Retail TouchPoints

NOVEMBER 20, 2023

According to the National Retail Security Survey released by the National Retail Federation (NRF), vanishing inventory contributed to $112 billion in losses last year alone — up significantly from $93.9 billion in 2021. While they solve one issue, they create a few more when it comes to theft. Develop strong password policies.

Payment Services 311

Payment Services Sporting Goods Inventory Management Loss Prevention 311

Retail TouchPoints

NOVEMBER 7, 2023

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. increase in ORC incidents between 2021 and 2022. Organized retail crime is a growing problem.

Loss Prevention 257

Loss Prevention Shrinkage Returns Payment Services 257

Retail TouchPoints

DECEMBER 15, 2023

billion in 2021 retail shrink could be attributed to ORC. That kind of makes sense as well: employees know how a retailer’s loss prevention systems work, so the unscrupulous among them would have a better understanding of how to game the system for their own benefit.) Additionally, definitions remain vague.

Sporting Goods 219

Sporting Goods Loss Prevention Store Operations Returns 219

VMS

JANUARY 25, 2022

retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 The most common types of payment used during the original purchase that led to a return were credit cards (22.78 The post Retail Returns Increased to $761 Billion in 2021 appeared first on Visual Merchandising and Store Design.

Returns 52

Returns Loss Prevention Payment Services Visual Merchandising 52

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. Seven in 10 retailers say the pressure is mounting to improve the efficiency and expense of managing online orders, returns, and the fulfillment process.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

Retalon

SEPTEMBER 22, 2021

A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. ROPIS (Reserve Online Pickup In-Store): Shifts the payment transaction to the store. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

VMS

NOVEMBER 30, 2022

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. The palm images, after being entered in a kiosk at the 65 locations, link shoppers’ palms to payment cards. Happy New Year. INFLATION ON. YOUR MIND. BEYOND AWFUL.

Visual Merchandising 85

Visual Merchandising Drop-Shipping Loss Prevention Shipping 85