Walmart is testing a new way to make it easier to access locked-up items. Here's why that's smart. [Business Insider]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Business Insider
1 in 5 shoppers surveyed said they would buy from another retailer when faced with locked-up merch. For all of the conveniences of modern retail, one frustration seems to get more ubiquitous: the task of finding a store employee to unlock merchandise in an anti-theft display. Now Walmart is working on a solution: new tech that lets employees use an app on their work device to unlock anti-shoplifting displays for customers. Experts tell Business Insider the move could have several benefits for the retail giant. "Most decisions that Walmart makes — most big decisions — check more than one box," said retail strategist Carol Spieckerman. While the system is currently in several hundred of the company's 4,600 US stores, Bloomberg, which first reported the move, indicated shoppers may eventually have access to the feature as well. Walmart confirmed the report to BI. While shoplifting costs retailers money, anti-shoplifting measures can also cost retailers lost sales. More than
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