With much of Europe in the midst of recession and economic stagnation, Swedish tech company Extenda Retail is disrupting the fast-moving consumer goods retail sector with an innovative self-service and loss prevention (SSLP) solution.
Stockholm, May 26, 2023 /PRNewswire/ — Retailers are increasingly offering in-store consumers self-service options, from self-checkout to self-scan to mobile Scan & Go. And with the boom in self-service, an increase in shrink is inevitable, and Forbes magazine now $100 billion global problem.
SSLP can be implemented with any point of sale (POS) application. It includes the latest machine learning (ML) technology to identify suspicious behavior, prevent loss, and mitigate attrition while improving customer loyalty.
Self-service and anti-lost packages provide shoppers with a personalized and superior customer experience. By leveraging the latest self-service technologies, store employees use their time more efficiently, store managers realize significant operational cost savings, and decision makers protect the bottom line. The impact on inventory accuracy also improves replenishment and fill rates.
The loss detection engine gives retailers a competitive edge by integrating the latest AI technology that learns from every shopper’s behavior. In addition, SSLP solutions increase the accuracy of basket audits and rescans and can be integrated with other critical systems such as camera AI technology.
Chief Product Officer, Extenda Retail, Thomas Stevenis commenting. “Our self-service loss prevention service incorporates AI and machine learning technology to improve the customer experience and protect profits. We believe that is essential, but we can still delight our customers at the same time.”
About Extender Retail
Extenda Retail inspires retailers to go further through frictionless, innovative software that helps them grow their businesses and optimize staff and customer experiences. The company’s extensive portfolio of solutions includes Hii Retail (cloud retail software), POS and checkout, WMS, customer intelligence and loyalty, and pharmacy software. He has over 40 years of experience as an industry leader in retail software development, and today hundreds of retail chains in over 37 countries rely on his Extenda Retail solutions.
press contact
carolyn jacksExtenda Retail, Marketing Director
carolin.jaques@extendaretail.com
+46 70 761 51 99
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Source Extenda Retail AB
