Reducing theft-related losses remains a major challenge for retailers, whether they are independents or managing a network of hundreds of stores. In this episode, Tom Symons, founder of iRetailCheck and Profit Protection Services, shares his expertise on in-store shrinkage and the technological tools that can help prevent it.
We discuss the different types of theft, human error, and the concrete solutions available to detect these issues without harming the customer experience. Tom explains how artificial intelligence can identify suspicious behaviors such as scan-avoidance or push-out theft, what level of investment is required, and how accessible these technologies are for smaller store formats.
This is an episode for anyone who wants to understand how to protect their revenue from those infamous “Oops, I forgot” customers.
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