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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

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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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

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 x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

When they do, they create accounts and pass credit checks using stolen consumer information. They then order and intercept items before these can be delivered to the unsuspecting victim, who is mostly unaware of accounts opened in their name or goods purchased on their account. Tokenized Data is Useless to Fraudsters.

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2023: The Year of Customer Retention? Retail Tech Predictions

Retail Assist

We’re still seeing retailers planning to launch their own to broaden their product offering, reach and discovery. Physical retail accounts for 75% of sales in the UK and new stores are opening all the time. Supply Chain Resilience. Stock outs, delayed deliveries and poor post-purchase experiences just don’t cut it anymore.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. Online sales now account for more than 20% of total retail sales.

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

In healthcare, for instance, AI-powered algorithms can assist in early disease detection, drug discovery, and personalized treatment plans, ultimately saving lives and improving patient outcomes. Additionally, it can help monitor employee behaviour and prevent internal theft.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. The rise of at-home delivery forced loss prevention managers to start looking beyond the store. And inventory classifications must expand to account for inventoried products that have been picked for BOPIS.