Inside Retail

NOVEMBER 17, 2024

Hyper-personalisation, shopping preferences, habits, all those things will be really important. He believes AI-powered computer vision technology used to reduce shrinkage will help identify instances of customers swapping cheap items for expensive ones by changing labels. So you’re going to start collecting a lot of data.”

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Shrinkage Consumer Checkout Supermarket 130

365 Retail

OCTOBER 12, 2023

Don’t Blame Shrinkage: Why Poor Digital Strategy Might Be Responsible for Retail Uncertainty While retail is a cyclical industry, it’s important to be honest about transformations, negative and positive, in the industry. Certainly, these elements make an impact.

Shrinkage 115

Shrinkage Clienteling Outdoor Consumer 115

Retail TouchPoints

OCTOBER 25, 2021

Immersive shopping experiences: 5G supports a range of augmented reality (AR) and virtual reality (VR) solutions that will deliver immersive experiences, changing how consumers interact with products. It creates a host of new shopping experiences that further blur the line between physical and digital retail experiences.

Payment Services 317

Payment Services Shrinkage Consumer Accessories 317

Inside Retail

SEPTEMBER 3, 2024

Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Automated checkout experiences: Retailers such as Apple are pioneering checkout-free shopping.

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Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Wire

MARCH 13, 2023

Retailers have reported a rise in shrinkage at the same time that more people are going to stores to shop. “We definitely had an uptick since last year,” Macy’s CEO Jeff Gennette said on the retailer’s earnings call. “It’s an industrywide trend.”

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Shrinkage Shopping ATS 130

Retail TouchPoints

NOVEMBER 23, 2022

As the holiday shopping season approaches, tech-savvy retailers will reassess what video technology offers. It was then that consumers developed a ravenous appetite for online shopping and speedy home delivery, while losing their taste for city centers and malls. Rewiring Retail. The expected bounce-back has, at best, developed slowly.

Merchant Services 290

Merchant Services Shrinkage Store Layout Customer Experience 290

Miller Zell

SEPTEMBER 11, 2023

Discover how purposeful store design can enhance the shopping experience while reducing shrinkage.

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Shrinkage Shopping 52

Retail TouchPoints

NOVEMBER 10, 2022

While that may seem odd to say, given the extent that ecommerce now pervades most consumers’ everyday shopping, the current hot take from some industry analysts is that ecom growth has slowed and brick-and-mortar retail is on the rise. Whilst a provocative headline, that’s not exactly what we’re seeing on the ground.

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Consumer Advertising Shrinkage Marketing 306

Retail Focus

JUNE 10, 2024

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. It’s sadly not surprising that official figures on theft have risen significantly, but this still represents a fraction of the true picture of shop theft,” Lowman said.

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Loss Prevention Shrinkage Point of Sale Shopping 147

Retail TouchPoints

MAY 31, 2022

This ultra-fast connectivity — when paired with other technologies such as IoT, computer vision or cloud computing — will enable everything from virtually enhanced, personalized in-store shopping to real-time planogram compliance to up-to-the-second SKU-level supply chain tracking. Enhanced, Personalized In-Store Shopping.

Merchant Services 354

Merchant Services Checkout Shrinkage ATS 354

Retail TouchPoints

FEBRUARY 21, 2023

Connectivity is critical to driving in-store traffic, providing a seamless shopping experience, fostering a robust brand connection and creating lasting memories. 5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. You get the drift.

Sporting Goods 264

Sporting Goods Payment Services Shrinkage Point of Sale 264

Retail TouchPoints

JULY 18, 2024

Understaffing contributes to theft and shrinkage in general, but it also creates an increasingly impersonal feeling for offline shopping ,” said Nick Kramer, Leader of Applied Solutions at SSA & Co. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.

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Customer Experience Kiosk Shrinkage Shipping 278

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. They also need clarity around what they need to do. The software essentially helps brands understand what demand will be.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion.

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Loss Prevention Shrinkage Management Location 98

Independent Retailer

JULY 8, 2021

According to the 2020 National Retail Security Survey , retail theft, or shrinkage, is at an all-time high. In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion.

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Loss Prevention Shrinkage Management Location 98

365 Retail

SEPTEMBER 1, 2024

From tailored shopping experiences to simplified inventory control , IoT is leading in producing what we now call “smart stores.” The outcome is a flawless and very customised shopping experience that satisfies the expectations of tech-savvy consumers of today.

Payment Services 122

Payment Services Shrinkage Checkout Consumer 122

Independent Retailer

JULY 29, 2022

The versatile solution increases inventory traceability to the item-level, and as a result, facilitates smart mirrors in fitting rooms, checkout-less shopping, social media integration, and indoor mapping through smartphones. According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. Transforming the POS.

Customer Experience 98

Customer Experience Shrinkage Checkout Inventory Management 98

Wiser

APRIL 23, 2019

Shrinkage – Shrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . They’re shopping anyway—use that to your benefit by getting critical shelf-level insights that can uncover where phantom inventory is eating away at your sales. . The post What Is Phantom Inventory?

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Shrinkage Inventory Management Fulfillment Location 100

Inside Retail

DECEMBER 16, 2021

Less than five years after opening their first store in Seoul’s buzzy Gangnam district in 2017, the brothers now have a network of more than 20 ADLV stores in Korea, 32 stores in China and as of this year, two stores in Australia at QV Melbourne and Chadstone shopping centre. Most ADLV clothing is made in Korea. “We

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Shrinkage Fashion Marketing Consumer 130

Retail Focus

AUGUST 8, 2023

Outsourcing security and loss prevention services to professionals can significantly reduce the risk of theft, shoplifting, and inventory shrinkage. By entrusting this crucial aspect to specialists, you can provide a safe shopping environment for your customers and protect your assets.

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Loss Prevention Inventory Management Inventory Turnover Shipping 130

I Vend

DECEMBER 10, 2023

Loyalty information ensures customers are recognised in store as well as online; and ensures that promotions are 100% aligned with shopping preferences. Loss prevention – in the US alone, retailers lose around $100 million a year to shrinkage, + which is a direct hit on the bottom line.

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Shrinkage Inventory Management Store Layout Checkout 94

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Inventory management technology provides real-time, precise item availability, price accuracy, and location, enhancing both in-store and online shopping experiences. Enhances the in-store experience: Enhanced customer service, accurate pricing information, more accessible associates, and well-stocked shelves improve the shopping experience.

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Inventory Management Shrinkage Promotions Store Operations 111

Nvidia

JANUARY 13, 2022

One way to address the problem is by creating autonomous shopping experiences. AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process. In September and October, accommodation and food services businesses lost 1.6 million, or 6.2 percent, of their workforce, while 1.4

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Shrinkage Checkout Inventory Management Point of Sale 115

Wiser

JULY 22, 2024

Here’s a summary of the findings and strategies discussed in the report: Shifts in Performance Metrics Digital leaders highlight a notable shift in the metrics used to measure the performance of online and in-store shopping. The focus has moved towards key performance indicators such as in-stock status and void reduction.

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Shrinkage Inventory Management Management Consumer 78

Inside Retail

JUNE 28, 2022

The software is used to gather evidence on repeat offenders, and is largely used to prevent theft and shrinkage. According to Reddit users, Woolworths and rival Coles use a software called Auror Crime Intelligence that shares data with other retailers on its network as well as collaborating law enforcement agencies.

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Consumer Payment Services Shrinkage Loss Prevention 130

Inside Retail

SEPTEMBER 20, 2023

With around $9 billion lost each year to retail crime and shrinkage, along with the detrimental effect it is having on frontline retail workers mental health, it’s a priority area to collectively work together towards improving. IR: What would more support for staff to improve mental health outcomes look like in a retail setting?

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Shrinkage Promotions Management ATS 130

Mass Relators

DECEMBER 12, 2022

Fueled by a surge in organized retail crime, shrinkage costs the industry almost $100 billion a year, according to National Retail Federation’s “2022 Retail Security Survey.” The fallout from retail crime is beginning to disrupt the shopping experience. billion, compared to $90.8 billion the prior year.

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A1 Retail

OCTOBER 12, 2021

Loss prevention teams call this inevitable outcome “external shrinkage”. Which is why it is so encouraging to see retailers utilising new technology to reduce the impact of shrinkage. But it wouldn’t make good business sense to continue to accept this as part of the cost of doing business. Meeting customer demand.

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Shrinkage Loss Prevention Checkout Supermarket 40

Frank Mayer

JANUARY 14, 2022

The Hybrid Shopping Experience. In short, now they can toggle between shopping methods depending on what’s convenient at the moment.”. Expect to see even more demand for this hybrid shopping experience. Read on to discover three customer experience predictions for the upcoming year. The buzz term “omnichannel” is nothing new.

Customer Experience 79

Customer Experience Kiosk Checkout Shrinkage 79

CJ Retail Solutions

FEBRUARY 11, 2025

This aspect within a retail audit covering inventory means that your business will be more protected from stock issues such as outages, overstock and shrinkage. Customer experience: It goes without saying that happy customers mean increased profitability.

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Shrinkage Customer Experience Shopping ATS 52

Mass Relators

MARCH 7, 2024

Our unique seamless shopping experience provides customers the products they want, when and how they want them, with zero compromise on quality, convenience and selection. “In 2024, we expect to grow revenue by delivering value for customers and enhancing our seamless shopping experience. Adjusted FIFO operating profit of $4.6

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Shrinkage Returns Promotions Customer Experience 52

Mass Relators

OCTOBER 25, 2023

Many retailers expect to deploy loss prevention analytics (49%) and demand planning and forecasting (54%) by 2026. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. As omnichannel shopping continues to grow, the volume of returns increases along with it.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

365 Retail

JUNE 28, 2022

For some this might mean being more careful about the weekly shop and exercising restraint over energy consumption, but for others, it’s a step too far. In terms of the volume of incidents, internal theft accounts for over 22% of UK retail shrinkage according to the Centre for Retail Research.

Management 52

Management Shrinkage Accounting Promotions 52

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage. With features such as automated order routing and real-time order tracking, retailers can fulfill orders faster and provide customers with a superior shopping experience.

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Apparel Fashion Inventory Management Management 52

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

Use portable devices for pop-up shops, events, or curbside pickups. Enhances Customer Experience A smooth and personalized shopping experience is essential for customer satisfaction and retention. Reduces shrinkage by monitoring stock movements and flagging discrepancies. Monitor individual employee sales and performance.

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Payment Services Point of Sale Inventory Management Customer Experience 52

Retail TouchPoints

AUGUST 30, 2021

Service Merchandise was a bit more fun than today’s similar IKEA shopping experience because it carried more than mediocre DIY housewares and furniture. (No As the company expanded, it began to open showrooms nationwide, mostly in the vicinity of major shopping malls, which were in vogue in the 1970s. Don’t remember it?

Payment Services 279

Payment Services Shopping Jewelry Shrinkage 279

Retail Geek

NOVEMBER 30, 2021

The Salesforce shopping index combines data and holiday insights on the activity of more than a billion global shoppers across more than 54 countries powered by Commerce Cloud, billions of consumer engagements and millions of public social media conversations through Marketing Cloud, and customer service data powered by Service Cloud.

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Shipping Consumer Shopping Promotions 52