Star Miconics

APRIL 12, 2024

Operating a coffee shop or café is an exercise in multitasking. Modern Labeling Technology The teams at these shops must ensure they work accurately; mistakes and shrinkage can account for 4-10% of inventory loss. coffee shop market expanded to more than 40K stores in 2023 , 7% growth over 2019.

Shopping 59

Shopping Shrinkage Kiosk Returns 59

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

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 303

Payment Services Shrinkage Accessories Consumer 303

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 271

Merchant Services Shrinkage Store Layout Customer Experience 271

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.

Consumer 301

Consumer Advertising Shrinkage Planning 301

Retail TouchPoints

JUNE 15, 2022

Appointments for high-end fashion brand shopping have been a long-time standard, but they’ve begun to trickle down to fast fashion brands like H&M and Zara too. Customers book an appointment online and then shop in-store, creating a more curated feel while making life easier for associates to manage. Social Shopping (Livestream).

Payment Services 252

Payment Services Checkout Shrinkage Fast Fashion 252

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 227

Sporting Goods Payment Services Shrinkage Point of Sale 227

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.

Shrinkage 52

Shrinkage Loss Prevention Consumer Shopping 52

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.

Shrinkage 87

Shrinkage Inventory Management Store Layout Checkout 87

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.

Loss Prevention 98

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.

Loss Prevention 90

Loss Prevention Shrinkage Management Location 90

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 77

Customer Experience Shrinkage Checkout Inventory Management 77

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.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

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 342

Merchant Services Checkout Shrinkage ATS 342

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.

Shrinkage 40

Shrinkage Loss Prevention Checkout Supermarket 40

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

Shrinkage 52

Shrinkage Returns Promotions Customer Experience 52

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

Shrinkage 130

Shrinkage Fashion Marketing Consumer 130

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?

Shrinkage 100

Shrinkage Inventory Management Location Fulfillment 100

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?

Shrinkage 130

Shrinkage Promotions Management Shopping 130

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

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

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

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.

Consumer 130

Consumer Payment Services Shrinkage Loss Prevention 130

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

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 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.

Shipping 52

Shipping Consumer Shopping Promotions 52