PYMNTS-MonitorEdge-May-2024

retail theft

Corsight Uses Facial Recognition, AI to Combat ‘Sweethearting’
Corsight Uses Facial Recognition, AI to Combat ‘Sweethearting’
October 29, 2024  |  Fraud Prevention

Corsight has launched a solution that uses facial recognition and artificial intelligence (AI) to combat a form of retail theft in which employees give unauthorized...

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Target to Lower Threshold for Apprehending, Prosecuting Shoplifters
Target to Lower Threshold for Apprehending, Prosecuting Shoplifters
June 28, 2024  |  Retail

Target will reportedly lower the threshold at which store staff can attempt to stop nonviolent theft. In a new guideline expected to be implemented this...

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Tech-Enabled Solutions Put the Brakes on Returns Fraud
Tech-Enabled Solutions Put the Brakes on Returns Fraud
April 24, 2024  |  Retail

An integral aspect of the retail cycle, returns have surged in recent years with the growth of online channels. However, accompanying this increase in returns...

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Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
March 21, 2024  |  Retail

As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below...

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Dollar General Reduces Self-Checkout Options to Increase Engagement, Decrease Shrink
Dollar General Reduces Self-Checkout Options to Increase Engagement, Decrease Shrink
March 14, 2024  |  Retail

Dollar General is cutting back on its offering of self-checkout options, saying it is doing so to improve the customer experience and to reduce inventory shrink....

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Retail Theft and Shrink Reports Have Investors Seeking Answers
Retail Theft and Shrink Reports Have Investors Seeking Answers
January 09, 2024  |  Retail

Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety...

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Target’s New Strategy? Locking Up Essentials, Letting Luxury Loose
Target’s New Strategy? Locking Up Essentials, Letting Luxury Loose
October 09, 2023  |  Retail

Why do so many shoppers like Target or Walmart? For some, it’s considered a nearby oasis that offers affordable prices on a diverse range of...

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Locking Up Retail Items Doesn’t Always Stop Theft, and It’s a Worldwide Worry
Locking Up Retail Items Doesn’t Always Stop Theft, and It’s a Worldwide Worry
October 03, 2023  |  Retail

Retail crime isn’t solely affecting the United States; it’s also a burgeoning concern on the other side of the Atlantic.  On Sunday (Oct 1), 88...

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As Target Closes Stores, H&M Looks to Tech to Stop Retail Theft 
As Target Closes Stores, H&M Looks to Tech to Stop Retail Theft 
October 02, 2023  |  Retail

The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M...

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