Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series Episode 138 - USA Economic Signals and Growth of RFID
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Quantum computing breakthrough, ChatGPT in Bing gets a little crazy on Valentine’s Day. More Chinese spy balloons. Walmart & Home Depot results forecast USA economy. In 2022, the problem of inventory distortion worldwide totaled an astounding $1.993 trillion. Retailers already using RFID in 2022, 83% had higher sales growth and 80% had higher profits.
Loss Prevention Research Council Weekly Series Episode 137 - Valentine fun facts and New ATF Gun Crime Report
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
More unidentified objects shot down over US and Canada. US government was tracking ballon from take off, and train derailments. Thank Henry VIII for Valentine holiday. 67% of Americans said they plan to spend either the same or more in 2023 as they did last year on retail purchases. More than 1 million guns were stolen from private owners from 2017 to 2021. Number of suspected ghost guns recovered by law enforcement agencies & sent to ATF for tracing increased by 1,083% from 2017 to 2021.
Loss Prevention Research Council Weekly Series Episode 136 - Amazon halts Fresh Stores and US Secret Service Mass Attacks Research
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Amazon currently has 44 Amazon Fresh locations and 28 Amazon Go stores in the U.S. The company also took a $720 million impairment charge in the fourth quarter related to property, equipment, and operating leases at its physical stores. The common places for mass attacks were businesses, including restaurants and retail. 96% of the attackers in the study were male. 72% of the attackers experienced a financial stressor some time before the attack.
Loss Prevention Research Council Weekly Series Episode 135 - Perspectives from the National Retail Federation
With Dr. Read Hayes, Tony D'Onofrio, Tom Meehan, and Guest David Johnston, NRF VP of Asset Protection and Retail Operations
David answers questions about NRF priorities, 2023 LP predictions, Big Show takeaways, NRF LP Council, value of industry groups, retail violence trends, and the increased importance of retail loss prevention.
Loss Prevention Research Council Weekly Series Episode 134 - NRF 2023 Review: Two Big Hits and Two Misses
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The top 5 technologies for 2023. In “2023, AI shifts from singles and doubles to home runs. The buzzwords that abounded at NRF 2023 include of course AI, plus lots of variations of everything being smarter, more intelligent, connected, and moving to real time. Eight in 10 retailers surveyed report that the violence and aggression associated with ORC incidents.
Loss Prevention Research Council Weekly Series Episode 133 - Retail, Economic, and Technology Predictions for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Energy will remain expensive. Value will trump hypergrowth. The crypto winter will continue. More retail brands will launch recycling programs. More manufacturing will shift away from China. Frictionless trends in retail will accelerate. Investments in the metaverse would be best described as a hard maybe. Retailers have been sounding the alarm on theft for years; 2023 could generate a collective response on the federal and state level.
Loss Prevention Research Council Weekly Series Episode 132 - Top 5 Strategies and Top 3 Technologies for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
The 2023 Top 5 Strategies and Top 3 Retail Technologies for Retail Success
Loss Prevention Research Council Weekly Series Episode 131 - Retail Crimes, Rising Returns, and Cost of the 12 days of Christmas
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
As Walmart CEO warns of crime’s wave impact on retail, reports show how thieves brazenly rip off stores. San Francisco police secretly stake out retail stores, pharmacies to curb rampant shoplifting. 2022 Retail Returns Rate Remains Flat at $816 Billion. What the 12 Day of Christmas will cost you with 2022’s inflation.
Loss Prevention Research Council Weekly Series Episode 130 - CVS Adam Oberdick Interview and Holiday Cyberattacks
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Adam Oberdick, the Lead Director of Future Operations at CVS Health answers questions about innovation projects at CVS, getting major projects approved, successful traits for LP career, key priority technologies, and why LPRC and other industry group are critical to his success.
Loss Prevention Research Council Weekly Series Episode 129 - Reimagining the Future of Retail and What Retail Employees Want
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Reimagining the Future of Retail. UK consumer spending fails to keep up with Inflation. Voices from the Front Line or what Retail Employees Want.
Loss Prevention Research Council Weekly Series Episode 128 - Black Friday Record Turnout and Chatbots for Retail Loneliness
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Shopper turnout hit record high over Black Friday weekend, retail group says. Haute-Comfort: Consumers Choose Comfort Over Style Says New Research. What does the future of shopping with artificial intelligence look like? Supermarkets roll out chat friendly tills to battle COVID loneliness.
Loss Prevention Research Council Weekly Series - Episode 127 - Zebra Consumer Study and Thanksgiving Fun Facts
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Shoppers continue choosing online or in-store for the same reasons – availability, selection, and price. They prefer retailers with easy returns (80%), allow them to get in and out of stores quickly (76%), and offer order delivery to home (75%). They are also taking advantage of alternative pickup and delivery options with 34% of shoppers opting to buy online, pick up in store or buy in store and ship to home and with 90% saying they will continue to use these services. Fun Thanksgiving Facts
Loss Prevention Research Council Weekly Series - Episode 126 - Economic, Major Risks, Consumer and Retailer Challenges for 2023
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
IMF now forecasts global GDP growth to slow dramatically from the 6% in 2021 to 3.2% in 2022 and an even lower 2.7% in 2023. Global inflation is forecast to rise from 4.7% in 2021 to 8.8% in 2022, 6.5% in 2023 and 4.1% in 2024. The 10 highest global risk scenarios published by the Economist Intelligence Unit. 40% of consumers believing inflation will impact their holiday shopping decisions. 43% of retailers think consumers are buying less overall, yet only 29% of consumers admit that this is the case.
Loss Prevention Research Council Weekly Series - Episode 125 - More Holiday Forecasts and Five Terrifying Retail Trends
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
In terms of spend for this holiday season, 37% report their financial outlook as worse when compared to last year. 74% say they will spend more or the same on the holidays than last year. 32% plan to buy resale items as a way to offset rising prices. 34% plan to use social media as part of their holiday journey (vs. 28% in 2021). Online Holiday Sales to Grow 6.1% in 2022. Five Terrifying Retail Trends.
Loss Prevention Research Council Weekly Series - Episode 124 - Declining Consumer Trust and World Reaches 8 Billion People
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Primary reasons consumers shop in-store are: they need the items now (75%) or they want to touch and feel or try on items before purchasing (57%). Across all segments, more than 25% of customers report decreased trust in retailers based on inventory levels. Customers report they will give up on your store after 2.5-3 out-of-stock experiences. In just 48 years, the world population has doubled in size, jumping from four to eight billion. The exact date that we will hit 8 billion is November 15.
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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.”
Categories
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
Smart Infographic
The Future of Retail in Asia-Pacific: From Turbulence to Resurgence
Insightful Videos
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
