Remove Loss Prevention Remove Markdowns Remove Promotions
article thumbnail

Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. Retailers can leverage customer data to offer targeted promotions, accurate product recommendations, and tailored marketing messages.

article thumbnail

5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

article thumbnail

An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

In addition, they can be greeted by sales associates who can recommend products or inform customers of promotions and events. The rise of at-home delivery forced loss prevention managers to start looking beyond the store. In short, BOPIS opens an opportunity to generate additional revenue and make extra sales.