Remove Fulfillment Remove Loss Prevention Remove Planning
article thumbnail

Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

Yet despite the growing frequency of ORC, retailers would be remiss to focus their loss prevention efforts solely on these brazen, smash-and-grab scenarios. In fact, according to the 2023 National Retail Security Survey conducted by NRF, Appriss Retail and the Loss Prevention Research Council, 68.8% Similarly, 57.8%

article thumbnail

Newmine Helps Retailers Understand and Correct the ‘Why’ of Returns

Retail TouchPoints

The AI- and natural language processing-powered software was designed to determine the root cause of returns upstream, from planning, design and marketing to customer delivery. Newmine aims to help retailers analyze sales and returns through its Chief Returns Officer platform in order to become better informed about customer actions.

Returns 269
Insiders

Sign Up for our Newsletter

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

article thumbnail

Holiday Store Experience Survey: Consumers Prioritize Safety Over Immersive Shopper Journeys

Retail TouchPoints

Top-line findings from a recent Sensormatic survey reveal that while in-store shopping is expected to rise through the holiday season, what consumers are looking for while they’re there is for retailers to provide insight into product availability and alternative fulfillment offerings.

Consumer 261
article thumbnail

Exclusive: How Daniel’s Jewelers is Using Vision AI to Better Serve its Customers

Retail TouchPoints

One prime example: the retailer’s partnership with RetailNext to use in-store traffic analytics for shaping everything from staffing strategies to improving store performance and even loss prevention. When David Sherwood joined the family business in 2001, the plan was to sell.

article thumbnail

Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

article thumbnail

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.

article thumbnail

Automation in Retail

Cisco Retail

It also allows retailers to rely on automation to address permissions for the network or online order fulfillment and notification. For example, video analytics can now monitor the activity in dozens or hundreds of video feeds simultaneously and flag suspicious activity for additional review by loss prevention or safety officers.