Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies. Read More
Tag: future of retail
A recent survey reveals that 79 percent of retail executives believe that artificial intelligence and virtual reality technologies could increase sales, but only 14 percent of customers thought that technology would impact their shopping decisions. Read More
In a study presented at a 2017 conference on business innovations, mobile self-checkout solutions were found to provide a more time efficient shopping experience, particularly when stores are crowded. Read More
Evidenced by the most recent statistics, progress has been made against cargo thieves in the US. The value of stolen cargo is down. The number of retailers that report being victims has dropped. Busts have disrupted the activities of major theft rings. But in today’s retail world—where the ability to Read More
The Retail Industry Leaders Association recently kicked off its month-long initiative “September is for (R)Tech.” Throughout the month, RILA will showcase news, initiatives and research focused on the future of retail and shopping experience.
RILA launched the (R)Tech Center for Innovation in 2017 to help retailers navigate the industry’s transformation through Read More
As we reported in our recent May-June edition, the Women of Loss Prevention survey, sponsored by Tyco Retail Solutions and Protos Security, offered a comprehensive look at how women view their current roles in our industry, how they feel they are perceived as industry professionals, the role they feel gender Read More
The Retail Industry Leaders Association (RILA) recently announced its first-ever (R)Tech Global Retail Challenge in partnership with the Bensadoun School of Retail Management at McGill University. The case competition will ask students around the world to develop creative ideas for reshaping retail in the circular economy. The Challenge has attracted Read More
When I was growing up in retail, the word was that “department stores are dying. That was in the early 1980s. Then came the resurgence of Macy’s. Dead? Not so fast.
OK, it’s true that in 2018, traditional department stores may now be an endangered species, but it took forty years.
Over Read More
A global competition to find the hottest startups and innovative companies with scalable solutions to tackle retail loss and improve the customer experience is now accepting applications. Read More