Walmart and Amazon are using artificial intelligence to improve business efficiency and create new opportunities for the consumer. Analysts at GlobalData note that “Walmart and Amazon are no longer competing just for market share. Their artificial intelligence […]
To combat the epidemic of shoplifting, supermarket chain Sainsbury’s is testing cabinets with built-in artificial intelligence and special security technology. Now, to retrieve a bottle of expensive alcohol, a visitor will go through facial recognition and loyalty […]
New York City fights retail theft with ‘innovative technology’. Mayor Adams and the NYPD announced the launch of a pilot program in May 2024 that uses technology to combat the rapid increase in retail theft and crime […]
Amazon has completely abandoned the «Just Walk Out» technology, where shoppers would take items and simply walk out of the store, bypassing checkouts and controls. The self-service system relied on multiple cameras, sensors and good old-fashioned human […]
A recent New York Times article, «Is Shoplifting OK if the Shop Owner Is Awful?» offers readers the story of an American woman who sees shoplifting as a symmetrical response to what she sees as dishonest and […]
At the end of 2023, Boeing has indicated that it is shifting its research priorities from aerospace sphere to big data. The company will dedicate more than 80% of its grants to this. At the heart of […]
According to new data from Avery Dennison, more than half of Generation Z shoppers prefer self-service checkouts and kiosks. In fact, one-third of young shoppers admitted to shoplifting while paying at self-service checkout counters. According to a […]
Rite Aid, the company that used facial recognition technology to catch shoplifters, has been banned from using the technology for 5 years in response to a settlement of a complaint by the US Federal Trade Commission (FTC). […]
Artificial intelligence is being actively implemented in virtually every aspect of life and business. Specifically, its performance and effectiveness is being tested in the retail industry, where, in conjunction with traditional anti-theft measures, it is designed to […]
The UK has been hit by a wave of robberies at retail stores. The Guardian cites several stories from shopkeepers whose outlets have been hit hardest by theft. The rise in shoplifting comes amid the cost of […]
According to Retail Gazette, the number of incidents of physical assaults on sales clerks at British grocery chain Tesco has risen by a third since 2022. According to the company’s CEO Ken Murphy, the company is considering […]
Shoplifting: how serious is the problem? Theft is estimated to cost the entire Australian industry hundreds of millions of dollars each year, with major supermarkets reporting significant spikes over the past year. Fred Harrison, CEO of Ritchies […]
Owners of retail chains in the USA, Europe and Australia are sounding the alarm. The growth in theft has exceeded the pre-pandemic figures (after some suspension of the lockdowns), and is provoked by inflation and rising prices, […]
8 stores with self-service cash registers will be closed within a month in several U.S. cities. The stores without salespeople are equipped with expensive high-tech equipment and are unprofitable. In order to optimize its portfolio, the company […]
In one of ECR Retail Loss Group‘s large surveys on the development of video technologies in retail, experts paid special attention to the economic and practical justification of their use in the work of retailers. Respondents (owners, […]
Charged, an independent online retail technology news publication, reported that the number of thefts committed at stores with self-service checkout counters in the U.S. and U.K. has increased by 26.5% and 18%, respectively. Analysts attribute the increase […]
All retail chains are subject to shoplifting in one way or another. Theft is one of the items of loss that retail management tries to reduce. But how are shoplifters caught? By certain means: video surveillance, anti-theft […]
Video fixation is a classic solution to prevent theft and conflict situations in retail chains, as well as an undoubted help in catching a criminal who has already committed a theft on the territory of a retail […]
Danish TV and radio company Danmarks Radio reported that «in the last six months, almost 23% more thefts were registered in stores compared to the same period last year. This is evidenced by data from the National […]
Everyday shoplifting causes billions of losses to the retail business every year. This is between 2% and 5% of the revenue of retail chains. The damage is covered by everyone: owners, staff and honest customers who are […]
For most retail outlets, it doesn’t make sense to hire an extensive security staff to keep an eye on all visitors. Firstly, it is expensive, and secondly, the work of a person within the framework of tracking […]
