Companies are promising to leverage artificial intelligence (AI) to eliminate cyber threats and diagnose cancer. Other companies describe how it will be used to predict customer behavior and execute marketing campaigns. Post sponsored by Appriss Retail. Read More
Tag: exception reporting
The concept of the retail return is a relatively new phenomenon. In the mid- to late-twentieth century, retailers began accepting returned merchandise as an attempt to gain a competitive edge. The concept worked.
For many retailers, flexible returns have become synonymous with quality customer service. Nordstrom, for example, has built a Read More
3xLOGIC recently announced it is using Microsoft Azure to supercharge the performance of its cloud-based exception reporting platform, VIGIL Trends.
3xLOGIC uses Azure to process over 50 million unique pieces of point of sale (POS) data each day with VIGIL Trends. Azure Table storage serves as the backbone for the Read More
Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively affect bonuses and department morale. At times, unacceptable results may even lead to dismissal.
Forward-thinking LP professionals, like golfers in search of the key that will elevate Read More
Regardless of the protective progress retailers and solutions providers are making, thieves are still carrying off billions of dollars’ worth of goods annually. While merchandise loss costs retailers huge amounts of money, theft-driven product out-of-stocks, and sometimes locked-up goods, it also deters sales to good customers. Happy, buying customers are Read More
Retailers have generally accepted the necessity for data and analytics in their organizations. Using loss prevention analytics the right way can boost profits and reduce losses. However, the constant deluge of information sometimes makes it difficult to identify which loss prevention analytics are important and actionable and which can be Read More
What is the role of retail loss prevention? What may seem to be a simple question has grown increasingly more complicated as various functions, philosophies, tasks, and responsibilities are debated by the LP community, those who we serve, those who support us in meeting our goals, and those outside the Read More
Retailers who have made the jump to modern data analytics solutions know that the retail industry has moved past being overwhelmed by too much data and instead is now entering a time where this important data needs to become actionable. To remain competitive, it is vital that retailers use the Read More
The retail loss prevention industry has seen a pronounced evolution through the years. It is very different today than in the past, and it will continue to evolve. I have been in this business for over 40 years, so I have experienced this evolution firsthand. But until writing a recent series Read More
In Part 1 of this article series , we looked back at the beginning of this story in 1994, when The Home Depot executed the first contracts for EAS labels affixed directly by manufacturers in their packaging, rather than by in-store labor.
At that time, there were three companies jockeying for control Read More