Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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Retail TouchPoints

NOVEMBER 20, 2023

That’s why it’s important to understand the most common forms of theft and the measures you can take to prevent loss without deterring valued customers. External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022.

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Retail Next

SEPTEMBER 10, 2019

Conversely, if you pay bills late, you are likely to get hit with late fees, which could have a negative impact on your bank account, and potentially cause you to fall behind with other vendors. That means maintaining financial records through an accounting software program. Keep Accurate Financial Records.

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Finance Payment Services Loss Prevention Accounting 59

Retalon

SEPTEMBER 22, 2021

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. BOPIS lets customers shop on their own schedule.

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Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization.

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365 Retail

MAY 5, 2023

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Additionally, it can help monitor employee behaviour and prevent internal theft. Retailers are also using facial recognition for queue management.

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