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Yet despite the growing frequency of ORC, retailers would be remiss to focus their lossprevention 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 LossPrevention Research Council, 68.8% Similarly, 57.8%
They likely need to host events, too, since store events are all the rage. Keep the stores tidy. Follow evolving protocols as they relate to lossprevention. And, and, and… Are we expecting too much from store associates? And process returns of stuff people don’t want! Personalize the experience.
That means asking questions like: What more can be done to deter theft using store layout, customer flow, shelf height, mirrors, lighting and the placement of gondolas, merchandise and security cameras? How can we better integrate the latest anti-theft technologies and loss-prevention research into our store designs from the outset?
Retailers have gotten better about thinking about simple things like power accessibility or creating WiFi shadows around fixtures and things like that, but there are still far too many unintended consequences that come out of store design because they did not think through tech requirements up front.
Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and lossprevention and in-store analytics. There’s also the matter of securing the computer hardware that runs the storeoperations.
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.
Almond: We started to see board-up requests during the later part of the Memorial Day weekend, as well as calls for security guards, clean-ups, and in some cases store closings for the safety of the employees. Some stores were literally in flames, and there were lossprevention issues at others.
Throughout his retail career, lossprevention remained a focus. Aaron Stamm is a Retail Consultant at Acuity , which he joined in 2017, bringing with him more than 35 years of experience in a broad range of retail. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.
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 salestoreoperations – customers want fast and friction-free checkout, and retailers need to know what has been sold.
When designing your retail space, where and how you use security cameras is key to lossprevention. Strategically place your cameras: Having eyes across the entire store is essential, but it’s especially critical to have clear visibility of what’s going on at the most important spots of the retail property.
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