Retail TouchPoints

AUGUST 4, 2023

Consumers are also becoming more exposed to self-checkout options, and they are in turn becoming more normalized and natural. In recognition of her accomplishments, in 2021 Furman won a 40 under 40 award from Automatic Merchandiser. This trend is driven both by worker shortages and by the cost-effectiveness of this business model.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Nvidia

JANUARY 13, 2022

AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process. NVIDIA partners Everseen and Graymatics provide asset protection applications at the point of sale to reduce shrinkage and provide customers a faster self-checkout experience. A Broken Supply Chain.

Shrinkage 110

Shrinkage Checkout Inventory Management Point of Sale 110

Mass Relators

OCTOBER 25, 2023

According to the National Retail Federation (NRF), retailers lost $112 billion due to shrink in 2022, up from nearly $94 billion in 2021. Those preferring pay/checkout anywhere in-store almost doubled from 15% to 26%, mobile payments jumped from 33% to 50% and “just walk-out” to avoid a long checkout line doubled from 14% to 30%.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

Retail TouchPoints

AUGUST 30, 2021

The catalog showroom approach was based on the idea that it reduced the risk of merchandise theft (known in the industry as shrinkage), while also enabling customers to shop without the inconvenience of carrying purchases throughout the store while you were still browsing. Gabe Grifoni is CEO of Rufus Labs.

Payment Services 279

Payment Services Shopping Jewelry Shrinkage 279