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Co-op lost £70m to shoplifting in 2023 as it uses AI to stop self-checkout theft

Retail Gazette

Retail crime cost The Co-op £70m last year, according to food managing director Matt Hood, as the mutual turns to AI to stamp out theft at self-checkouts. Instead the mutual is linking AI to CCTV cameras to track what items are put into bags at self-checkouts. when the impact of the disposal was excluded.

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Smaller Spaces, Bigger Tech and Optimized CX

Retail TouchPoints

Customers book an appointment online and then shop in-store, creating a more curated feel while making life easier for associates to manage. Self-Checkout/Roaming Checkout. Versions of self-checkout are already in play for grocery, big box and a variety of other stores, mostly to reduce wait times at registers.

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5G in Retail: Creating the WOW factor

Retail TouchPoints

5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. 5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. 5G-enabled tools can allow for order picking and inventory management.

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5 Real-World Ways 5G Will Transform Retail

Retail TouchPoints

Now we’re partnering with companies like Google, Microsoft and Amazon that manage that data processing in the cloud to power whatever it is that retailers want to do, and you can do these things with a smartphone.”. Fast, Frictionless Checkout. In-Store Inventory Management. stores — the future is here folks.

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How to Deliver a Flawless In-Store Customer Experience

Independent Retailer

RFID is rapidly gaining implementation within the retail sector and is a key technology applied to aid business operations by improving inventory management and stock visibility as the foundation of adoption. The adoption of RFID technology also allows retailers to reduce the friction at checkout points. Enhanced Inventory Management.

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Zebra Technologies releases 16th Annual Global Shopper Study

Mass Relators

–   Zebra Technologies Corporation  has announced the findings of its 16 th Annual Global Shopper Study that confirmed retailers are feeling the omnichannel squeeze, particularly with managing online returns and reducing shrink caused by theft, fraud and other contributing factors.

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How Retailers Meet Tough Challenges Using NVIDIA AI 

Nvidia

AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process. Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. Customers can walk into a store, grab the items they want and pay with their mobile phone on their way out.

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