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For example, if your stores don’t have reliable network connections, it’s a good idea to seek out technology that operates in offline mode with no loss of efficiency. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.
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. Is Organized Retail Crime Getting Worse?
At the same time, we’re seeing increasing stock outs, with 80% * of shoppers saying they saw a decline in stock levels in 2022. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Mis-recorded, mis-counted or misplaced inventory accounts for just over 25% ++ of shrinkage.
According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. RFID technology can provide a technological solution to retailers by supplying knowledge of where the item went missing, allowing them to mitigate the impact of shrinkage by adjusting inventory levels to replace missing or out of stock items.
Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. And that’s true whether the actual sale happens in-store or continues online. Social Shopping (Livestream).
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