Retail TouchPoints
FEBRUARY 26, 2024
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. But in the process, he fell back in love with the business he had grown up in, and the plan changed.
Retail TouchPoints
JUNE 29, 2022
Evaluate Your Retail Store’s Location. Every retail store has unique property characteristics that should be taken into consideration when deciding on physical security — one of which includes where your store is located. When designing your retail space, where and how you use security cameras is key to loss prevention.
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Mass Relators
OCTOBER 25, 2023
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.
VMS
JANUARY 25, 2022
The most common types of payment used during the original purchase that led to a return were credit cards (22.78 The categories with the highest return rates were similar to 2020 metrics: auto parts (19.4 percent), apparel (12.2 percent) and home improvement and housewares (tied at 11.5 percent), cash (12.69 percent) and debit cards (7.04
VMS
NOVEMBER 30, 2022
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. Starbucks workers organized at many locations in 2022. location voted in favor of starting a union. It was the third company-owned location to so vote.
Retalon
SEPTEMBER 22, 2021
Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. Payment, return, and exchange policies.
Retail Next
SEPTEMBER 10, 2019
Instead of aiming for your dream space right away, try to find a more modest one that offers you a good location, but costs less. You don’t want to get a bad reputation among fellow business owners as someone who is always late on payments. Shop Around to Lower Credit Card Service Fees.
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