Remove ATS Remove Loss Prevention Remove Point of Sale Remove Shopping
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What to do about loss prevention in retail

Retail Focus

While perhaps not the nicest of subjects to talk about, loss prevention is one of the most important topics when it comes to retail environments. Unfortunately, theft and shop lifting are issues that cause regular issues for all retailers, in some cases even on a daily basis, and leave them out of pocket.

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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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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. At the top of the list is computer vision — a field of artificial intelligence that enables computers to interpret digital images or video.

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6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

After years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. It’s a great number because it lets you look at that by channel, but also across channels and touch points. Gonzalez: The community-driven aspect is a big part of it.

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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.

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How to Design Your Retail Space With Security in Mind

Retail TouchPoints

A freestanding store will require more security attention as there is no additional security infrastructure, like a shopping center with video cameras or security guards. When designing your retail space, where and how you use security cameras is key to loss prevention.

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Customer Behavior in Retail

Cisco Retail

Personalization of a shopping experience can drive a 40% larger basket (transaction size) according to the Boston Consulting Group. The people counters at the entrance are notoriously inaccurate and the only other reliable point of contact is frequently at the Point of Sale (POS).