Ordering online and picking up in-store is one initiative retailers are trying to implement to bridge the gap between online and offline shopping.
An article on Fortune today outlined the use of FaceFirst, a facial recognition technology, in retail outlets to help identify suspected shoplifters. The concept is simple: the system identifies individuals from a live image feed and compares their facial features against a pre-existing database put together by the retailer of known suspects or offenders; if there is a match, a security guard or employee is notified via email, text or SMS alert.
Quartz reported today that nearly half (47%) of global credit card fraud occurs in the U.S., despite the U.S. only accounting for about a quarter (24%) of the world's credit cards, according to a report from Barclays (see above graphic).
Did you know that you can report shrinkage and inventory adjustments in your general ledger based on the reason for the adjustment?
The Age reported last week (May 17) that an 18-year-old university student discovered a security flaw that left hundreds of thousands of Optus customers' voicemail accounts vulnerable to hacking.
Target faced a PR nightmare over the holidays when, on Dec. 19, it announced a data breach that affected 40 million customers' credit and debit card accounts for in-person transactions made between Nov. 27 and Dec. 15.
The big news in wireless today was Apple unveiling its new flagship iPhone 5S, as well as its line of more affordable and colorful iPhone 5C phones (pictured above).
Your friends are coming to visit you from out of town today. They arrive while you're at work and typically they'd have to come to your office to get your key and get into your apartment. But with the new Smart Lock from August (pictured above), those days are over.
"Imagine walking down an aisle at Target and casting a glance at a big orange bag of Cheetos on the shelf. Next thing you know, an ad featuring Chester Cheetah pops up on a video monitor in the aisle," wrote Meghan McDonough of Digital Trends (April 29). "A new eye-tracking device called SideWays is responsible."
Employee theft is a major issue in retail. According to the National Retail Federation, 44% of missing merchandise in 2011 was attributed to employee theft, amounting to a total value of $15 billion.
According to the National Retail Federation, employee theft cost companies $34.5 billion in 2011, accounting for 43.9% of total losses, wrote John Patrick Pullen of Entrepreneur magazine (Oct. 24).
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