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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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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.”

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

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6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

Then the next step is to go beyond that to say you also plan on empowering consumers to be able to live those promises as well, whether that’s inclusivity, sustainability or giving back to the community. Everyday items are behind locked plexiglass, but technology will become a key driver of loss prevention efforts.

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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. The Zebra study indicates 36% of retailers believe better analytics on shrink could help drive profitability.

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These Were the Top Retail Stories of 2022

VMS

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. In California, Amazon-owned Whole Foods stores launched palm-scanning technology at checkout. Happy New Year. INFLATION ON. YOUR MIND. OF YOUR HANDS.

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

Address the self-checkout issue: Staffing constraints have made self-checkouts a popular fixture in stores of all sizes. Throughout his retail career, loss prevention remained a focus. While they solve one issue, they create a few more when it comes to theft.