article thumbnail

Capri Group Brands to Roll Out RFID in European Markets

Retail TouchPoints

The initial phase of the rollout will focus on optimizing in-store operations and customer experience, followed by the implementation of loss prevention and supply chain solutions.

article thumbnail

The Post-COVID Surge of In-Store Violence and Evolving Loss Prevention Policies

Retail TouchPoints

This increased risk has forced retailers to reconsider their loss prevention strategies. It’s no longer just about stopping theft; protecting staff and customers from harm is now a top priority, prompting retailers to adopt more comprehensive and proactive approaches to loss prevention and safety.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

Yet despite the growing frequency of ORC, retailers would be remiss to focus their loss prevention 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 Loss Prevention Research Council, 68.8% Similarly, 57.8%

article thumbnail

What to do about loss prevention in retail

Retail Focus

While perhaps not the nicest of subjects to talk about, loss prevention is one of the most important topics when it comes to retail environments. So, what else can retailers do to combat loss prevention? Retail Focus casts an eye over the market to find out more.

article thumbnail

AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience. But many of these tasks may just represent the low-hanging AI fruit.

article thumbnail

Newmine Helps Retailers Understand and Correct the ‘Why’ of Returns

Retail TouchPoints

The AI- and natural language processing-powered software was designed to determine the root cause of returns upstream, from planning, design and marketing to customer delivery. Newmine aims to help retailers analyze sales and returns through its Chief Returns Officer platform in order to become better informed about customer actions.

Returns 277
article thumbnail

How retailers can combat shrink and create an enjoyable shopping experience

Inside Retail

The FoxTag is a revolutionary loss prevention system that empowers retailers to take back control. The FoxTag reduces theft by up to 60 per cent when compared to traditional security tags available in the market. The good news is the world’s most innovative security tag is now available.