Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series - Episode 64 - Consumer Trends and Global RFID Retail Adoption
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The current comfort level of going to a restaurant, shopping mall, or on vacation. 53% of consumers are now buying things online more than normal, with almost 8 in 10 shoppers (78%) expected to increase online purchasing over the next 12 months. North America leads the trend of RFID adoption with 93% of retailers reporting that they use RFID in various stages of deployment. In Europe the adoption rate 77% with 8% piloting, 37% implementing, and 32% with full adoption.
Loss Prevention Research Council Weekly Series - Episode 63 - Shoplifting and the State of Physical and Online Apparel Stores
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Shoplifting ruling the roost at big city stores, pharmacy chains. 2020 online apparel sales totaled $240.71 billion, which was down 20.3% from $301.84 billion in 2019. The top 3 reasons that inspired shoppers to make apparel/accessory purchases. The top 3 projected online growth categories in 2021. 41% of consumers feel that new tech would add value to the shopping experience.
Loss Prevention Research Council Weekly Series - Episode 62 - Coronasommia and the Rise of IoT
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
NRF anticipating USA biggest growth year since 1984. About 60% of U.S. consumers now buy groceries online. 46% have experienced poor sleep during the pandemic.The top five sources of anxiety about returning to the workplace. In 2021, the projection of connected smart devices is 46 billion, up from 35 billion in 2020. 61% of companies say that the return on investment on IoT projects are significant.
Loss Prevention Research Council Weekly Series - Episode 61 - How to end the pandemic and the future of retail computer vision
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Based on current plans, it will take until 2024 to emerge fully from the pandemic.In the first quarter of 2021, digital commerce grew 58%. The Top 5 reasons global internet uses bought products online in 2020. In 2021, the major milestone of over 1 billion CCTV cameras installed around the world. The global computer vision market is expected to grow from $2.9 billion in 2018 to over $33 billion by 2025.
Loss Prevention Research Council Weekly Series - Episode 60 - Coronavirus Origin and Latest on RFID in Retail
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
49% ask friends for advice before buying a product or service. 74% of USA homicides through firearms. Physical stores go-to method for 78% of consumers for everyday essential items. North America RFID adoption at 93%. APAC and Europe RFID adoption at 77%. Retailers that have fully adopted RFID are reporting more than 10% ROI.
Loss Prevention Research Council Weekly Series - Episode 59 - Generations Impact on Retail and Top 5 Physical Security Trends
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
67% of Gen Z shop in store most of the time. Baby Boomers have highest economic power at 43.4%. If Bitcoin were a country, it would rank 29th in world in power consumption. Retail ranked 5th as most trusted industry in protecting data and privacy. SOCs market size is expected to reach a CAGR of 11.9%.
Loss Prevention Research Council Weekly Series - Episode 58 - Amazon Revenue Per Minute and Retail Theft Apprehensions 2020
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Microsoft has 15,260 words in their fine print and it takes over an hour to read. Amazon makes $800,000 in revenue every minute. Long working hours cause 745,000 deaths a year. Cristiano Ronaldo has 517 million social media followers. Average retail theft up 19.2% in 2020.
Loss Prevention Research Council Weekly Series - Episode 57 - COVID-19 Vaccine Research and Winning Retailers' Strategies
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Top two countries funding COVID-19 vaccine research are United States ($2.23 billion) and Germany ($1.51 billion). Japan has the world's most powerful passport. 57% of the retail winners in 2020 were long-term privately owned companies. The number 1 priority for 2021 is the deployment of touchless solutions of all types which rated 178% higher for winners than other retailers.
Loss Prevention Research Council Weekly Series - Episode 56 - Countries leading vaccinations and Consumers Are BACK
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
119 Law Enforcement Officers Died in USA Line of Duty in 2021 So Far, up 20% over 2020. As of May 1, the five countries leading with full vaccination of their population. Amazon sales soared 44% year over year to $108.5 billion. Big Tech profits soar on pandemic boost. While the US is ready to boom 12 months post COVID, the rest of the world is 3-12 months behind.
Loss Prevention Research Council Weekly Series - Episode 55 - Most Productive Country and World's Largest Retailers
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
72% of all car sales will be electric by the year 2040. No.1 is Ireland where an hour’s work contributes $102.7 in GDP. No.1 is Israel at 57.4% full vaccination. The top 10 global retailers represented nearly 33% of all the retail revenue for the top 250 global retailers. The compounded annual growth rate for the global top 250 retailers was 5%.
Loss Prevention Research Council Weekly Series - Episode 54 - Innovation, Cybercrime, and Retail Robotics
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Top 10 Most Innovative companies of 2021. Top 5 most common types of cybercrime in USA. Top 5 Europe countries making the most progress in curbing the pandemic. Worldwide retail ecommerce in 2020 increased 27,6% with sales crossing $4 trillion. 63% of retailers say the pandemic has led to a moderate or sharp increase in robotics. Top 5 Robot Retail applications.
Loss Prevention Research Council Weekly Series -Episode 53 - Pandemic Leaders and Retail Frictionless Future
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
EU administered 18 vaccine doses per 100 people as of April 5. UK has given 55 jabs per 100 people, while the U.S. currently stands at 50 doses per 100 inhabitants. Retail leaders prioritizing higher on touchless technologies. 843% for electronic shelf labels, 96% on self-checkout, 83% on mobile devices for managers, 65% on consumer mobile checkout, and 57% on contactless payments.
Loss Prevention Research Council Weekly Series - Episode 52 - The Happiest Countries and the 2021 Retail Technology Study
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Consumer confidence jumps to highest level in a year. Percentage of consumers expecting business conditions will improve over the next six months rose from 30.7% to 40.8%. The top 10 countries that were happiest in 2021 are...Current state of retail can be described as “changing,” “transforming,” “in flux” and “unpredictable.” Retailers report that 31.6% of overall sales now come from digital channels (compared to 23% last year).
Loss Prevention Research Council Weekly Series - Episode 51 - Store Closures and Europe Grocery Trends
With Dr. Read Hayes, Tony D'Onofrio, Tom Meehan
159 million square feet of retail space was closed in 2020. Returns account for more than $400 billion in lost sales for U.S. retailers, and online returns more than doubled from 2019. 74% say COVID-19 has impacted their shopping journey. 42% expect these changes to be permanent. Ten key trends that will shape Europe's grocery industry in the coming years.
Loss Prevention Research Council Weekly Series - Episode 50 - Store Openings Outpace Closures and Three Curbside Secrets
With Dr. Read Hayes, Tony D'Onofrio, Tom Meehan
Happy 50th Episode. YTD USA major retailers have announced 3199 store openings and 2598 closings. Retail lessons from Australia.Three secrets why curbside will not die post Covid-19. 77% gave curbside retail an 8+ out of 10
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It is a Small World
There will be an Answer - Let it Be
Continuing our journey to learning something new, our next stop is the Rock N Roll Hall of Fame in Cleveland Ohio. This city was named after Moses Cleaveland, a surveyor from Connecticut who founded Cleveland in 1796 while surveying the Western Reserve.
Cleveland would go on to have the first electrified public square in 1879 (thanks to Charles Brush and his arc lamp), and become home to General Electric in 1892. It is also the city with the first indoor mall opening in the country in 1890.
Standing over Public Square is the Terminal Tower which when it opened in 1928, was the second tallest building in the United States. And if you needed some super inspiration, remember that Cleveland is where Superman was created by Jerry Siegel and Joe Shuster in the early 1930s.
Today, Cleveland is the home of the Rock & Roll Hall of Fame. The city’s own radio disc jockey Alan Freed both coined the term "rock and roll" and heavily promoted the new genre—and that Cleveland was the location of Freed's Moondog Coronation Ball, often credited as the first major rock and roll concert.
This photo is from the Rock & Roll of Fame featuring one of my favorite songs from the Beatles. “And when the night is cloudy there is still a light that shines on me. Shine until tomorrow, let it be.”
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Brilliant Research
Retailers' Blind Spot for Holiday 2024
When asked about their top holiday concerns for 2024, retailers revealed a continued reliance on historical data for critical decisions, rather than leveraging current consumer feedback. Key uncertainties revolve around promotional strategies, understanding item volume drivers, and the potential impact of inflation. The outcome of the holiday season remains unpredictable, even from these insider’s perspectives. - From First Insights Read more
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The Future of Retail in Asia-Pacific: From Turbulence to Resurgence
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Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
