Retail TouchPoints

NOVEMBER 7, 2023

Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. For example, one delivery address can be the source of 20 online returns across 20 different names, email addresses and credit cards. increase in ORC incidents between 2021 and 2022.

Loss Prevention 250

Loss Prevention Shrinkage Returns Payment Services 250

VMS

JANUARY 25, 2022

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 to return fraud. billion (10.6

Returns 52

Returns Loss Prevention Payment Services Visual Merchandising 52

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 213

Sporting Goods Loss Prevention Store Operations Returns 213

Mass Relators

OCTOBER 25, 2023

–   Zebra Technologies Corporation  has announced the findings of its 16 th Annual Global Shopper Study that confirmed retailers are feeling the omnichannel squeeze, particularly with managing online returns and reducing shrink caused by theft, fraud and other contributing factors.

Checkout 52

Checkout Payment Services Shrinkage Returns 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. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

VMS

NOVEMBER 30, 2022

W ITH THE WORLD adjusting to Covid a few years later as less of a threat and more a part of everyday life, retailers sought to return to business as usual. 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.

Visual Merchandising 85

Visual Merchandising Drop-Shipping Loss Prevention Shipping 85