54% of retailers expect growth this year to be up to 5%. 32% expect it to be above 5%. At the margin level 38% expect it to be stable, 32% expect it to be higher, and 30% expect it to be lower. In 2011, Amazon spent 18% of net sales on logistics costs. In 2021, the logistics costs reached 32% of net sales. Then and now: First Department Store, Supermarket, Use of Barcode
Seven out of the top ten global retailers are from United States. Two are from Germany and for the first time one is from China. The top 10 global retailers represented nearly 35% of total retail sales for the global top 250 retailers. On average they operate in nearly 13 countries.The total retail revenue of the Top 250 companies reached US$5.1 trillion in FY2020, an increase of 5.2% over FY2019 on a sales-weighted, currency-adjusted composite basis.
Congratulations to the 10 Best Large and Midsized retail employers to work for in 2022. Total retail spending around the world grew 9.7% to $26.031 trillion in 2021. Total USA retail sales increased a very robust 18% in 2021. The top retail challenges, pain points for both stores and online in 2022 are....Winning retailers technology spend focus is...
57% bought something while watching a live stream on a social on a social media app. In 2021 USA social commerce sales rose by nearly 36% to $37 billion. Global retail development directly linked to the innovation, penetration, and acceptance of consumer and retail technologies. 65% of retail respondents said AI and ML are tech that are among the most mission-critical to their business strategy. 34% of retail respondents cite difficulties aligning AI/ML strategies to the business.
Prosegur Security's Tony D'Onofrio talks about the changes in protecting inventory through today's new technologies. Tom Kaczmarek talks about how small businesses can better serve their customers through more effective technical tools.
A majority of global leaders feel worried or concerned about the outlook of the world, and only 3.7% feel optimistic. Downtown Denver Business Owner to Charge 1% fee to Recover Shoplifting Losses. Total returns account for over $761 billion in lost sales for U.S. retailers. For every $1 billion sales, the average retailer incurs $166 million in merchandise returns. For every $100 in returned merchandise accepted, retailers lose $10.30 to return fraud.
Thank you for joining successful LPRC kickoff in NY. Compared to 2020, 22% used more frequently buy online pickup in store and 20% more curbside pickup. In 2022, 19% will shop in physical stores more, 51% the same, and 30% less. Disturbing store closures in San Francisco. Top 5 Innovation Takeaways from NRF Big Show 2022.
Live from New York its the CrimeScience Podcast Team at the NRF Big Show! Trends spotted. What it means for Loss Prevention and LPRC.
Join LPRC Kickoff in NY. For every $330 worth of products stolen, a retailer has to sell an incremental $300,000 worth of goods to break even. 57% of retailers surveyed indicated a rise in organized retail crime during the pandemic. ORC costs retailers an average of $700,000 per $1 billion in sales. Best economy through COVID is....Predictions Consensus: What the Experts See Coming in 2022.
Nearly 100 years ago, a group of deep thinkers dared to ponder what life would be like in 2022. In 2022 a complete meal may be taken in the shape of four pills. Anti-gravity screens would prevent airplanes from falling out of the sky. Looking forward to Some Predictions for 2022. Over half (57%) say it is likely many more people will live their lives in a virtual world. Three quarters (77%) expect a better year in 2022.
NRF Retail predictions from 5 years ago: What did we get right? Machine learning will revolutionize retail. Bet on bots and conversational commerce. SIA Security Megatrends: The 2022 Vision for the Security Industry. 50% of data now stored in the cloud according to Statista. 98% of companies that had at least one cloud data breach in the past 18 months.
Tony D'Onofrio, CEO and Managing Director, Global Retail Business Unit, Prosegur and I discuss the state of loss prevention including the recent flash robs in California and other states. The problem; What caused the escalation; What’s the solution; How can tech be part of the solution; What’s the state of the art in loss prevention; What do you think 2022 will look like?
CEOs from Target, CVS and Walgreens ask Congress for help amid retail crime surge. How Law Enforcement is trying to stop mob retail thefts. NRF Retail Security Survey 2021. 69% of retailers said they had seen an increase in ORC activity over the past year. 65% of respondents noted the increase in violence, while 37% said ORC gangs were much more aggressive than in the past.
In the UK 79% had planned to start Christmas shopping before the beginning of December. Retail sales in the 19 countries sharing the euro, were up 1.4% from a year earlier. After contracting by 3.1% in 2020, global real GDP is forecast to increase by 5.7% in 2021 and 4.6% in 2022. USA Real GDP growth forecast has been significantly downgraded since mid-2021. Eurozone real GDP is expected to increase by 4.9% in 2021 and by 4.3% growth in 2022.
Black Friday store traffic rose 61% this Black Friday compared with last year but was down 27% from 2019. Ahead of Black Friday, 63% of holiday shoppers had fallen victim to stockouts. Online sales on Black Friday decreased versus last year. Consumers were more likely to flock to stores in regions less concerned with Covid-19. Nineteen days with e-commerce $3+ Billion this year versus 5 days at same level last year.