365 Retail

NOVEMBER 22, 2023

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). The camera points at the scan area of the self-checkout terminal.

Payment Services 106

Payment Services Loss Prevention Checkout Shopping 106

Inside Retail

MAY 19, 2021

Drake recently began outing what he called “repeat offenders” by sharing CCTV footage on his social media account @shake.and.drake. When are people going to take accountability for their actions?” “It’s happening in all stores and it’s weekly. We are a family business, and it is a big cost to us.”.

Shrinkage 147

Shrinkage Loss Prevention Supermarket Beauty and Health 147

Retail TouchPoints

JULY 1, 2020

It’s been estimated that there are 48 trillion reward points worth $360 billion sleeping in customer accounts across the globe. A moment of both gratitude and loss prevention. They can be conceived and implemented to allow businesses to more creatively manage resources and spending, because it’s an economy they control.

Loss Prevention 251

Loss Prevention Boutique Consumer Advertising 251

Cisco Retail

AUGUST 12, 2022

Our Ladder of Excellence lists levels of locality, their key characteristics and proof points of solutions we have delivered recently at each tier. Additionally, EU customers who had set up their accounts in the US prior to data residency availability have an option to migrate their organization’s data and user content to the EU.

Loss Prevention 145

Loss Prevention Technical Support Management Accounting 145

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.

Finance 59

Finance Payment Services Loss Prevention Accounting 59

Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. As ORC continues to make headlines, many retail executives are taking a closer look at their business models, seeking better methods for stopping these criminal activities.

Loss Prevention 273

Loss Prevention Shrinkage Returns Payment Services 273

DMS Retail

APRIL 3, 2020

If some consultant tells you that this statement is false… “If you can’t measure, you can’t manage.” Loss Prevention. If you don’t know retail math, you can’t effectively manage a retail business. Who might be at fault for that? Management. Expense and Wage Control.

Loss Prevention 40

Loss Prevention Management Advertising Accounting 40

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.

Payment Services 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Retail TouchPoints

FEBRUARY 22, 2024

The Akamai 2023 State of the Internet report revealed that retail continues to be the most targeted industry for cyberattacks, accounting for over 14 billion observed incursions. Risks from cyber threats including fraud, account takeovers, malware, ransomware, compromised business emails and data breaches all begin with an initial breach.

Payment Services 271

Payment Services Loss Prevention Accounting Management 271

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.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

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.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Inside Retail

AUGUST 17, 2023

Customer theft has long been recognised as retailers’ primary source of loss, accounting for about half of all crime-related losses. As a result, substantial investment and effort have been dedicated to this issue by Loss Prevention (LP) teams. What deters shoplifters?

Loss Prevention 130

Loss Prevention Customer Experience Management Accounting 130

Retail TouchPoints

OCTOBER 15, 2020

Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. With this service, consumers have the option to order the item and pay for it in installments or at a later date altogether. Tokenized Data is Useless to Fraudsters.

Payment Services 132

Payment Services Planning Accounting Loss Prevention 132

Cisco Retail

AUGUST 25, 2023

While this approach can and has worked, it significantly increases the complexity, and results in an environment that is difficult to monitor and manage effectively due to multiple administrative interfaces, less than optimal integrations, and gaps in security due to multiple point product solutions and vendors.

Management 98

Management Loss Prevention Accounting Marketing 98

Retail Assist

JANUARY 17, 2023

Guest Blog by Sarah Hughes , Co-founder & Director at Datitude. Awareness, appeal and adoption remain low overall and squeezed tech and marketing budgets are likely to be directed towards excelling at the fundamentals – having the right product at the right price, in the right channel at the right time for the right customer. .

Customer Retention 52

Customer Retention Payment Services Loss Prevention Checkout 52

DMS Retail

JULY 25, 2021

Most retailers have a position of Regional Manager and/or District Manager somewhere on their organizational chart or matrix or whatever they wish to use to indicate lines of authority and accountability. Of course, accountants will look at expense reports and proclaim too much money is being spent.

Loss Prevention 59

Loss Prevention Planning Management Returns 59

Cisco Retail

JUNE 15, 2021

A future firewall may look and feel very different, but it will be there – even if hidden behind some policy abstraction layers or managed entirely by someone else. Over time, NGFW added more and more DPI functions, such as intrusion prevention (IPS), malware detection, and data loss prevention (DLP).

Loss Prevention 140

Loss Prevention Management Accounting Consumer 140

Cisco Retail

AUGUST 26, 2022

We at Cisco Secure have embraced this concept for a while now with our continually growing ecosystem of multi-vendor technology integrations. AT&T Cybersecurity. It reduces the complexity of managing network and security operations to effectively free resources, improve breach detection, and even prevent breaches.

Management 145

Management Returns Loss Prevention Accounting 145

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.

Store Layout 82

Store Layout Promotions Inventory Management Advertising 82