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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. But in the process, he fell back in love with the business he had grown up in, and the plan changed. “I

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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. Innovations have slowed since then, but edge computing will usher in a new wave of personalization and self-service for modern shoppers.

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Computer Vision and AI: the new weapon against shoplifters

365 Retail

Has a shopper moved away from the self-checkout without a payment transaction? Be it intentional or negligent: the security system comprising IP cameras and AI-based software learns and detects such operating errors and/or wrong behaviours and issues a warning in real time. Does the article match the EAN code?

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Retail Returns Increased to $761 Billion in 2021

VMS

This accounts for an average of 16.6 According to NRF, online sales accounted for $1.050 trillion of total U.S. The most common types of payment used during the original purchase that led to a return were credit cards (22.78 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021. “As percent) is up from 10.6

Returns 52
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10 Finance Tips All Retailers Should Follow

Retail Next

You don’t want to get a bad reputation among fellow business owners as someone who is always late on payments. 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.

Finance 59
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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

As the tactics behind these crimes become increasingly sophisticated, and customer expectations for in-store experiences are higher than ever, retailers are finding it more difficult to protect their assets while maintaining great service. This represents the greatest source of loss for retailers of all sizes.

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

Retail TouchPoints

Mobile devices have become powerful payment instruments, on the way to replacing traditional cards for in-store purchases in many markets around the globe. Then the shuttering of many stores made online shopping a necessity, while social distancing measures turned contactless payments from a convenient option to a safer alternative.