Remove 2021 Remove Returns Remove Shrinkage
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How retailers can combat shrink and create an enjoyable shopping experience

Inside Retail

Retailers face continual challenges with increasingly sophisticated shoplifters causing in-store ‘shrinkage’. The FoxTag detacher is designed with additional security features to help reduce stock shrinkage and increase store profitability. In May 2021 FoxTag announced its latest strategic partnership with Vitag in Australia.

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Retail Risk Management And Business Protection From Emerging Threats

Retail Minded

Theft and Organized Retail Crime Retail theft continues to be a significant issue with significant shrinkage in inventory. The loss, due to the shrinkage, reached $142 billion in 2023, a 25% increase from the previous year. The facility had been destroyed by a 2021 tornado that killed six employees.

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Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

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.

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How Retailers Meet Tough Challenges Using NVIDIA AI 

Nvidia

and “What happens to my margins if Susie Consumer purchases three of the same dresses online and returns two?”. 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.

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Zebra Technologies releases 16th Annual Global Shopper Study

Mass Relators

–   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.

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Jason & Scot Show Episode 282 – Cyberweek Recap with Salesforce’s Rob Garf

Retail Geek

Rob returns to the show for the third time ( EP249 and EP110 ) to talk about November, and especially cyber week e-commerce sales. We cover e-commerce sales in November 2021 vs 2020 and 2019. Episode 282 of the Jason & Scot show was recorded on Tuesday, November 30th, 2021. Transcript. First cyberweek in the u.s.