article thumbnail

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.

article thumbnail

How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Salespeople on the shop floor can use these devices to seek a colleague’s assistance in locating a certain size or style of a product instead of leaving the customer alone while the salesperson finds it. That extends the opportunity for the salesperson to build a rapport with the customer and potentially upsell. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Effective Ways to Utilize Video Surveillance

Independent Retailer

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem. Remotely Manage Retail Locations.

article thumbnail

Mall of America Adds Body-Worn Cameras to its Security ‘Layers’

Retail TouchPoints

Security issues are top-of-mind with retailers: theft and threats of violence in retail locations are making headlines, including Target ’s recent announcement that it would close nine stores in four cities. Body cams help us hold both the public and our officers accountable,” Bernhjelm added. Due to its size ( 5.6

article thumbnail

Effective Ways to Utilize Video Surveillance

Independent Retailer

In fact, in 2019, shrinkage accounted for an average rate of two percent of inventory, calculated at retail, costing the industry a record $62 billion. The good news is that retailers can use video surveillance in tandem with a dynamic loss prevention program to address this complex problem. Remotely Manage Retail Locations.

article thumbnail

EuroShop 2023 – Retail Technology Stage and Connected Retail Stage: IT trends, innovations and hands-on tips

Retail Focus

Value Added Friction: A New Way to Look at Loss Prevention at Self-Checkout. Michał Wesołowski, Checkpoint Systems, Strategic Account Manager. The Retail Technology Stage is located in Hall 6 Stand I 61, the Connected Retail Stage in Hall 6 Stand I 03. End-to-End Digitalisation in Claim Management. de/Programm/Stages.

article thumbnail

5 Key Business Challenges Behind Your Merchandising Strategy

Wiser

Often, merchandising includes things like creating a pricing strategy, display design and layout, loss prevention, and store upkeep. This allows all their personal shopping data to be gathered in one location that can be accessed wherever they decide to make their purchases. Why is Merchandising Strategy Important?