Retail TouchPoints

JANUARY 8, 2024

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%

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Loss Prevention Returns Point of Sale Shipping 261

Retail TouchPoints

DECEMBER 5, 2024

And process returns of stuff people don’t want! Follow evolving protocols as they relate to loss prevention. . — the fulfillment scenarios really are endless. And don’t forget that they need to sell stuff! They likely need to host events, too, since store events are all the rage. Keep the stores tidy. Personalize the experience.

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Payment Services Loss Prevention Fulfillment Shipping 275

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. Addressing Areas of Shrink at the Point-of-Sale (POS).

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Loss Prevention Shrinkage Returns Point of Sale 142

Retail TouchPoints

DECEMBER 13, 2023

For example, they need to support omnichannel services like BOPIS, ship-from-store and seamless returns. Are consumers returning products less often? Everyday items are behind locked plexiglass, but technology will become a key driver of loss prevention efforts. Did you open up the lifetime value of an existing customer?

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Loss Prevention Visual Merchandising Sporting Goods Store Operations 323

I Vend

DECEMBER 10, 2023

Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns. Effective inventory management leads to lower overall inventory costs, fewer lost sales due to stock-outs, and greater customer satisfaction – and ultimately more profit.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94

Cisco Retail

SEPTEMBER 7, 2022

The people counters at the entrance are notoriously inaccurate and the only other reliable point of contact is frequently at the Point of Sale (POS). Do they pick up an item, consider it and return it to the shelf? The same is not true of physical stores. Very little other information is available.

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Loss Prevention Promotions Consumer Point of Sale 122

365 Retail

JANUARY 4, 2023

This approach also supports stock accuracy and loss prevention, as mobile point-of-sale technology automates inventory management. Employees can also easily access inventory data on a mobile device, quickly checking the availability of an out-of-stock item and arranging shipment to the customer. .

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Loss Prevention Customer Experience Inventory Management Point of Sale 72