Tony D'Onofrio
Tony as Co-Host/Guest
Loss Prevention Research Council Weekly Series - Episode 102 - Baby Formula Shortage, Second-Hand Hot Buys, Record Imports, and We Love Stores
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
40% of America’s Baby Formula Supplies are out of Stock in April, up from 29% in March. Top two categories consumers are buying second-hand are clothing and shoes. Retail imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month. More than half of all USA consumers would rather shop in-store than by any other method.
Loss Prevention Research Council Weekly Series - Episode 101 - Happiest Countries, Trends Reshaping Retail and USA Organized Retail Crime
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Canada ranks first as the happiest country in North America. In Europe, Finland is not only the happiest country, but it also takes the top spot as the happiest country in the world. The 10 competing forces reshaping retail. Organized Retail Crime cases were up 10% in 2021 over 2020. Hardware and clothing were the highest categories stolen by ORC.
Loss Prevention Research Council Weekly Series - Episode 100 - LIVE from RILA Asset Protection Conference 2022
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
CONGRATULATIONS on episode number 100. Highlights and success of RILA 2022 conference. Latest on COVID. Going to the movies with crypto money. 1st Metaverse Physical Store. Retail Fatalities.In 2021, there were 595 total fatalities in the US which is up 14% on 2020. Fatalities are up 59% from 2016. 53% were customers which were up 24%, 26% were store associates up again 24%.
Loss Prevention Research Council Weekly Series - Episode 99 - Latest Retail Tech Study and America's Shoplifting Epidemic
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
84% of retailers report that revenues have increased over the past 12 months, and 42% say they have increased by more than 10%. More than half (57%) of retailers report an increase in tech expenditure compared to 2021 levels. 700 small businesses surveyed report that 54% had an increase in shoplifting last year. 23% said it happens daily.
The Future of Direct to Consumer (DTC): Expert Predictions
With Scalefast, Euromonitor, and Spiekerman Retail
What DTC will look like in the next 2-3 years. Critical steps DTC brands must take. Solutions that integrate infrastructure, ecommerce platform, and international ecommerce operations.
Loss Prevention Research Council Weekly Series - Episode 98 - State of USA Grocery Industry and Critical Tech for Growth
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Grocery sales projected to grow 7.2% in 2022, after growing 5.7% in 2021. 88% of Food/Grocery online sales still have a store fulfillment component, Grocery retailers cannot sustain 3-8% margin loss they experienced on digital orders compared to walk-in customers. BOPIS / Click and Collect saw massive increases with a 325% increase in share of retail revenues. Check out other critical retail tech for grocers.
Loss Prevention Research Council Weekly Series - Episode 97 - Metaverse / NFTs and The Continued Rise of E-commerce
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
41% interested in connecting with others virtually in the metaverse. The top five metaverse brands are Meta/Facebook, Nike, Microsoft, Disney and Coca-Cola. More than half of respondents have heard of but not acquired NFTs. Top 10 global retailers. E-commerce will account for almost 40% of global retail sales by 2026 with store-based retail dropping to 60% from 69% of total sales.
Loss Prevention Research Council Weekly Series - Episode 96 - San Francisco Crime and Emerging Tech Surprising Start 2
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Burglaries in San Francisco are at their highest levels since the mid-1990s. City recorded nearly 100 instances of smashed windows and doors that cost $170,000 to repair. E-commerce will continue to grow double digit crossing $6 trillion worldwide by 2023. As of 2021, over 2 billion people worldwide shopped online. In 2021, just the top 5 largest smartphone markets crossed over 2 billion units in total usage.
Loss Prevention Research Council Weekly Series - Episode 95 - Latest Retail Technology Study with Innovation Priorities for 2022
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
Revenue growth for USA retail is projected to be a respectable 6.9% in 2022. The top 3 tech priorities for 2022 are Upgrade CRM / Loyalty Programs, Personalize Customer Experience, and Inventory Visibility. The top 3 emerging technologies for 2022 are SD-WAN’s, RFID, and
Microservices. The latest data on where we are with 5G deployments worldwide. What were the three largest smartphone markets in the world in 2021?
Loss Prevention Research Council Weekly Series - Episode 94 - Amazon Logistics Costs and Retail Formats / Technology Firsts
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
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
Loss Prevention Research Council Weekly Series - Episode 93 - Deloitte the Top 250 Global Retailers 2022
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
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.
Loss Prevention Research Council Weekly Series - Episode 92 - Best Retail Employers and Winning Retailers Focus in 2022
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
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...
Loss Prevention Research Council Weekly Series - Episode 91 - Global Retail Development Index and AI Retail Trends
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
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.
Small Business Digest - Tony D’Onofrio & Tom Kaczmarek
Hosted by Don Mazzella
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.
Loss Prevention Research Council Weekly Series - Episode 90 - Global Risks for 2022 and USA Retail Returns Report 2021
With Dr. Read Hayes, Tony D'Onofrio, and Tom Meehan
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.
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It is a Small World
“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
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Brilliant Research
World Happiness Report 2024
The top 10 countries have remained much the same since before COVID. Finland is still top, with Denmark now very close, and all five Nordic countries in the top 10. But in the next 10, there is more change, with the transition countries of Eastern Europe rising in happiness (especially Czechia, Lithuania and Slovenia). Partly for this reason the United States and Germany have fallen to 23 and 24 in the rankings. - A partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and the WHR’s Editorial Board. Read more
Smart Infographic
ChatGPT Statistics - Users, Revenue (March 2024)
ChatGPT has over 180.5 million monthly users as of March 2024. Nearly 15% of the ChatGPT users are from the United States. More than 92% of Fortune 500 companies are using ChatGPT. atGPT is forecasted to generate a revenue of $1 billion in 2024. 53% of the readers failed to identify ChatGPT written content as AI-written. – From Demandsage.com
Insightful Videos
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
