Trial and discovery are critical parts of the buying journey. But locking up merchandise causes retailers to face a difficult dilemma: balancing security without harming the #customerexperience. At #SXSW this year, Christie Fleischer, CEO of Benefit Cosmetics and Brandon Davito, our head of product, explored strategies to address this challenge, like: 👥 Protecting frontline #retail employees first with technology and proper training. 🛍️ Understanding customer expectations for their shopping experiences to tailor anti-theft measures better to align with those needs. 📈 Leveraging theft #data from security systems to inform loss prevention strategies and catch repeat offenders. For an inside view into what is happening at the store-level and more broadly in the retail industry, read more here: https://lnkd.in/g5RqvwBU #retailtech
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Retail theft remains a significant challenge for the industry, as highlighted in recent earnings statements from Target, Walgreens, and other major retailers like Walmart and CVS. These companies have reported substantial losses due to organized retail crime, which has severely impacted their profitability and operational efficiency. The latest figures underscore the urgent need for retailers to invest more in proactive security detection rather than relying solely on traditional surveillance systems. While surveillance cameras can document theft incidents, proactive measures—such as advanced analytics, real-time monitoring, and predictive technologies—can help prevent these incidents before they occur. Proactive security solutions protect inventory, enhance customers' shopping experiences, and ensure a safer environment for employees. By investing in cutting-edge security technologies, retailers can better mitigate losses and secure sustainable growth. #RetailSecurity #LossPrevention #Innovation #RetailTech #ProactiveSecurity
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Retail theft is once again on the rise. Customers siting the increase in theft to be their leading business concern. Loss prevention teams are looking to create proactive solutions rather than reactive ones. So, what are the options? "facial recognition technology was said to be the most effective measure deployed to date among food retailers, followed by security guards, license plate recognition technology and RFID tags, respectively." Sound interesting? Lets talk! Full article below: https://lnkd.in/eQ_f-zHj
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🚩 Increasing numbers of retailers are reporting record losses. It’s triggering alarm bells everywhere. Recent news stories about theft, fraud and organised retail crime may have convinced you too that this is a problem you need to be focusing your attention on. But wait! ✋ Before you go all out on seemingly essential loss prevention efforts, take a few minutes to consider why most prevention processes are counterintuitive – and why doubling down on loss detection instead might prove to be a better move. 💡 In this blog, Zebra’s Vice President & General Manager of Advanced Location Technologies, Brent Brown, makes the case for ‘loss prevention’ being an outdated notion. Why? Because it invariably introduces friction into the modern, convenient shopping experience most retailers are striving to offer their customers. Instead, he argues, loss detection initiatives deliver all the insights and data you need to know exactly when, where, and why losses are happening – and if they’re actually ‘losses’ at all. Intrigued? Want to protect your retail business in the best possible way? 🔓 Check out Brent’s blog here: ⤵ https://lnkd.in/eT4KPueD #Retail #RFID #ZebraEmployee
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Increasing numbers of retailers are reporting record losses. It’s triggering alarm bells everywhere. 🚨 Recent news stories about theft, fraud and organised retail crime may have convinced you too that this is a problem you need to be focusing your attention on. But wait! Before you go all out on seemingly essential loss prevention efforts, take a few minutes to consider why most prevention processes are counterintuitive – and why doubling down on loss detection instead might prove to be a better move. In this blog, Zebra’s Vice President & General Manager of Advanced Location Technologies, Brent Brown, makes the case for ‘loss prevention’ being an outdated notion. Why? Because it invariably introduces friction into the modern, convenient shopping experience most retailers are striving to offer their customers. 💡 Instead, he argues, loss detection initiatives deliver all the insights and data you need to know exactly when, where, and why losses are happening – and if they’re actually ‘losses’ at all. ➡ Intrigued? Want to protect your retail business in the best possible way? Check out Brent’s blog here: https://lnkd.in/etvgJuGZ #Retail #RFID #ZebraEmployee
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The Modern Shopper Strategist: Award-winning retail & shopper expert, author, and keynote speaker. RETHINK Retail Top Expert (2023 & 2024). Decoding retail, tracking trends, and crafting sustainable strategies.
There are so many issues that retailers are grappling with at the moment - supply chain issues, sustainability concerns, staff shortages. The list goes on. And somewhere when often chatting with retailers about their key concerns, the topic always comes up about the challenges of shrinkage and theft and managing security in a busy retail world. I have to admit that while I often hear about the problems, I wasn't informed enough about many of the solutions and solutions providers to help retailers deal with these issues. So, it was a pleasure when I met Sarah Lenihan, one of the Verkada team in London at the recent Retail Technology Show, who later took time to talk me through the emerging trends around retail security and how technology is empowering retailers to take back control in this space. With the emergence of technologies and AI enabled tools, supporting active loss prevention strategies and enabling action in real time, this is a fascinating area in which AI is really evolving retail security, tackling shrinkage and enabling the retailer to respond more effectively to the industry issue. What's interesting is that chances are you've already visited a retail store using Verkada's security technology, you just didn't know or notice it. Check out Verkada's ebook on retail security and loss prevention measures, free to download in the retail section on their website. https://lnkd.in/eRJpCne9 And if you want to learn more, this is one of the many topics we will touch on when we host a London Retail Safari on 12th June, which looks at the needs of both the modern shopper and retailer. Rob Yeates Flick Collingwood 📈 Becca Simmons Mandy Hennebry Niamh Higgins Louise Lally Training Academy Peter Hyland Oonagh O'Hagan Jennifer Turner (Delaney) Mark McCann Simon Betson Keith Hanley Lorraine Butler Fergal Doyle CDir Jean McCabe TRYSTAN FARNWORTH Dee Cunniam Evelyn Moynihan Matt Bradley Carl Goodman William Good DJ McAllen Peter Rigney Suzanne Quinn (McHugh) Paul Lowry Áine Hussey Holly Barry Jim Barry Katrin Hengst #tre #topretailexpert
One Platform to Simplify Retail Security
verkada.com
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📣 "Retail theft costs the sector €1.6 billion every year" in Ireland. Sharon Yourell Lawlor BBS and I sat down to explore Verkada's physical security platform and how we can help Irish retailers. With AI enabled tools, supporting active loss prevention strategies and enabling action in real time - Verkada security can give the power back to Irish retailers. If you are interested in learning about how Verkada and THINK PLAN DO CONSULTING (TPD Consulting) can help with in-store retail theft, operational efficiencies in distribution centres & warehouses and much more reach out! #retail #retailcrime
The Modern Shopper Strategist: Award-winning retail & shopper expert, author, and keynote speaker. RETHINK Retail Top Expert (2023 & 2024). Decoding retail, tracking trends, and crafting sustainable strategies.
There are so many issues that retailers are grappling with at the moment - supply chain issues, sustainability concerns, staff shortages. The list goes on. And somewhere when often chatting with retailers about their key concerns, the topic always comes up about the challenges of shrinkage and theft and managing security in a busy retail world. I have to admit that while I often hear about the problems, I wasn't informed enough about many of the solutions and solutions providers to help retailers deal with these issues. So, it was a pleasure when I met Sarah Lenihan, one of the Verkada team in London at the recent Retail Technology Show, who later took time to talk me through the emerging trends around retail security and how technology is empowering retailers to take back control in this space. With the emergence of technologies and AI enabled tools, supporting active loss prevention strategies and enabling action in real time, this is a fascinating area in which AI is really evolving retail security, tackling shrinkage and enabling the retailer to respond more effectively to the industry issue. What's interesting is that chances are you've already visited a retail store using Verkada's security technology, you just didn't know or notice it. Check out Verkada's ebook on retail security and loss prevention measures, free to download in the retail section on their website. https://lnkd.in/eRJpCne9 And if you want to learn more, this is one of the many topics we will touch on when we host a London Retail Safari on 12th June, which looks at the needs of both the modern shopper and retailer. Rob Yeates Flick Collingwood 📈 Becca Simmons Mandy Hennebry Niamh Higgins Louise Lally Training Academy Peter Hyland Oonagh O'Hagan Jennifer Turner (Delaney) Mark McCann Simon Betson Keith Hanley Lorraine Butler Fergal Doyle CDir Jean McCabe TRYSTAN FARNWORTH Dee Cunniam Evelyn Moynihan Matt Bradley Carl Goodman William Good DJ McAllen Peter Rigney Suzanne Quinn (McHugh) Paul Lowry Áine Hussey Holly Barry Jim Barry Katrin Hengst #tre #topretailexpert
One Platform to Simplify Retail Security
verkada.com
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✨Delivering Brilliant Growth through Simplicity ✅We help make Simple Solutions happen 📈Brand , Shopper & Retail Transformation Expert 📈Delivering faster, better & more cost effective results
There are so many issues that retailers are grappling with at the moment - supply chain issues, sustainability concerns, staff shortages. The list goes on. And somewhere when often chatting with retailers about their key concerns, the topic always comes up about the challenges of shrinkage and theft and managing security in a busy retail world. Like my colleague and safari co host Sharon Yourell Lawlor BBS I wasn't well informed enough about many of the solutions and solutions provided to help retailers deal with these issues. So, it was a pleasure when we met Sarah Lenihan one of the Verkada team in London at the recent Retail Technology Show, and how she shared how technology is empowering retailers to take back control in this space. With the emergence of technologies and AI enabled tools, supporting active loss prevention strategies and enabling action in real time, this is a fascinating area in which AI is really evolving retail security, tackling shrinkage and enabling the retailer to respond more effectively to the industry issue. What's interesting is that chances are you've already visited a retail store using Verkada's security technology, you just didn't know or notice it. Check out Verkada's ebook on retail security and loss prevention measures, free to download in the retail section on their website. https://lnkd.in/eRJpCne9 And if you want to learn more, this is one of the many topics we will touch on when we host a London Retail Safari on the 12th June, which looks at the needs of both the modern shopper and retailer. Interested to know more please do drop myself or Sharon a DM. Also please do connect with Sarah if you want to know more about Verkadas one platform solution!
Leading Cloud-Based Physical Security | Retail and eCommerce
verkada.com
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Many retailers fear that implementing self-checkout will increase shrink - but with key prevention methods they can create a robust defense against both accidental and intentional shrinkage. Read our new blog post to discover the top three common sources of risk and how to defend against them 👉 https://bit.ly/3AAKuWb #retail #retailtechnology #retailtech
Securing self-checkout: A complex challenge requiring combined solutions
ncrvoyix.com
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New Avery Dennison research examines scale of retail theft crisis and flags importance of high and low tech measures Francisco Teixeira e Melo #retailtheft #lossprevention #retailtech #retailtechnology #retailstores https://lnkd.in/eeVCjzXY
Avery Dennison examines scale of retail theft crisis, flags importance of high and low tech measures — Retail Technology Innovation Hub
retailtechinnovationhub.com
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Are retailers prioritizing #safety as we approach the final holiday shopping rush? With the rise of #retail crime and in-store violence, it's more important than ever that retail leaders invest in tools and training to protect merchandise and employees from potential threats. Learn more about how retailers can address shoppers' concerns about shopping in person this season: https://lnkd.in/gUuq6rD8 #retailcrime #lossprevention #safetyfirst
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