For both customers and merchants, the retail experience is going to transform dramatically over the next five to 10 years as the Internet of Things (IoT) moves from novelty to mainstream. With growth from 900 million units installed in 2009 to a predicted 26 billion by 2020, there are five ways the Internet of Things will drastically alter the retail industry.
Checkpoint Systems, a leading global supplier of merchandise availability solutions for the retail industry, has launched the next generation of intelligent electronic article surveillance (EAS) solutions.
Greg Saputo has spent a career in retail loss prevention and in the latest installment of the National Retail Federation’s video series, “This Is Retail,” he reflects on the first time he caught a shoplifter.
Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems.