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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Nvidia surveyed more than 400 retail professionals at all organizational levels and found that while AI adoption is still in its early stages, more than 60% of respondents are planning to boost their AI investments in the next 18 months. But many of these tasks may just represent the low-hanging AI fruit.

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Sensormatic Solutions Introduces Computer Vision Platform

Retail TouchPoints

The new offering is designed to help deploy a variety of analytics that provide real-time insights on retail-specific use cases related to shopper behavior, loss prevention, safety and security, inventory, shopper demographics and other data.

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

Retail Focus

This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This liberates valuable time for retailers to concentrate on core business activities and strategic planning. Security and Loss Prevention Ensuring the security of your retail store and merchandise is paramount.

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During the Holidays, Small and Mid-Sized Businesses Feel the Impact of Retail Crime

Retail TouchPoints

Unfortunately, while larger stores often have security measures like loss prevention personnel, anti-theft sensors and other helpful solutions, those measures usually aren’t financially feasible for small and mid-sized businesses.

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

Retail TouchPoints

Despite these reservations, 47% of consumers plan to shop in-store this holiday season, an 8% increase from 2020. In addition to supply chain challenges, the rise in shrink and ongoing labor shortage makes loss prevention technologies critical for retailers during the high-traffic holiday season.

Consumer 242
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Harris Teeter promotes Tammy DeBoer to president

Mass Relators

She will succeed Rod Antolock, who has announced plans to retire effective February 1. Antolock was promoted to executive vice president in 2012, where he led several teams, including merchandising, operations, marketing, human resources, loss prevention, store development, quality assurance and distribution, and manufacturing.

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5 Key Business Challenges Behind Your Merchandising Strategy

Wiser

The promoting and selling strategies that retailers use to increase sales, boost profits, draw in new customers, improve customer experiences, and shape brand image are all part of merchandising. Often, merchandising includes things like creating a pricing strategy, display design and layout, loss prevention, and store upkeep.