YOZO’s Post

Check out this interesting article from The Sun discussing the recent measures taken by Tesco to prevent shoplifting. It seems that some shoppers are expressing frustration, labeling it as a sign of 'Broken Britain'. What are your thoughts on this? Let's discuss! #Tesco #ShopliftingPrevention #RetailSecurity https://ift.tt/ogulIC3

"Highlights: Stores lost $112.1 billion to retail theft in 2022; projections indicate shoplifting could cost retailers over $140 billion in 2025, according to a report from Capital One Bank." This issue ranks as the number one concern for supermarkets nationwide and globally. The staggering losses from shoplifting have become almost untenable for many supermarkets. One of the features that INSTALANE is most proud of is our exclusive INSTASECURE net feature, designed to prevent shoplifting. This feature, offered free to our partner supermarkets, is simple yet effective, based on the principles of trust but verify. If you own a supermarket and would like to learn more, please email us at Customercare@Instalaneusa.com

Kroger gives up on its original self-checkout experiment Target has imposed item limits at self-checkout in some stores while Walmart has removed self-checkout in select stores. Dollar General has also decided to cut down its reliance on self-checkout. Over the past few years, nearly all the major chains that sell groceries have installed self-checkout lanes. The results, however, have been very mixed as while labor costs come down, shoplifting — both intentional and accidental — goes up. "39% of all thefts within grocery stores occur at self-checkout," according to data from loss prevention platform Auror which based its information on 2.5 million transactions across 10,000 stores. The average self-checkout theft costs a store $120, or one 8-hour shift of a cashier making $15 an hour. There is a better way to checkout.. Connect with me to learn more from the Global Leaders in #SmartCart Solutions Cust2Mate - A2Z (Nasdaq:AZ) https://lnkd.in/eKxHS7-w

Title: Tesco's Solution to Shoplifting Sparks Debate Hey LinkedIn fam, let's talk about the recent news on Tesco using nets to deter shoplifters. Some are calling it a sign of 'Broken Britain', while others see it as a practical step to reduce theft. What's your take on this? Join the conversation, and let's discuss the balance between preventing theft and maintaining a welcoming shopping environment. #Tesco #ShopliftingDebate #RetailSecurity https://ift.tt/ogulIC3

According to an article by Vox, it seems that concerns about organized retail crime may have been exaggerated in recent years. According to data, shoplifting rates have remained relatively consistent since 2020. However, some cities such as New York City have still seen a significant increase in shoplifting incidents, with a reported rise of 64%. It is worth noting that obtaining accurate data on shoplifting can be challenging because there is no national database, making it a difficult issue for retail organizations to address. This lack of reliable data may have contributed to concerns about the extent of the problem being overstated. Do you agree or disagree with the article? Comment down below! Source: https://hubs.li/Q02tRh910

In 2020, Walmart started testing cashierless, all-self-checkout big box stores, first in the United States and then in Canada, reported the CBC. "But the pilot project didn't quite catch on. Walmart tells CBC News that, currently, just one big box location across Canada and the U.S. has an all-self-checkout, cashier-free format — in Sainte-Agathe-des-Monts, a small town in Quebec." "Meanwhile, over the past eight months, the retail giant has removed all its self-checkout machines at six U.S. locations, joining several other big box chains that have ditched the machines in certain stores, including, recently, a Giant Tiger in Stratford, Ont."   "It's a surprising shift in the predicted trajectory — instead of the all-self-checkout store becoming the norm, some retail outlets are returning to the traditional, all-cashier format."   "Stores anticipated that this technology would allow them to significantly reduce labour costs," said Christopher Andrews, a sociologist and author of The Overworked Consumer: Self-Checkouts, Supermarkets, and the Do-It-Yourself Economy.  But instead of cutting costs, some stores discovered that self-checkout actually hurt their bottom line, largely due to theft, says Andrews." https://lnkd.in/gMVxECW6 #canada #retail #selfcheckout

#Retailers are finding more challenges with #selfcheckout stations. A recent LendingTree survey found approximately 20% of #consumers who used self-checkout reported accidentally leaving a store with an unpaid item, while 15% acknowledged intentionally taking an item without paying for it. Retailers have been pulling back on their self-checkout stations as #theft has been a noticeable problem, whether that means not paying at all or scanning only their lowest priced item. Some are deciding to completely close this option for shoppers while other stores are limiting the number of items that can be checked out at a time. This is slightly unexpected as retailers were actively adding self-checkout options to improve the #shoppingexperience for young customers earlier this year. 

Check out the latest article from The Sun about Tesco's decision to wrap everyday items in nets to deter shoplifters. Join the debate on the state of retail security and its impact on everyday shoppers. How do you feel about this measure? #Tesco #RetailSecurity #ShopliftingPrevention https://ift.tt/ogulIC3

This is well worth a read, and if you can fill out the survey.

Very interesting article showing the challenges for high street retailers with the cost of living increases still facing the population. Although food and drink grocery volumes have seen their largest year-on-year growth in over 12 months, this should, however, be viewed in the context of the retail market having endured a prolonged period of significant volume decline and therefore could be considered more as a return to a previous norm? Preventing theft is never more so important than it is now! #purchek #lossprevention Gatekeeper Systems UK Gatekeeper Systems, Inc.