While contributors to shrink are multi-fold, one strategy that retailers have leveraged to successfully combat shrink losses is scan-based trading (SBT).
The newly enhanced, cloud-based Shrink Analyzer application can now integrate RFID and EPC data from targeted—and previously unmonitored—store areas to improve visibility and predictions of loss events.
In this episode of LPM's Inside Scoop Podcast, we hear more about applications to help LP (and other retail teams) become more efficient and solve problems quickly.
LVT has unveiled SafeNow, a mobile application feature that allows employees to activate LVT unit lights and audio warnings, improving their safety during shift changes and any time they are outside of the building.
Theatro’s software-as-a-service platform, purposefully designed for frontline workers, provides a suite of collaboration applications that deliver information in real time to help improve their productivity and physical safety.
In the third year of this event, retailers gathered to learn more about RFID, Smart Exits, pilots, rollouts, how to sell the program internally, partnering with and educating law enforcement on RFID, and many other topics.
Read how AI is helping retailers reduce shrink at checkout by identifying both intentional theft and honest mistakes, improving efficiency, and delivering measurable ROI.
Is another retail apocalypse for physical stores on the horizon? What are the latest growth forecasts for global retail in 2025? Tony D'Onofrio shares his predictions.
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.