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Lost Goods or Lost Sales? How Connected Systems can Help Solve Retail’s Most Persistent Dilemma

Retail TouchPoints

As such, there are many factors to consider when implementing new loss prevention tactics. At the top of that list is the effect locks and cases can have on well-intentioned shoppers when not deployed as part of a holistic, data-led loss prevention strategy.

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Shekel Introduces Contactless Checkout Solution For Grocers

Retail TouchPoints

Shekel , an AI-powered advanced weighing solution provider, has introduced Fast Track, a touchless machine learning-based cloudless self-checkout solution for supermarkets. Additionally, the tool uses data generated at the store level, with no data collection performed through Fast Track itself.

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Has retail’s focus on cutting costs boosted retail crime?

Inside Retail

With people more anxious and frustrated, customer aggression became more common, and with an ever deepening cost-of-living crisis (which includes increased prices at the till), theft is becoming more of an issue. Ever since the pandemic shut down much of the retail and other industries, figures around retail crime have been steadily rising.

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What to Consider When Incorporating AI into Your Retail Business

Retail TouchPoints

In brick-and-mortar stores, retailers have implemented contactless checkout features that use facial recognition and other physical data to identify consumers and charge their payment method. These types of uses should be carefully implemented to ensure compliance with relevant privacy laws. Intellectual property concerns.

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Datalogic Magellan Multi-Plane Scanner 9600i & 9900i – the best gets better

Inside Retail

The Magellan portfolio brings fresh styling, rugged design, unmatched scanning performance plus options that enable Artificial Intelligence (AI) at the checkout. These integrated AI capabilities simplify the deployment and adoption of sophisticated machine learning algorithms to assist shoppers and improve loss prevention.

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AI-Powered Store Intelligence Shines a Light on Shrink

Retail TouchPoints

In fact, in the 2022 National Retailer Security Survey from the National Retail Federation (NRF), nearly nine in 10 respondents said analytics, and store and business intelligence, are what’s needed most to help fight shrink and bolster loss prevention teams. A smoother operation can limit shrink where controllable.

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Computer Vision and AI: the new weapon against shoplifters

365 Retail

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). The camera points at the scan area of the self-checkout terminal.