article thumbnail

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.

article thumbnail

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

Inside Retail

In our recent report , we asked loss prevention managers the most common tactics used, and the most common are still very simple tactics that require no planning,” Townsley said. I think it’s the case where [retailers] really didn’t think shoplifting would increase with self-checkout, but it’s made it really easy.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

article thumbnail

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

Retail TouchPoints

Rob Almond, CEO of facilities management firm NEST , spoke to Retail TouchPoints about the combined impact on brick-and-mortar stores from COVID-19 closures and the property destruction accompanying some of the initial Black Lives Matter protests, as well as new technologies designed to promote customer and employee safety and peace of mind.

article thumbnail

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.

article thumbnail

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. Network cameras can be implemented to monitor entrance points and sales areas, including standard and self-checkout stations. Future-Proof Security.

article thumbnail

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. End-to-End Digitalisation in Claim Management. Anke Schmidt, Dirk Rossmann GmbH, Management Board for an International Retail and Purchasing Organisation. Michał Wesołowski, Checkpoint Systems, Strategic Account Manager.