Retail TouchPoints

SEPTEMBER 17, 2024

billion in losses, up from $93.9 billion in 2021, according to a retail security report from the National Retail Federation (NRF) and the Loss Prevention Research Council (LPRC). Retailers and their loss prevention teams can’t tackle the problem alone. In 2022, shrink caused retailers $112.1

Loss Prevention 264

Loss Prevention Accounting Promotions Management 264

Inside Retail

JUNE 6, 2021

The result is costing retailers billions in stock loss each year. The FoxTag is a revolutionary loss prevention system that empowers retailers to take back control. In May 2021 FoxTag announced its latest strategic partnership with Vitag in Australia.

Loss Prevention 243

Loss Prevention Shrinkage Shopping Returns 243

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 297

Loss Prevention Shrinkage Returns Payment Services 297

Retail TouchPoints

OCTOBER 27, 2021

Retail TouchPoints (RTP): How would you describe consumers’ comfort level returning to stores, and how will this change or evolve leading into the peak of the holiday season? RTP: What tech do you believe will become key as retailers strive to keep pace with demand spikes during the holiday season?

Consumer 264

Consumer Loss Prevention Fulfillment Shopping 264

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 273

Sporting Goods Loss Prevention Store Operations Payment Services 273

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

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