Loss Prevention Research Council Weekly Series - Episode 14 - Online and COVID-19 Trends

With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan

July 09, 2020

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In order to accurately represent the wide-reaching content of this podcast, we have changed the COVID-19 Series name to The Weekly Review. Read Hayes, Tom Meehan, and Tony D’Onofrio discuss LPRC initiatives, global consumer trends, new shopping channels, pandemic hoarding, the new rules of retail, healthcare cyberattacks, online banking risks, hackers utilizing data, shoplifters weaponizing COVID-19, and much more.

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Study: More shoppers planning to shop in-store only this holiday season
Chain Store Age

It is a Small World

"To succeed in life, you need three things: a wishbone, a backbone and a funnybone." – Reba McEntire

Continuing our global journey to learn something new, our next stop is the Trevi Fountain in Rome. The name "Trevi" comes from the Italian words tre, meaning "three", and vie, meaning "roads". The fountain is located where three roads meet.

A fountain has been located at the Trevi Fountain site for over 2,000 years. The current fountain was designed by Nicola Salvi and built between 1732 and 1762. It's the largest Baroque fountain in Rome.

The Trevi Fountain's water comes from the Acqua Virgo aqueduct, the only functioning aqueduct from ancient Rome. Local lore says that throwing a coin into the fountain will ensure you return to Rome. Other lore says that throwing two coins will lead to love, and throwing three coins will lead to marriage.

Wishes aside, since 2006, a Roman Catholic charity called Caritas has collected the roughly €3,000 a day thrown into the fountain and used it to provide food and social programs worldwide.

Life is one sweet ride. Time flies way too fast. Take a moment. Sit at your favorite place. Imagine the history before you. Live each moment as it was your last. One day, it will be.

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Brilliant Research

European Non-Grocery Retail: Transition and Transformation

After an unpredictable several years, non-grocery retailers in Europe are seeking to uncover pockets of growth. To succeed, they will need to navigate differences across markets and retail categories. - From McKinsey Read more

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Smart Infographic

Gen Z to Lead the Shopping Charge this Holiday Season

Gen Z shoppers are 2X more likely to buy holiday gifts this season compared to the average shopper — and 10.5X more likely than Baby Boomers. But in order to afford all those holiday purchases, this generational cohort plans to cut back on experiential expenditures such as dining, travel and entertainment. In fact, 74% of Gen Z said they plan to reduce their spending in these areas, compared to 59% of all shoppers. - From Retail Touchpoints

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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

Tony D'Onofrio

VISIONARY / TECHNOLOGY / LEADERSHIP

Loss Prevention Research Council Weekly Series - Episode 14 - Online and COVID-19 Trends

With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan