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

OCTOBER 2, 2023

Body cams help us hold both the public and our officers accountable,” Bernhjelm added. This includes monitoring the internet and social media, liaising with local law enforcement and working with individual retailers’ loss prevention officers. Mall of America also works with intelligence analysts to proactively look for threats.

Loss Prevention 264

Loss Prevention Accounting Location Store Operations 264

Retail Focus

AUGUST 8, 2023

Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business. Outsourcing accounting and bookkeeping tasks to professionals can help you keep track of expenses, revenues, and taxes efficiently.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Inside Retail

AUGUST 17, 2023

However, what’s particularly alarming is the substantial rise in the costs attributed to customer theft, which have surged by 20 per cent between 2019 and 2022. Customer theft has long been recognised as retailers’ primary source of loss, accounting for about half of all crime-related losses.

Loss Prevention 130

Loss Prevention Customer Experience Management Accounting 130

Wiser

APRIL 26, 2022

Finding the right mix of time, budget, pricing, displays, and customer experience can be a big challenge when forming a successful merchandising strategy. Often, merchandising includes things like creating a pricing strategy, display design and layout, loss prevention, and store upkeep. Customers want to feel important.

Visual Merchandising 146

Visual Merchandising Loss Prevention Customer Experience Promotions 146

Cisco Retail

APRIL 22, 2022

From marketing automation to network automation, workflow automation to equipment automation, using technology to automate tasks or functions allows retailers to focus on delivering the best customer experiences. Technology brings capabilities to retailers that help address tasks in more reliable, consistent ways.

Loss Prevention 98

Loss Prevention Point of Sale Fulfillment Accounting 98

365 Retail

JUNE 19, 2024

While these numbers are alarming, retailers are responding by investing in their loss prevention (LP) strategies, which typically include the reduction of blind spots, placing high value items behind locked or secure cabinets, or increasing security presence in store. Often process errors creep in from legacy systems,” Boyle continued.

Loss Prevention 62

Loss Prevention Accounting Store Operations Consumer 62

Retalon

APRIL 27, 2021

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. Online sales now account for more than 20% of total retail sales. Customer experience optimization. Order fulfillment automation.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

365 Retail

MAY 5, 2023

This level of interactivity and personalization enhances the overall shopping experience, making it more enjoyable and efficient for customers while increasing sales and brand loyalty for retailers. Retailers can analyze facial expressions to gain insights into customer emotions and reactions to products, displays, and store layouts.

Store Layout 80

Store Layout Promotions Inventory Management Advertising 80

Retail TouchPoints

MARCH 18, 2025

Despite the slightly less nefarious nature of these kinds of incidents, gun violence still accounted for 1,642 fatalities and 3,295 injuries in 2024; 551 of those fatalities happened at retail. The most common gun-related incident is a personal dispute that escalates , followed by a weapon being discovered but not used and shooting threats.

Location 162

Location Merchant Services Outdoor Loss Prevention 162