Loss Prevention
2021 has been a tough year for retailers, and now a trend towards greater losses from stores is threatening to compound the global stresses that have caused supply chain issues and staffing shortages. Our automated analysis of many thousands of transactions as they happen in stores around the UK shows
According to data shared with us by the UK’s National Business Crime Centre (NBCC) [https://nbcc.police.uk], there are over 7 million incidents of shop theft each year. Of these, only about 325,000 are actually reported to police - that’s a meagre 4%. There are many
Retail Week
The two day conference was devoted to “Thriving in a Digital World”, and the theme was clearly popular as retailers of all stripes come to terms with the rapid expansion of home shopping and the need to reinvigorate stores to blend online and offline spaces.
computer vision
When we signed up to be part of the Discovery Zone at Retail Week Live, we had no idea that we would have to wait almost two years before we would be able to get to the actual event. While we all know the cause of the delays, we would
SAI
The SAI story began on a shopping trip... our journey has evolved and we are now pushing the capabilities of computer vision for retail ... in short, generating real bottom-line gains.
computer vision
Global effects are building that could cause a perfect storm for Loss Prevention professionals around the world.
computer vision
Computer vision technologies can deliver a huge amount of value for retailers, but it can be complex technology to implement. At every step of the way, Iceland and SAI have partnered to solve technical and practical problems.
Loss Prevention
In England, the law has just changed to double the minimum price retailers must charge, along with some additional requirements.
Retail Technology
Although nobody outside of the company has a precise idea of the costs and difficulties involved in fitting out a store, what we can say for certain is that even with Amazon’s inexhaustible budgets, deploying thirty stores has taken over three years.
The Unshrink: In Practice event on Thursday February 25th was a great success. Thank you very much to those of you that were able to attend. You can watch the session again here, or search "Unshrink" from your prefered podcast venue for an audio version.
Loss Prevention
Join us on Thursday February 25th at 3pm GMT - 10am EST as our panel tries to strike a balance between maximising the efficiency of store operations while minimising the risk of losses. Limited places are still available. Reserve yours today [https://www.eventbrite.co.uk/e/unshrink-in-practice-tickets-136966246731?aff=ebdssbonlinesearch]
Artificial Intelligence
Our recommendation is that if your provider has any facial recognition components, or if you are unsure where their training data comes from, you have a long talk with them and then have a longer conversation with us.
