Beginning in October 2015, credit cards across the United States will be required to use chip and PIN technology. These types of cards are already widely used in developed countries around the world, but until recently, they weren’t very common in the U.S. What does this new technology mean, and how can your retail store prepare for the change? Keep reading to learn more about this switch so that you can plan for the changes ahead of time.
Business in the restaurant industry is chaotic at the best of times. Customer numbers may increase or remain steady in a good economy yet may suffer tremendously if the economy takes a tumble. As portrayed in Anthony Bourdain’s memoir Kitchen Confidential, struggling restaurateurs can get awfully desperate, relying on gimmicks like brunch and 2-for-1 dinners to help them keep the doors open. But one way in which smart restaurant owners and chefs can save themselves money all year long is by paying attention to seasonality and how changes in season can have an impact on their business. Let’s look at some of those forces at work and address how vision, strategy and technology can help restaurants to minimize the negative impacts of seasonal changes and use the food of the season to their advantage.
Everybody enjoys the movies, but most people may not realize that the business, which earned over 10 billion dollars last year, is exposed to all kinds of threats. One of the most prevalent threats to cinemas and movie theaters is loss, whether it’s from customer engagement, employee theft, or mismanagement. Threats can emerge from identification fraud, false payments, fast-paced checkout counters, a transient customer base, a high quantity of low-dollar cash transactions and a lack of experienced cashiers, not to mention a lack of transparency as to how the theater actually operates on a day to day basis.
A security system is a key element to protecting the assets, employees, products and integrity of a retail operation. Equipment and features are important factors when choosing the best security systems from manufacturers but it’s also important to consider the character of a retail operation. Monitoring and analysis of retail operations that are only open during the day or are safely secured within, for example, a shopping mall, is a fairly easy proposition. But do you have the right equipment to monitor your retail operations after hours?
Here are some of the cutting-edge systems equipped with the latest technology—especially night vision applications—to ensure that security systems keep up with ever-increasing sophistication on the part of potential criminals.
Hotels may have long considered theft a cost of doing business—it’s difficult to balance inventory control with the demanding needs of customer service. However, new technologies are becoming available that may help management and staff curb loss in all of its forms, from assets gone astray (for example, uniforms that don’t come back from the cleaners), to mistakes in item counting (e.g. minibars and toiletries) to the occasional but inevitable guest or employee theft. From RFID linen/supplies tagging to video surveillance and analytics to door locking technology, hotels are finding novel and innovative ways to protect their assets, and their guests. Here are five areas that hotels should keep an eye on.
We often see complex-looking security tags on expensive items in retail operations and commonly in clothing stores. They have been around for a long time, but how effective are they and have shoplifters figured out ways to bypass them? Let’s take a closer look at security tag technology.
Inventory software programs are critical to retail operations because they let managers track usage, monitor inventory via unit dollar costs, and calculate precisely when it’s time to order new inventory. More sophisticated point-of-sale (POS) software integrated with advanced video surveillance and business intelligence can even analyze inventory levels on a single-item basis and control inventory all the way from the time it arrives from the supplier to the point it leaves with your customer at the cash register.
Restaurant Owners Can Use Technology to Increase Profits
Turning a profit in the restaurant business can be a tricky endeavor, to say the least. But many restaurants are beginning to build technology into their dining experiences in an effort to create happier customers and bigger profits. From menus displayed on tablets to seamless online ordering, tech can change the way customers experience restaurants. But, can technology have a positive impact on experience, and the bottom line in your restaurant?
Learn more about the implications of new technology to determine whether you should bring some of it into your own restaurant.
Technology changes how consumers decide what, when and how to purchase goods and in an age when technology is going through innovation at an exponential rate, it can be difficult for stores large and small to decide where to invest their resources and how to respond to changes in technology. Here are six innovative technology trends to look out for in the near future.
Consumers carry around a terrifying amount of data with them every day. It’s true that retailers are guilty of collecting it for financial advantage as well but the responsibility of securing the data stored on the credit cards and smart phones of customers is growing every day. In 2013, Target let hackers slip away with the personal information of over 110 million customers, while the hackers that hit Anthem Healthcare last year carried off the personal data of more than 78 million customers and even many non-customers. Here are some risks and concepts to think about in order to start planning how your retail operation can ensure that your customers’ data is secure from theft, so they feel safe.