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Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

Yet despite the growing frequency of ORC, retailers would be remiss to focus their loss prevention efforts solely on these brazen, smash-and-grab scenarios. In fact, according to the 2023 National Retail Security Survey conducted by NRF, Appriss Retail and the Loss Prevention Research Council, 68.8% Similarly, 57.8%

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Exclusive: How Daniel’s Jewelers is Using Vision AI to Better Serve its Customers

Retail TouchPoints

One prime example: the retailer’s partnership with RetailNext to use in-store traffic analytics for shaping everything from staffing strategies to improving store performance and even loss prevention. I learned to collect accounts from this grumpy old dude, who is now the grumpy old dude running our collections.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

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Driving store network productivity through intelligent analytics

Inside Retail

In this Post-Covid trading environment, where online sales are now accounting for 25 per-cent or more of retail sales, the majority of Australian retailers are reviewing their physical store network. Outstanding customer orders to fulfil. Loss prevention. Stock adjustment alerts. Negative and false stock. Customer focus.

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Automation in Retail

Cisco Retail

It also allows retailers to rely on automation to address permissions for the network or online order fulfillment and notification. From provisioning new sites, to creating all the accounts and assignments a new associate needs to perform their daily tasks, many technology infrastructure tasks can be automated.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

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. Order fulfillment automation. check out their story here).

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

Retalon

A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. During the pandemic, BOPIS retail fulfillment options kept businesses running while limiting person-to-person contact – which was essential during the pandemic. What is BOPIS? Why are customers choosing BOPIS?