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

JD Sports Powers Digital Transformation to Spur Growth in Canada

Retail TouchPoints

JD Sports , a global retailer with more than 3,000 stores worldwide, has adopted a suite of solutions designed to boost its growth in Canada, a market the retailer entered in 2021. includes cloud technology solutions with rich mobile functionality for omnichannel, POS, merchandising, ERP, warehouse management, analytics and loss prevention.

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

The survey also found that less than 13% of retail organizations are investing in technology to tackle these challenges, instead remaining focused on short-term fixes like increasing prices and running marketing campaigns. The World Retail Congress report is very telling about the current mindset of retail executives.

article thumbnail

6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

Although the creative aspect is especially important, designers and visual merchandising teams need to work closely with their colleagues in marketing, IT and business strategy to ensure all decisions align with the bigger picture. Every market is not the same, so showing up purposefully at significant times of the year is a good investment.

article thumbnail

How to Design Your Retail Space With Security in Mind

Retail TouchPoints

When designing your retail space, where and how you use security cameras is key to loss prevention. Ensure security cameras point directly toward all entrances and exits, as this can help you see where any theft is occurring or when unauthorized employees are entering prohibited areas or rooms.

article thumbnail

Kookai turns to Avery Dennison to boost supply chain and omnichannel

Inside Retail

Amelia Adey, loss prevention and compliance manager at Kookai Australia explains: “We wanted to remove any customer dissatisfaction due to out-of-stock items or missed sales due to inventory not being accurately represented in our stock file.

article thumbnail

Computer Vision and AI: the new weapon against shoplifters

365 Retail

“Thanks to such AI-assisted real-time analyses retailers can take data and facts-based decisions and avoid potential inventory discrepancies at self-checkouts,” says Nino Hörttrich, Head of Global Marketing Retail at Diebold Nixdorf. These possibilities are also the daily business for Re-Vision (a Business Unit of Extenda Retail).