for 25 per-cent or more of retail sales, the majority of Australian retailers are reviewing their physical store network. Sales team performance management. Loss prevention. There are a number of areas that retailers are focusing on.

Loss Prevention 130

Loss Prevention Accounting Management Fulfillment 130

Inside Retail

MAY 19, 2021

Drake recently began outing what he called “repeat offenders” by sharing CCTV footage on his social media account @shake.and.drake. When are people going to take accountability for their actions?” “It’s happening in all stores and it’s weekly. We are a family business, and it is a big cost to us.”.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147

Retail Focus

JANUARY 13, 2023

Value Added Friction: A New Way to Look at Loss Prevention at Self-Checkout. End-to-End Digitalisation in Claim Management. Anke Schmidt, Dirk Rossmann GmbH, Management Board for an International Retail and Purchasing Organisation. Michał Wesołowski, Checkpoint Systems, Strategic Account Manager.

Loss Prevention 130

Loss Prevention Checkout Management Accounting 130

Inside Retail

AUGUST 17, 2023

Customer theft has long been recognised as retailers’ primary source of loss, accounting for about half of all crime-related losses. As a result, substantial investment and effort have been dedicated to this issue by Loss Prevention (LP) teams.

Loss Prevention 130

Loss Prevention Customer Experience Management Accounting 130

Cisco Retail

AUGUST 12, 2022

Additionally, EU customers who had set up their accounts in the US prior to data residency availability have an option to migrate their organization’s data and user content to the EU. FedRAMP stands for the “Federal Risk and Authorization Management Program.” Granular Controls and Data Loss Prevention. Bring Your Own Key.

Loss Prevention 145

Loss Prevention Technical Support Management Accounting 145

Cisco Retail

APRIL 22, 2022

From provisioning new sites, to creating all the accounts and assignments a new associate needs to perform their daily tasks, many technology infrastructure tasks can be automated. Infrastructure Automation. Those tasks need to be consistently and reliably implemented as additions or changes are made to the environment.

Loss Prevention 98

Loss Prevention Point of Sale Fulfillment Accounting 98

Cisco Retail

AUGUST 25, 2023

While this approach can and has worked, it significantly increases the complexity, and results in an environment that is difficult to monitor and manage effectively due to multiple administrative interfaces, less than optimal integrations, and gaps in security due to multiple point product solutions and vendors.

Management 98

Management Loss Prevention Accounting Marketing 98

Cisco Retail

AUGUST 26, 2022

At the RSA Conference 2022 earlier this year, Jeetu Patel, Cisco’s Executive Vice President and General Manager of Security and Collaboration, spoke of how the ‘cybersecurity poverty line’ is widening and how malicious actors are taking advantage of this gaping hole to unleash persistent attacks. Read more here. Read more here.

Management 145

Management Returns Loss Prevention Accounting 145

RETAIL MANAGEMENT SOFTWARE

JULY 15, 2024

Managing a jewelry store comes with its own unique set of challenges. From keeping track of high-value items to ensuring that every piece is properly cataloged and accounted for, the stakes are high. Thankfully, advanced jewelry inventory software can revolutionize how you manage your stock, ultimately boosting your sales and profits.

Jewelry 52

Jewelry Inventory Management Loss Prevention Management 52

DMS Retail

JULY 25, 2021

Most retailers have a position of Regional Manager and/or District Manager somewhere on their organizational chart or matrix or whatever they wish to use to indicate lines of authority and accountability. Of course, accountants will look at expense reports and proclaim too much money is being spent.

Loss Prevention 59

Loss Prevention Planning Management Returns 59

Retail Next

SEPTEMBER 10, 2019

Conversely, if you pay bills late, you are likely to get hit with late fees, which could have a negative impact on your bank account, and potentially cause you to fall behind with other vendors. That means maintaining financial records through an accounting software program. Keep Accurate Financial Records.

Finance 59

Finance Payment Services Loss Prevention Accounting 59

365 Retail

MAY 5, 2023

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Additionally, it can help monitor employee behaviour and prevent internal theft. Retailers are also using facial recognition for queue management.

Store Layout 81

Store Layout Promotions Inventory Management Advertising 81

DMS Retail

APRIL 3, 2020

If some consultant tells you that this statement is false… “If you can’t measure, you can’t manage.” Loss Prevention. If you don’t know retail math, you can’t effectively manage a retail business. Management. It does not prove that you can manage without measuring.

Loss Prevention 40

Loss Prevention Management Advertising Accounting 40

Retail Assist

JANUARY 17, 2023

Physical retail accounts for 75% of sales in the UK and new stores are opening all the time. One innovation we hope will gain more traction is scan-less self-checkout - it uses RFID tags for quick and easy checkout, reduced queues, integrated loss prevention and automatically updated inventory.

Customer Retention 52

Customer Retention Payment Services Loss Prevention Checkout 52

Retalon

APRIL 27, 2021

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. Online sales now account for more than 20% of total retail sales. Online sales are as mission-critical as in-store sales to today’s retail business.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

SEPTEMBER 22, 2021

Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better. Tighter inventory management gives you better visibility into key inventory performance metrics. Secure order pickup.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail TouchPoints

MARCH 18, 2025

Despite the slightly less nefarious nature of these kinds of incidents, gun violence still accounted for 1,642 fatalities and 3,295 injuries in 2024; 551 of those fatalities happened at retail. The most common gun-related incident is a personal dispute that escalates , followed by a weapon being discovered but not used and shooting threats.

Location 162

Location Merchant Services Outdoor Loss Prevention 162

365 Retail

NOVEMBER 22, 2023

Loss Prevention platforms with a host of applications In order to make such additional security tools available for their retail customers the providers of self-checkout solutions act as drivers of computer-vision technology. “The These possibilities are also the daily business for Re-Vision (a Business Unit of Extenda Retail).

Payment Services 105

Payment Services Loss Prevention Checkout Shopping 105

Cisco Retail

JUNE 15, 2021

A future firewall may look and feel very different, but it will be there – even if hidden behind some policy abstraction layers or managed entirely by someone else. Over time, NGFW added more and more DPI functions, such as intrusion prevention (IPS), malware detection, and data loss prevention (DLP).

Loss Prevention 140

Loss Prevention Management Accounting Consumer 140