It’s safe to say that 2020 will be a pivotal year for the retail industry. As more consumers turn to e-commerce giants like Amazon for their shopping needs, many traditional brick-and-mortar retailers are feeling the pinch. Video surveillance is one tool that can help turn the tide.
Post-World War II, technology has been the primary engine driving the retail industry's transformation through three powerful megatrends. As we approach the perfect vision year 2020, this article summarizes the state of the third and most important megatrend—mobile communications and the smartphone.
The last decade saw a remarkable amount of innovation in the LP and AP space. Numerous teams found themselves asked to do “more with less,” including increasing productivity with the same resources. Various technology solutions emerged to help labor-strapped LP teams do so, and we will continue to see their adoption throughout the next decade.
According to some, apparel retailers are one of the biggest contributors to climate change. Fortunately, many are receiving the message that they need to turn to sustainable business practices to protect both the environment and their brand.
Sensormatic Solutions released its ShopperTrak predictions for Super Saturday, the last Saturday before Christmas (December 21) and the holiday week. Super Saturday is expected to be the second-busiest shopping day of the 2019 holiday season.
When getting the future right is a matter of real consequence, when it has the power to steer loss prevention down the right or wrong path, clickbait forecasting feels insufficient. A deeper perspective on the dynamics that are driving retail change, and on the foundation upon which changes will emerge, seems a better guide.
In an exclusive interview, LPM Executive Editor Jim Lee speaks with Kurt Leisure, vice president of risk services for The Cheesecake Factory. Leisure, who is responsible for risk management, insurance claims, safety, and loss prevention, provides valuable, wide-ranging insights on these important retail industry topics.
Data indicates winter storm and buy online, pick up in store (BOPIS) trend impacted shopper traffic for Black Friday weekend and Cyber Monday
From trending news stories, 2019 conference presentations, and interviews with industry thought leaders, a picture of the future becomes—if not clear—perhaps a little sharper in focus. Here are ten trends expected to impact retail and LP in the next few years.
Sensormatic Solutions released preliminary shopper visit data for brick-and-mortar retail stores and shopping centers on Thanksgiving Day and Black Friday. Findings indicate that shopper...