Inside Retail

SEPTEMBER 3, 2024

AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. It can spot if a cashier is discounting more than other employees, or if their level of returns or refunds is higher than the store average.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Wiser

JANUARY 12, 2021

Doubling the wholesale cost allowed retailers to take into account fixed and variable costs, such as coupons, theft, returns, and other common margin-eaters while still turning a profit. What is a “desirable” rate of return differs for each retailer, and also has to be set with an eye on competitor pricing.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78