Cherington Boarin

With 68% of retailers are experiencing shrink rates above the industry standard of 1.5%, with external theft 41%, damaged inventory 19%, vendor fraud 14%, employee theft 14% and, internal errors 11%. Your in-store security is only as good as the technology behind it - if your network goes down it takes your security cameras, supply chain, warehouse and inventory tech with it! TALK TO US about ultra-fast Atomius SD-WAN, which costs a fraction of most other SD-WANs on the market without compromising on advanced tech or throughput https://lnkd.in/d4su_VdH Or see how our complete network and cybersecurity solution OMNIA, will help secure in-store, warehouse and supply chain as well as customer and business data https://lnkd.in/dvVkvpqZ #retail #retailers #security #retailbusiness #OMNIA

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Best Buy may be overlooking the value of a compelling customer experience if their strategy is to rely on the timing of a product life cycle. Most of their merchandise is made up of commodity items. It’s hard to win in that space against online retailers with lower overheads. #AI isn’t always the answer.

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Measuring consumer engagement with retail displays involves several methods to understand how effective they are driving interactions. Read more: #displays, #merchandising, #customerengagement https://lnkd.in/g_g8gWsm

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𝗪𝗮𝗹𝗺𝗮𝗿𝘁 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗦𝘁𝗼𝗰𝗸𝗫 𝘁𝗼 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝗶𝘁𝘀 𝗼𝗻𝗹𝗶𝗻𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲. 👟 Key offerings: Pre-verified, coveted athletic shoes Brands include Nike's Air Jordan, New Balance, and Asics 🚀 Launch details: Items available on Walmart's website next week StockX to handle verification and order fulfillment 💼 Strategic insights: Partnerships could expand to thousands of products Aims to meet consumer demand for collectible items and in-demand sneakers 🆕 StockX's first third-party platform deal: Opportunity to reach a new consumer base 🏆 Walmart's competitive strategy: Boosting online business to compete with Amazon Recent updates for third-party sellers include new product categories and cross-market selling features 📈 Walmart's digital growth: Digital mix nearly doubled since Q1 2020 (9% to 16%) eCommerce sales increased from $9.3B to $21.8B in Q2 2024 🎯 Market share comparison: Amazon: 8.3% of consumer retail spending in Q2 Walmart: 7.5% of consumer retail spending in Q2 #Walmart #StockX #eCommerce #RetailInnovation #Sneakers #MarketplaceGrowth

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Retail Media Network Basics At A Glance At the Path to Purchase Institute, we've curated all the essential retail media intel, terms, and definitions you need to know. Whether you're new to retail media or looking to refresh your knowledge, this article is packed with valuable resources to help you stay ahead of the curve. Take a look and get up to speed on the latest in retail media. #RetailMedia #Marketing #P2PI #membership #MediaTrends https://lnkd.in/eS4Jnid8

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The attached read reviews the most common reasons for retail display issues in the field: #displays, #retail, #merchandising https://lnkd.in/gVAFqr_i

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If you're curious about why cost vs. retail is important, how shrink can be hidden, or why investigators need to dig into the numbers, you won't want to miss this episode of LPM's Inside Scoop Podcast!

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Retail has changed a lot in the past decade, with e-commerce leading the way. Online shopping is now the norm, and new tech like mobile payments and AI are enhancing the experience. Retailers have had to stay flexible to keep up. #RetailTrends #EcommerceGrowth #AdaptAndThrive

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what is collaboration? 👇 "At Apple, collaboration is more than simply working together — it means passionate, collaborative debate. People on retail, hardware, or marketing teams may focus on different issues, but the principles of respectful, honest discussion remain the same: We advocate ideas, contest points of view, and ultimately build on each other’s thinking to come up with the best solution. Cross-functional collaboration is crucial, because no one team is responsible for a product or a service on its own. Dozens of specialist teams may be needed for even a single key component of a new product. Yet each team works with a shared purpose — create an extraordinary user experience." #apple #development #leadership #inspiration #motivation #coach #manager #leader #Inspirational #wisdom #entrepreneur #success #businesscoaching #growth #personaldevelopment

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Dear LinkedIn community, We’re thrilled to announce a breakthrough in fabric display solutions! At Zebra Design Support, we’ve been hard at work creating tailor-made fabric displays that blend innovation, aesthetics, and functionality. 🌟 🎨 Why Choose Our Customized Fabric Displays? Personalization: No two brands are alike, and neither should their displays be. Our team collaborates closely with clients to understand their unique needs, brand identity, and messaging. The result? Bespoke fabric displays that resonate with your audience. Quality Craftsmanship: From tension fabric walls to hanging banners, our displays are meticulously crafted using premium materials. Whether it’s a trade show booth, retail space, or corporate event, our fabric displays stand out for their durability and visual impact. Versatility: Need a lightweight backdrop for your product launch? Or an attention-grabbing fabric archway? We’ve got you covered. Our solutions adapt seamlessly to various settings, ensuring maximum versatility. Eco-Friendly: Sustainability matters. Our fabric displays are eco-conscious, using recyclable materials and minimizing waste.  📞 Contact Us: Mail/ Text. Let’s elevate your brand presence with stunning fabric displays! #ZebraDesignSupport #FabricDisplays #CustomSolutions #BrandExperiences Remember, your brand deserves to shine—let Zebra Design Support make it happen! 🚀

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Retail media is the fastest-growing ad channel we track in the US, driven by new innovations, inventory growth, and new players launching media networks. Here’s a look at some of the biggest retail media moves from the first six months of 2024. #retailmedia #digitalmarketing

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Hello Retail friends, “Phantom inventory” sounds like a scary term – and for good reason. It refers to goods that appear available in inventory systems but are physically missing from the shelves. The result? Lost sales, frustrated customers, and distorted demand forecasts. The good news is there is a better way, by using predictive inventory. This is a technology that leverages machine learning to identify inventory inaccuracies, improving the accuracy of automatic replenishment. It also helps retailers identify inventory gaps and their impacts on the business. It’s a powerful way to leverage modern AI and machine learning in the retail supply chain. We’ve got an entire webinar coming up about this - in the meantime read all about it, and sign up for the webinar, here: #machinelearning #ai #retail #futureofretail

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🔍 Master the retail game with our ultimate guide! 💡 We've compiled 100 essential practices every retailer NEEDS to know—50 to embrace and 50 to avoid. From starting and running your store to maximizing profits, these tips will set you on the path to success. Click the link to dive into this invaluable resource and elevate your retail business! 📈💼 Link: https://lnkd.in/gWR8NfsX #RetailSuccess #BestPractices #RetailTips

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Now the most viewed television show pulls in approximately 10 million viewers, and top 10 shows may attract fewer than 5 million. Meanwhile, there are U.S. grocery retailers that have tens of million transactions daily. So, in this age of truncated attention spans and increasingly fragmented media, retailers and brands have discovered a relatively new and highly effective way of reaching shoppers — retail media networks. #retailmedia #retailtech #digitalmarketing

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#RetailMediaNetworks have a promising role to play in the #FutureOfRetail and consumer experience. Why?   Retail media networks offer unparalleled access to first-party data, allowing brands to tailor their messaging and reach the right audience, creating seamless and relevant shopping experiences. Think about tailored ads and promotions that meet consumers where they are and make their journey more enjoyable.   Happy customers are loyal customers, and that’s a win for everyone.    Retail is a service now and brands must align and strategize to deliver on the customer promise, simultaneously improving their bottom line.   Find more in our latest video👉 https://lnkd.in/e468RVZG   #RetailInnovation #RetailRevenue #BusinessStrategy

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Groundbreaking AI Applications in Retail Shoptalk Some believe generative AI has the potential to transform the world on a par with the microchip or the world wide web; estimates suggest it could raise global GDP by over €6 trillion in the next decade. If 2023 was the year of experimentation with generative AI, 2024 will be the year companies start to expect some returns from their deployments of the technology. This session will feature three executives whose companies are leveraging generative AI in different ways. They'll share case study presentations detailing their experience and early learnings, providing concrete examples of ways the technology is shifting their businesses and ways of working. June 4th, 9-9:40 am, The Heart https://lnkd.in/dBqnz2qc See you there

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Watch here to see how VISION Technology tracks People, Items, & Interactions within the Retail Space. VISION by Standard AI analyzes everything happening in your store and distills it into insights to help you transform your bottom line.

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Despite the rapid scaling by brands, the retail media network landscape needs more collaboration, data customization, and standardization, according to speakers at a roundtable held by the IAB this past week. #retailmedia

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