This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This trend isn’t uniform across the board — stores selling everyday goods in high-traffic urban locations are generally at higher risk than specialty retailers and those situated in suburban shopping centers. This increased risk has forced retailers to reconsider their lossprevention strategies.
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.
Fewer false alarms: Don’t waste resources or disrupt storeoperations unless the threat is real. Effective communication systems ensure lossprevention and security can quickly rule out suspicious activity. That creates a positive shopping environment where customers feel safe.
As such, electronic article surveillance (EAS) hard tags, locks, alarms and other physical or visual deterrents to theft have become an expected part of the in-person shopping experience these days. Shoppers also report that retail crime affects their shopping habits.
Now that American retailers are shuttering stores and losing billions of dollars because of shrink, it is time for a sharper focus on the “journey” of another group entirely — retail criminals. Sadly, in addition to imagining how people will shop the store, designers need to think harder about how they might steal from it, too.
My 35-plus years of experience in retail, most of that time being in lossprevention, has taught me a lot. Now, as the retail consultant at Acuity Insurance, I work with retail customers – from large multilocation retailers to small mom-and-pop shops – to help manage risks like this. Additionally, the U.S.
The annual survey of retail lossprevention experts found that almost nine out of 10 participating retailers reported an increase in overall risk for their company, with fraud increasing both in-store and online. Thomas is a member of the Rolling Stones Culture Council and the LossPrevention Magazine Advisory Board.
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.
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. As a result, all hands are on deck to implement new technologies and procedures — even store design teams.
This technology has helped make shopping a more frictionless experience for shoppers, but retailers that choose to implement these solutions must place a heavier focus on security technology as well. But today’s stores don’t need to fear.
No one was injured by the gunshot but it caused mass panic, with customers across the mall fleeing to exits during a busy back-to-school shopping weekend. No one was seriously injured, but the total cost to the operators and merchants was estimated to be around $53 million.
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.
SMBs Are Disproportionately Impacted by Retail Crime The stores hurt the most by retail crime aren’t big box stores. They’re mom and pop shops — the local businesses that form the lifeblood of countless communities throughout the country.
Depending on if your location is accessible from the street, operating inside of a mall, a supermarket or even an airport, your security design should reflect this location. 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.
Point of sale storeoperations – customers want fast and friction-free checkout, and retailers need to know what has been sold. Customer service operations – a unified retail POS is essential to delivering an optimal customer experience across all channels.
Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?
Knowing where products are located on an item-level will enhance CAPRI GROUP’s ability to quickly scale omnichannel services and provide an improved shopping experience for customers. CAPRI GROUP chose Nedap iD Cloud for its scalability, seamless integration capabilities, and proven track record in the fashion industry.
Empowering Personalization : Retailers can create tailored experiences through conversational shopping tools and AI-driven product recommendations, making every customer interaction meaningful. The GenAI Workflow Revolution A major takeaway from NRF was GenAIs ability to transform operational workflows.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content