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Follow evolving protocols as they relate to lossprevention. Personalize the experience. And process returns of stuff people don’t want! They likely need to host events, too, since store events are all the rage. Keep the stores tidy. Make sure shoppers sign up for loyalty programs and private label credit cards.
That means asking questions like: What more can be done to deter theft using store layout, customer flow, shelf height, mirrors, lighting and the placement of gondolas, merchandise and security cameras? What are the most customer-friendly ways to protect high-value items from smash-and-grabs? Here are three possible areas of focus.
That’s worrying in an increasingly competitive environment where customer engagement and user experience are becoming more important than ever. A camera can detect the difference between an article of clothing and a television, but probably not the difference between a Rolex and a Timex.
customerexperience). Nothing is more difficult than seeing the problem from another’s vantage point — this is where the executive sponsor plays a critical role. We are already observing a good share of retailers revisiting their shopper experience to tackle organized crime. Baird: Store KPIs really need to change.
includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and lossprevention. The Retail Management Suite from Jesta I.S.
It’s long been a retail “business basic” to keep stores clean, both for purposes of hygiene and to create a positive customerexperience. Some stores were literally in flames, and there were lossprevention issues at others. Some stores were left with nothing but the walls.
Aaron Stamm is a Retail Consultant at Acuity , which he joined in 2017, bringing with him more than 35 years of experience in a broad range of retail. Throughout his retail career, lossprevention remained a focus. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.
Through Retail Media Strategies, retailers can display location-based and personalised purchase recommendations on digital signage, encouraging customers to engage with promoted products and generating additional revenue through supplier cashback schemes.
From marketing automation to network automation, workflow automation to equipment automation, using technology to automate tasks or functions allows retailers to focus on delivering the best customerexperiences. Technology brings capabilities to retailers that help address tasks in more reliable, consistent ways.
Effective inventory management leads to lower overall inventory costs, fewer lost sales due to stock-outs, and greater customer satisfaction – and ultimately more profit. Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold.
A process that might seem perfectly logical to a Developer may not deliver the expected benefits to customers and store teams in real-life scenarios. To achieve successful implementation, retailers must ensure that they involve store teams in the new technology journey and customerexperience design, right from the get-go.
As counterintuitive as it is, we all know losses are an accepted norm in retailing. Factored into the bottom line, as sales increase for stores, so will the losses of product inventory. Lossprevention teams call this inevitable outcome “external shrinkage”. More than one way to sell an item.
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