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Retail Risk Management And Business Protection From Emerging Threats

Retail Minded

From shoplifting to cyberattacks retailers must navigate an array of risks both in physical stores and online platforms. The Emerging Threats To Retailers Retailers operate in a high-risk environment where financial losses, security breaches, and legal liabilities can significantly impact business stability. billion in 2024, costing 6.5

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Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

According to the 2022 Organized Retail Crime Survey from the National Retail Federation, in partnership with Appriss Retail and the Loss Prevention Research Council, for every $1 billion in revenue that a U.S. retailer makes, more than $700,000 is lost due to ORC. Dr. Adi Raz serves as the VP of Data Science for Appriss Retail.

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The INFORM Act Curbs Online Fraud, Poses Business and Tech Challenges

Retail TouchPoints

Its primary purpose is to protect consumers by stifling sales of counterfeit, stolen and harmful products on online platforms — from ecommerce stores like Amazon, Etsy and auction sites to the many smaller marketplaces that may operate more locally or in niche categories. It’s an ongoing responsibility and repeats annually.

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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

They can provide guidance to customers in the aisle as they browse, upsell to increase basket size, and even take payment so that customers avoid checkout lanes. An integrated POS technology system is a digital platform that brings together all the key functions you need for wine and liquor store efficiency.

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The Rise of Smart Stores: How IoT is Revolutionizing the Retail Experience

365 Retail

IoT in Retail: Understanding the Ins and Out Fundamentally, the Internet of Things (IoT) is the network of physical objects—devices, cars, appliances, and more—embedded with sensors, software, and other technologies allowing them to connect and transmit data with other devices and systems over the internet.

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How Quick Service Restaurants Can Find Growth Opportunities

Wiser

Mobile payments and rewards, the drive to provide healthier options, and consumers’ demand for fast service without compromising on quality have affected every type of restaurant. Uber Eats, DoorDash, and others may be delivery platforms, but they are also key discovery portals as well. Reduce Shrinkage.

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Stoyan Kenderov on Preparing Your Business for Recession

Small Biz Trends

It causes monetary shrinkage to income and manufacturers, along with other businesses for an extended period of time. It is part of an unavoidable part of the business cycle, and it often create s significant havoc among many small businesses when it happens. The payment on the credit card goes to the vendor right away.