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Tilly’s Partners with Nedap to Elevate Omnichannel Strategy

Retail Focus

Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialty retailer of casual apparel, footwear, and accessories. With Nedaps platform, Tillys gains the tools to make data-driven decisions, reduce shrinkage, and foster long-term growth.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

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Navigating AI Adoption: Why the Co-Pilot Approach is the Most Successful  

Retail TouchPoints

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

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How Amazon’s Anti-Counterfeit Unit Keeps Fake Products off its Site

Retail TouchPoints

Using Machine Learning and LLMs to Detect Infringements As with many other types of loss prevention, much of the activity takes place behind the scenes. We see all different types of products, including apparel, home products and cosmetics, because counterfeiters are always trying to find ways to make a quick buck,” he noted.

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Retail Returns Increased to $761 Billion in 2021

VMS

percent), apparel (12.2 With more than 20 years of retail data science expertise, the company’s Software-as-a-Service (SaaS) platform generates advanced analytical insights and real-time recommendations that help drive action throughout the organization, including operations, finance, marketing, and loss prevention.

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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

Historical data reveals shifting lifestyle priorities and evolving consumer preferences are reshaping spending patterns, with a notable shift towards investments in health and dining experiences over traditional retail apparel purchases.

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Jason & Scot Show Episode 301 Annual Predictions 2023, Year-End Recap, NRF Big Show

Retail Geek

Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022. There’s a few other other retards I have my eye on so I do think we’re going to see a little bit of attrition in the kind of traditional brick-and-mortar retailers.