Retail TouchPoints

SEPTEMBER 17, 2024

billion in losses, up from $93.9 billion in 2021, according to a retail security report from the National Retail Federation (NRF) and the Loss Prevention Research Council (LPRC). Retailers and their loss prevention teams can’t tackle the problem alone. In 2022, shrink caused retailers $112.1

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Loss Prevention Accounting Promotions Management 264

Cisco Retail

MAY 25, 2022

Most retailers attribute 50-60% of losses to associate actions. Increasingly, Organized Retail Crime (ORC) and Cybercrime rank at the top of the list of Loss Prevention (LP) concerns, along with associate fraud and returns fraud. “Shrink” is a $60B dollar issue for the retail industry globally and growing rapidly.

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Loss Prevention Shrinkage Returns Point of Sale 142

Retail TouchPoints

JANUARY 1, 2024

As such, there are many factors to consider when implementing new loss prevention tactics. At the top of that list is the effect locks and cases can have on well-intentioned shoppers when not deployed as part of a holistic, data-led loss prevention strategy.

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Loss Prevention Checkout Point of Sale Location 291

Retail TouchPoints

MARCH 21, 2024

The solution, designed to move the retailer closer to its strategic objective of selling more with less stock, also sets up Woolworths to use RFID for loss prevention and supply chain improvements in the future. We are excited to start this journey with them.

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Loss Prevention Fashion ATS Store Operations 263

Retail TouchPoints

DECEMBER 5, 2024

Follow evolving protocols as they relate to loss prevention. 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. Personalize the experience. Make sure shoppers sign up for loyalty programs and private label credit cards.

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Payment Services Loss Prevention Fulfillment Shipping 275

Retail TouchPoints

SEPTEMBER 8, 2022

Participate in the broader industrywide loss prevention and asset protection activities. Beckner noted that retailers can learn a lot about crime prevention by reading what loss prevention experts have to say about store layouts , de-escalation tactics , investigative techniques and other key developments.

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Loss Prevention Store Layout ATS 298

Retail TouchPoints

JULY 15, 2024

Still, as intelligence-led loss prevention (ILLP) systems that rely on radio frequency identification (RFID)-supported inventory insights to help retailers get ahead of organized retail crime become more common, retailers are considering a change in approach.

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Loss Prevention Outdoor Location Shopping 260

Retail TouchPoints

OCTOBER 7, 2021

The platform is made up of four specialized solutions designed to help users extend use cases and scale based on demand and ambitions: iD Cloud Store, which digitizes in-store stock management; iD Cloud Supply Chain, which focuses on supply chain automation; iD Cloud Loss Prevention, which enables data-driven loss prevention; and iD Cloud Omnichannel, (..)

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Loss Prevention Management 262

Retail TouchPoints

OCTOBER 31, 2023

How can we better integrate the latest anti-theft technologies and loss-prevention research into our store designs from the outset? Are “Brazen Smash-and-Grabbers” doing the most damage, or are the losses coming from quiet, five-finger discounts pulled off by “Sheepish Teens” and “Disgruntled Employees”?

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Loss Prevention Sporting Goods Customer Experience Store Layout 297

Retail Times

FEBRUARY 27, 2025

This indicates that retail security is failing there are obvious gaps in loss prevention strategies today. In this article, Titan Security Europe outline the key security issues facing the retail industry, how retailers can identify the gaps in their loss […] If you want more information Retail Times get in touch!

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Loss Prevention 40

Retail TouchPoints

JANUARY 15, 2024

In fact, 30% of respondents believe that the biggest area of opportunity for AI is in stores to aid omnichannel and loss prevention efforts; and Transforming customer experiences specifically through the use of generative AI. But many of these tasks may just represent the low-hanging AI fruit.

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Loss Prevention Planning Customer Experience Inventory Management 312

Retail TouchPoints

FEBRUARY 23, 2023

It seeks to provide information that can help retailers decipher why customers return merchandise, in time and in season, to prevent future returns from happening in the first place.

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Returns Loss Prevention Planning Marketing 277

Retail TouchPoints

JANUARY 7, 2021

Q-Walk will enable managers to create standardized question sets and surveys for all critical functions at the locations, including cleanliness, merchandising sets, loss prevention and compliance.

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Loss Prevention Location Customer Experience Management 279

Retail TouchPoints

MAY 12, 2022

The solution provider aims to meet the needs of modern, digitally connected retailers by offering solutions across shopper experience, inventory intelligence, loss prevention and operational effectiveness. Sensormatic Solutions has launched an enhanced Sensormatic IQ platform and transformative services.

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Loss Prevention Technical Support Management Consumer 288

Inside Retail

JUNE 6, 2021

The result is costing retailers billions in stock loss each year. The FoxTag is a revolutionary loss prevention system that empowers retailers to take back control. With over two decades experience working with retailers, Vitag is a leading supplier of loss prevention solutions for the Australian and New Zealand retail industry.

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Loss Prevention Shrinkage Shopping Returns 243

Retail TouchPoints

SEPTEMBER 29, 2023

Fred Hand, who has deep experience with discount and department store brands, is now overseeing the retailer’s 1,100+ stores, store operations and experience, loss prevention and store experience and design functions. Kohl’s has hired a new Senior EVP and Director of Stores to help improve brick-and-mortar sales and productivity.

Visual Merchandising 264

Visual Merchandising Loss Prevention Department Stores Store Operations 264

Retail TouchPoints

OCTOBER 13, 2022

The new offering is designed to help deploy a variety of analytics that provide real-time insights on retail-specific use cases related to shopper behavior, loss prevention, safety and security, inventory, shopper demographics and other data.

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Loss Prevention Promotions Customer Experience Planning 278

Retail TouchPoints

JUNE 21, 2023

In fact, in the 2022 National Retailer Security Survey from the National Retail Federation (NRF), nearly nine in 10 respondents said analytics, and store and business intelligence, are what’s needed most to help fight shrink and bolster loss prevention teams.

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Loss Prevention Checkout Marketing ATS 273

DMS Retail

AUGUST 17, 2021

FOR YOUR CONVENIENCE… This 6 hour workshop is separated into two 3-hour sessions Click the link below for all the details: Retail Loss Prevention & Profit Protection Workshop – ONLINE (Registration covers both sessions and includes recording and full presentation emailed following session whether you attend or not.)

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Loss Prevention Shrinkage Planning Management 59

Retail TouchPoints

MAY 8, 2024

One increasingly common way that bias can infect retail AI tools is through AI-powered loss prevention systems that monitor customer behavior, which have been adopted by a string of large retailers. Accordingly, if an AI tool is fed biased data, it may produce biased results, leading to significant impacts on retailers and consumers.

Payment Services 298

Payment Services Loss Prevention Outdoor Consumer 298

Retail TouchPoints

MARCH 18, 2024

My 35-plus years of experience in retail, most of that time being in loss prevention, has taught me a lot. Some insurance companies have loss control or loss prevention professionals who can help. Throughout his retail career, loss prevention has been a consistent focus. Additionally, the U.S.

Planning 279

Planning Loss Prevention Management Location 279

Inside Retail

APRIL 25, 2023

In our recent report , we asked loss prevention managers the most common tactics used, and the most common are still very simple tactics that require no planning,” Townsley said. It’s stuff like putting something in a handbag, or leaving the store with no attempt to hide.

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Loss Prevention Checkout Department Stores Planning 244

Retail TouchPoints

NOVEMBER 18, 2022

The annual survey of retail loss prevention experts found that almost nine out of 10 participating retailers reported an increase in overall risk for their company, with fraud increasing both in-store and online. Thomas is a member of the Rolling Stones Culture Council and the Loss Prevention Magazine Advisory Board.

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Loss Prevention Store Operations ATS Shopping 304

Retail TouchPoints

NOVEMBER 13, 2024

Effective communication systems ensure loss prevention and security can quickly rule out suspicious activity. Employee safety: With open lines of communication, staff can report threatening behavior and receive immediate assistance. Fewer false alarms: Don’t waste resources or disrupt store operations unless the threat is real.

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Loss Prevention Store Operations Accounting Customer Experience 147

Mass Relators

MAY 23, 2023

WASHINGTON — The National Retail Federation on Tuesday announced the recipients of its 2023 NRF PROTECT Awards, which the trade group calls the highest loss prevention and asset protection recognitions in the retail industry. Joan Manson, a leader in the loss prevention space for over 40 years.

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Loss Prevention Marketing Management ATS 52

Retail TouchPoints

FEBRUARY 26, 2024

One prime example: the retailer’s partnership with RetailNext to use in-store traffic analytics for shaping everything from staffing strategies to improving store performance and even loss prevention.

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Loss Prevention Jewelry Payment Services Accounting 299

Retail TouchPoints

JULY 9, 2020

Fast Track also can help improve accuracy for retailers, which can boost loss prevention, reduce errors at checkout and create a better self-checkout experience for customers. Fast Track aims to eliminate the need for consumers to enter product codes via touchscreens by automatically recognizing produce, bakery and specialty items.

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Checkout Grocer Loss Prevention Supermarket 214

Retail TouchPoints

JULY 13, 2023

includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and loss prevention. The Retail Management Suite from Jesta I.S.

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Loss Prevention Management Planning Location 245

Cisco Retail

JULY 17, 2023

Artificial intelligence (AI) usage continues to trend higher, finding prominence in a variety of applications. This includes those that are having a significant impact on how we communicate ideas,… Read more on Cisco Blogs

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Loss Prevention 98

Retail TouchPoints

OCTOBER 27, 2021

Melvin: Inventory intelligence and loss prevention technology can help retailers stay on target during busy times, and when it’s integrated, this data becomes even more powerful, producing actionable insights for retailers to optimize enterprise-wide outcomes.

Consumer 264

Consumer Loss Prevention Fulfillment Shopping 264

Retail Dive

MARCH 19, 2025

Despite adoption plans, companies are grappling with system integration issues, a lack of training resources and frayed customer trust, according to Everseen.

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Loss Prevention Planning 92

A1 Retail

JANUARY 14, 2025

Poundlands head of loss prevention Christina Jesty said: The rate of store theft and colleague abuse has accelerated significantly across our stores in the last 18 months, and this has been very challenging for our people.

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Loss Prevention Shopping ATS 103

Retail TouchPoints

NOVEMBER 7, 2023

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. Organized retail crime is a growing problem. retailer makes, more than $700,000 is lost due to ORC.

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Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

OCTOBER 13, 2020

Moderated by Orlando Ribas Fernandes of XnFinity-XNFY Lab , the first group of startups presenting include: Omnichannel Fulfillment: onfleet – a last-mile delivery platform; Touchless Retail: SuperSmart – a validation and loss-prevention system for Scan & Go; Digital Commerce: Pointr – A deep location company combining indoor location intelligence (..)

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Loss Prevention Merchant Services Fulfillment Returns 285

Retail Prophet

SEPTEMBER 24, 2024

The post Are body cameras the future of retail loss prevention? Doug spoke recently with CTV’s Your Morning about the rise in usage among retailers, of body cameras, worn by staff to deter rising levels of theft. The question is, will they solve the problem, or simply create new ones. Let us know what you think!

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Loss Prevention Customer Experience 52

Inside Retail

SEPTEMBER 3, 2024

Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Focus

APRIL 23, 2024

This new label can give retailers another easy, accessible way to do their part to protect the planet and move the needle on helping reduce environmental impact while maintaining precision loss prevention.”

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Loss Prevention Shipping Customer Experience Management 147