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While perhaps not the nicest of subjects to talk about, lossprevention is one of the most important topics when it comes to retail environments. Unfortunately, theft and shop lifting are issues that cause regular issues for all retailers, in some cases even on a daily basis, and leave them out of pocket.
Follow evolving protocols as they relate to lossprevention. The store continues to endure as the centerpiece of the vast majority of shopping journeys, and Bruno’s experience makes him ideally suited to help retailers prioritize their technology and experience strategies. And process returns of stuff people don’t want!
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.
Sadly, in addition to imagining how people will shop the store, designers need to think harder about how they might steal from it, too. How can we better integrate the latest anti-theft technologies and loss-prevention research into our store designs from the outset? Here are three possible areas of focus.
includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and lossprevention. The Retail Management Suite from Jesta I.S.
Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and lossprevention and in-store analytics. Computer vision at the edge would create more personalized shopping experiences that synchronize in-person, online and mobile interactions.
At the heart of Gecks offering is the UltimateShopper Plus , a pioneering smart shopping trolley that enhances the shopping experience while giving retailers a competitive edge. This system helps prevent theft and reduces stock losses, all while maintaining full GDPR compliance.
A freestanding store will require more security attention as there is no additional security infrastructure, like a shopping center with video cameras or security guards. When designing your retail space, where and how you use security cameras is key to lossprevention. Maximize the Visibility and Power of Your Security Cameras.
After years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. Everyday items are behind locked plexiglass, but technology will become a key driver of lossprevention efforts.
Personalization of a shopping experience can drive a 40% larger basket (transaction size) according to the Boston Consulting Group. 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). The same is not true of physical stores.
Effective inventory management leads to lower overall inventory costs, fewer lost sales due to stock-outs, and greater customer satisfaction – and ultimately more profit. Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold.
As consumers tighten their belts and the fight for customer mindshare and employee loyalty plays out, retailers must ensure they enhance customer services on the shop floor – whilst ensuring that their employees feel both engaged and empowered in their roles. Retailers need to ‘flip the script’ on the perception of working in retail. .
Do you own a retail shop, or thinking of starting one? Invest in a Point-of-Sale (POS) System. Savvy retail owners know that one of the best investments they can make in their business is acquiring a point-of-sale (POS) system , which can manage transactions, accept credit card payments, track inventory and provide reports.
As counterintuitive as it is, we all know losses are an accepted norm in retailing. Factored into the bottom line, as sales increase for stores, so will the losses of product inventory. Lossprevention teams call this inevitable outcome “external shrinkage”. But is this a prime example of too much, too soon?
LossPrevention platforms with a host of applications In order to make such additional security tools available for their retail customers the providers of self-checkout solutions act as drivers of computer-vision technology. Or a shopper leaves a stash of goods outside the store that are collected at night.
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