SAN DIEGO – Shopper engagement and loss prevention technology company Indyme Solution, LLC is rolling out a device designed to remind shoppers to practice social distancing amid the coronavirus (COVID-19) pandemic.
In a recent earnings call, Walgreens CEO Tim Wentworth acknowledged that locking up merchandise to prevent shoplifting has negatively impacted sales. He stated, «When you lock things up… you don’t sell as many of them. We’ve kind of proven that pretty conclusively.»
Indyme Solutions is proud to announce a new strategic collaboration with Sensormatic Solutions, the retail technology portfolio of Johnson Controls, to enhance loss prevention and customer experience solutions. This partnership brings together two industry leaders to deliver innovative tools designed to address key retail challenges while prioritizing shopper satisfaction.
Highlighting the Freedom Case™ and More
Among the solutions now part of Sensormatic’s loss prevention portfolio is Indyme’s groundbreaking Freedom Case™, a self-service locking system that reduces shrink by up to 98% without frustrating shoppers. Alongside this, Indyme’s SmartDome™ and SmartResponse™ solutions improve store operations by accelerating customer assistance, monitoring suspicious activity in real time, and enabling retailers to refine labor allocation.
Collaboration for Smarter Retail
“Strategic collaborations like this one are the key to driving innovation in retail,” said Tony D’Onofrio, President of Sensormatic Solutions. The partnership will allow Sensormatic retail partners to access Indyme’s cloud-based solutions directly through Sensormatic’s sales teams, ensuring seamless integration with existing communications infrastructures.
Read the full Press Release here.
Twenty-seven percent of shoppers said they would choose another retailer or abandon their purchase entirely if they came across locked-up products, but 62% said they would typically wait for assistance from an employee. The survey also found that those unwilling to wait for assistance will spend 21% of their dollars online compared to 18% for those who waited.
Spencer Hewett of Radar underscored the pivotal role of location data infrastructure in revolutionizing retail operations. Radar’s solution to inventory inaccuracies not only addresses the $1.1 trillion in lost sales but also paves the way for a seamless shopping experience. By integrating precise location tracking with inventory management, Radar offers retailers the ability to maintain accurate stock levels, significantly reducing instances of customer dissatisfaction stemming from unavailable products. This technology, when deployed across apparel retail, has the potential to elevate inventory accuracy from a mere 65-70% to near perfection, showcasing a path toward minimizing sales loss and enhancing customer satisfaction.
Locked cases, security turnstiles, AI-equipped cameras, receipt scanners, off-duty cops, license plate recognition — retailers are piling on anti-theft technologies as shoppers grit their teeth.
People tend to hate going to a store and finding deodorant, toothpaste, shampoo, cosmetics and other everyday products locked up on shelves behind display cases. Now, some stores are testing a new way to let customers open the locked displays.
Retailers are locking up just about everything to curb shoplifting. Would using an app to open cases make in-person shopping less annoying?
Shoppers across the US are increasingly forced to make an uncomfortable choice when they want to buy something — say, a vibrator — at their local drugstore: ring a bell to summon an overworked retail employee, or walk away. More stores are locking away merchandise amid rising concerns about retail theft.
When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children.
Retailers have seen a recent increase in these incidents, and grocers are particularly at risk because of the wide variety of sought-after items they sell.
Grocers have long contended with store theft. But over the past few years they’ve seen an unsettling rise in a new kind of retail crime — one that is often carried out by groups of individuals who are able to get around traditional store security measures.
NEW YORK (AP) — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children.
But that experience was short lived. In the past six months or so, CVS, Target and other retailers where Holohan shops have been locking up more everyday items like deodorant and laundry detergent as a way to reduce theft. And the 56-year-old Chevy Chase, Maryland resident is now back to shopping online or visiting stores where she doesn’t have to wait for someone to retrieve products.
Shoppers across the US are increasingly forced to make an uncomfortable choice when they want to buy something — say, a vibrator — at their local drugstore: ring a bell to summon an overworked retail employee, or walk away. More stores are locking away merchandise amid rising concerns about retail theft.
Shoppers are increasingly opting not to shop in person at Walmart following its implementation of anti-theft measures, like putting low-cost products in glass cases under lock and key.
In September, on an earnings call with investors, Rite Aid’s executive vice president of retail, Andre Persaud, floated an idea to improve the chain’s performance in New York City: turn the drugstore into one giant vending machine in order to fight shoplifting. “We’re looking at literally putting everything behind showcases to ensure the products are there for customers to buy,” Persaud said.
Retail shrink, or company inventory lost to causes other than sales, has risen to an unprecedented level, causing some of the trade’s biggest corporations to implement extra in-store anti-theft devices at the risk of losing customers.