Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Inside Retail

SEPTEMBER 3, 2024

Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Inside Retail

JANUARY 30, 2024

Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Often, returning products to the store that fulfilled the original purchase will create inventory excesses and lead to markdowns. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

SEPTEMBER 22, 2021

The rise of at-home delivery forced loss prevention managers to start looking beyond the store. Whereas BOPIS shifts the delivery to the retail premises where store employees and loss prevention practices control every order. Should retailers choose BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41