This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Changing Landscape of Retail Crime With this shift in crime, store owners and managers are facing new challenges. This increased risk has forced retailers to reconsider their lossprevention strategies. But now, we’re seeing a worrying trend toward more violent behavior.
Yet despite the growing frequency of ORC, retailers would be remiss to focus their lossprevention efforts solely on these brazen, smash-and-grab scenarios. In fact, according to the 2023 National Retail Security Survey conducted by NRF, Appriss Retail and the LossPrevention Research Council, 68.8% Similarly, 57.8%
The initial phase of the rollout will focus on optimizing in-store operations and customer experience, followed by the implementation of lossprevention and supply chain solutions.
LossPrevention Technology is Key. A growing number of retailers are increasing their budgets to implement new technologies in order to prevent theft before it takes place. We recommend the Flock Safety ALPR system precisely because it enables businesses to better collaborate with local law enforcement through technology.
billion in losses, up from $93.9 billion in 2021, according to a retail security report from the National Retail Federation (NRF) and the LossPrevention Research Council (LPRC). Retailers and their lossprevention teams can’t tackle the problem alone. In 2022, shrink caused retailers $112.1
As such, there are many factors to consider when implementing new lossprevention 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 lossprevention strategy.
Prepping click-and-collect orders, picking and packing ship-from-store orders, managing store-to-store transfers, etc. — Follow evolving protocols as they relate to lossprevention. the fulfillment scenarios really are endless. And don’t forget that they need to sell stuff! And process returns of stuff people don’t want!
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 LossPrevention, which enables data-driven lossprevention; and iD Cloud Omnichannel, (..)
Still, as intelligence-led lossprevention (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.
This will help managers quickly understand how a specific location is performing compared to corporate expectations and peer stores, helping them prioritize which locations to visit.
Importance of Effective Communication in Retail Security With the increased prevalence of retail crime, the ability to communicate in tandem among security personnel, management and law enforcement is essential. It can help security teams prevent theft, protect your employees and respond right away in case of an incident.
Among the current top use cases for AI in retail are: Store analytics and insights; Personalized customer recommendations; Adaptive advertising, promotions and pricing; Stockout and inventory management; and Conversational AI. But many of these tasks may just represent the low-hanging AI fruit.
The solution provider aims to meet the needs of modern, digitally connected retailers by offering solutions across shopper experience, inventory intelligence, lossprevention and operational effectiveness. Sensormatic Solutions has launched an enhanced Sensormatic IQ platform and transformative services.
The result is costing retailers billions in stock loss each year. The FoxTag is a revolutionary lossprevention system that empowers retailers to take back control. With over two decades experience working with retailers, Vitag is a leading supplier of lossprevention solutions for the Australian and New Zealand retail industry.
My 35-plus years of experience in retail, most of that time being in lossprevention, has taught me a lot. Now, as the retail consultant at Acuity Insurance, I work with retail customers – from large multilocation retailers to small mom-and-pop shops – to help manage risks like this. Additionally, the U.S.
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 lossprevention. Since its beginnings, Daniel’s Jewelers had given its store managers Sundays off. “We
The Retail Management Suite from Jesta I.S. includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and lossprevention. and Livestock banners, and plans to open as many as 80 additional stores in the country over the next five years.
The final Startup Innovation Lab will be presented by Karonda Cook, Sally Beauty Cultivate Program Manager and former Director of Merchandising; and Monica Proctor, Co-Founder and CEO of Curlanistas (winner of the inaugural Cultivate program). Startup Innovation Lab #3, 4-4:30 pm ET, Oct.
In our recent report , we asked losspreventionmanagers 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.
FOR YOUR CONVENIENCE… This 6 hour workshop is separated into two 3-hour sessions Click the link below for all the details: Retail LossPrevention & Profit Protection Workshop – ONLINE (Registration covers both sessions and includes recording and full presentation emailed following session whether you attend or not.)
Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Lossprevention: Employs advanced surveillance techniques to detect and prevent shoplifting. This means you can get the most out of each product you are selling.
According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the LossPrevention 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.
WASHINGTON — The National Retail Federation on Tuesday announced the recipients of its 2023 NRF PROTECT Awards, which the trade group calls the highest lossprevention and asset protection recognitions in the retail industry. Joan Manson, a leader in the lossprevention space for over 40 years.
Walmarts use of robots: Walmart has deployed robots in many of its stores for tasks like scanning shelves for inventory management, cleaning floors, and sorting deliveries in backrooms. RPA can handle tasks like order processing, inventory management, and data entry, reducing the workload on human staff and minimising errors.
Unfortunately, while larger stores often have security measures like lossprevention personnel, anti-theft sensors and other helpful solutions, those measures usually aren’t financially feasible for small and mid-sized businesses. James Stark is the Segment Development Manager for Retail at Axis Communications.
Ensure all team members from cashiers to managers are aware of best practices to follow. For IT teams, moving to a single unified security platform makes it much easier to manage and upgrade hardware over time. Your unified system can even streamline access rights management in one central platform.
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 lossprevention.”
The trade fair offers a broad spectrum of detailed solutions including merchandise & supply chain management, POS soft and hardware, HR, robotics, security & lossprevention, cash management and pricing.
The cloud opens the doors to new efficiencies and reduced loss, especially when you consider the retail operations that include hundreds (if not thousands) of stores across a distributed network of stores and corporate headquarters. Securing and capturing camera and sensor data is only the first step.
Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, lossprevention and personalized marketing. She has experience building and managing both startup ($0-$100M) and large enterprise technology businesses around the globe.
Burt Flickinger, Managing Director at retail consultancy Strategic Resource Group, told the outlet, “Nowadays you can see shampoos are locked up, along with acetaminophen and Tylenol and multipacks of toothpaste locked up. The new anti-crime measures have industry observers warning about their effect on shoppers.
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.
In partnership with Sensormatic Solutions TrueVue Cloud platform, Avery Dennison has been able to offer an RFID solution that is able to capture and manage the item-level data, enabling the brand to track the inventory process from production to quality control and then to finished goods. This has delivered dramatic productivity improvements.
Both stores in malls and freestanding stores should use an access control solution for rooms like stockrooms and offices to ensure only the right people — including the right employees or managers — can enter. When designing your retail space, where and how you use security cameras is key to lossprevention.
Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and lossprevention 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.
Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Throughout his retail career, lossprevention remained a focus. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.
The good news is that retailers can use video surveillance in tandem with a dynamic lossprevention program to address this complex problem. Here are some effective ways that retailers can use security camera to enhance security: Manage Retail Inventory. Remotely Manage Retail Locations. Reduce Retail Theft .
The good news is that retailers can use video surveillance in tandem with a dynamic lossprevention program to address this complex problem. Here are some effective ways that retailers can use security camera to enhance security: Manage Retail Inventory. Remotely Manage Retail Locations. Reduce Retail Theft .
Hedgie Bartol serves as a Segment Development Manager for Retail in North America at Axis Communications. In this role, Bartol works closely with partners and retailers on strategic surveillance installations designed to maximize lossprevention and streamline business operations.
Real-Time Communication When it comes to handling a potential lossprevention scenario, store teams need to be prepared to react quickly in the moment. Theatro’s hands-free, voice-controlled devices enable seamless communication among store associates, managers, and security personnel.
Packaging can also contribute to lossprevention strategies by incorporating security seals or tamper-evident features. Chris Thompson is Senior Marketing Communications Manager for QC Conveyors. Material Considerations The selection of materials for retail packaging is crucial, balancing visual appeal and functionality.
And there was certainly some reality to it: the Retail TouchPoints 2023 Store Operations Benchmark Survey of retailers themselves revealed that “reducing theft/shrink” was a top store-level workforce management challenge for 46% of respondents, second only to the 53% citing employee training and empowerment.
A moment of both gratitude and lossprevention. They can be conceived and implemented to allow businesses to more creatively manage resources and spending, because it’s an economy they control. Matson : There are two things: For most businesses, this isn’t a moment for acquiring new customers. Quid pro quo.
Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. By outsourcing payroll management, timely salary disbursements, tax deductions, and labor regulation compliance become hassle-free.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content