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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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Keeping Stores Safe Amid the Autonomous Retail Revolution

Retail TouchPoints

Autonomous retail technology is on the rise, with innovations like Amazon’s “Just Walk Out” technology already leapfrogging past yesterday’s self-checkout solutions. The following technology should be considered by all retailers looking to increase security in increasingly autonomous store locations: Network Cameras.

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6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

For example, Sorel had an anniversary coming up and they were across Nordstrom locations, but they don’t currently have their own brand in stores anymore. Overall, it means lower overhead and less risk, while gaining the opportunity to test and learn before committing to a permanent location.

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Two Women Use Walmart App to Steal $100,000 Worth of Merchandise

VMS

The article says Walmart’s loss prevention team began investigating the alleged thefts in March after noticing a “series of suspicious transactions” related to the app. The problem was once they reached the checkout, payment was bypassed, and they simply walked out with the unpaid merchandise.

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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. The Retail Technology Stage is located in Hall 6 Stand I 61, the Connected Retail Stage in Hall 6 Stand I 03. Frank Heinrich, Pentland Firth Software GmbH – a company forming part of the EDEKA Minden-Hannover Stiftung & Co.

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Facilities Management CEO: ‘Cleanliness Will Be Looked At In An Entirely Different Lens’

Retail TouchPoints

Consumers and employees returning to reopened stores will be looking for positive proof that these locations are safe, and that shopper journeys have been redesigned to be as “touchless” as possible. Some stores were literally in flames, and there were loss prevention issues at others.

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Zebra Technologies releases 16th Annual Global Shopper Study

Mass Relators

Many retailers expect to deploy loss prevention analytics (49%) and demand planning and forecasting (54%) by 2026. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. As omnichannel shopping continues to grow, the volume of returns increases along with it.