Retail TouchPoints

JULY 18, 2024

For example, if your stores don’t have reliable network connections, it’s a good idea to seek out technology that operates in offline mode with no loss of efficiency. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.

Customer Experience 276

Customer Experience Kiosk Shrinkage Shipping 276

Retail TouchPoints

NOVEMBER 7, 2023

What’s more, these scenarios are also becoming more blatant in recent months as fraudsters have raided and ransacked department stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.

Loss Prevention 295

Loss Prevention Shrinkage Returns Payment Services 295

Retail TouchPoints

FEBRUARY 21, 2023

5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. A pallet of goods can be tracked from departure at the manufacturing site through transit to the store. Delivery and stocking experiences: 5G can support massive IoT connectivity, which can be used to improve product tracking capabilities.

Sporting Goods 262

Sporting Goods Payment Services Shrinkage Point of Sale 262

Retail TouchPoints

AUGUST 4, 2023

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Retail TouchPoints

JUNE 15, 2022

Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. They simply scan the item or put it in their cart on their phone, pay and walk out with item in tow.

Payment Services 263

Payment Services Checkout Shrinkage Fast Fashion 263

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Many retailers see a 4x return on their initial investment within a few months, thanks to broad applications spanning store operations, supply chain, e-commerce, and vendor relationships. AI can save up to 30 weekly labor hours per store, improving associate satisfaction and retention while reducing shrinkage.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111

I Vend

FEBRUARY 6, 2023

They help retailers ensure they have the right goods in the right place at the right time, improving store performance and enhancing customer experience. Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount).

Inventory Management 98

Inventory Management Management Shrinkage Returns 98