Appriss Retail Expands Global Presence by Adding Australian Retailer Officeworks to Its Customer Portfolio [Yahoo! Finance]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
Company Research
Source: Yahoo! Finance
IRVINE, Calif. & SYDNEY, February 21, 2024 BUSINESS WIRE Appriss Retail , a leading provider of data and analytics solutions designed to reduce retail losses, decrease fraudulent and abusive returns, and provide a more seamless consumer experience, today announced that Officeworks , a chain of Australian office supplies stores operated under parent company Wesfarmers, has selected Appriss Retail's Secure solution to reduce shrink. This partnership solidifies the solution provider's position in Australia ahead of its attendance at Retail Risk Sydney on Feb. 29. Traditionally, Officeworks has relied on standard reporting practices to detect behavioral exceptions at the point of sale, making it hard to identify the root causes of shrink and margin erosion. Additionally, a June 2023 study from the NSW Bureau of Crime Statistics and Research found that reported incidents of retail theft have increased by 55.7% in Greater Sydney and Regional NSW between 2018 and 2023. Faced with outdat
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