Fallas Stores Opens Up About its Adoption of Envysion Retail Solution Suite to Address Inventory Shrink and Root Out Fraud
Value department store chain uses the Envysion Retail Solution Suite to enable side-by-side comparisons of exception reporting and video evidence for greater visibility and responsiveness.
SUPERIOR, Colo., June 11, 2019 /PRNewswire-PRWeb/ -- Established family-owned retailer Fallas Stores is ready to tell its side of the story. Today, the company announced the release of a customer success story in conjunction with loss prevention industry leader Envysion.
Boasting more than 100 stores nationwide, the Los Angeles-based firm formerly known as National Stores, Inc. details how Envysion Retail Solution Suite helps generate custom exception reports from point-of-sale (POS) data and combines them with multi-camera video from high-definition cameras to stamp out losses from theft, fraud, and other malfeasance.
"Retail is a margin-based business and the closer you can manage them, the better chance you have of having long-term success," says Fallas Executive Vice President Of Operations Chris Nichols. "Envysion combines our POS data and video intelligence into a single platform, allowing us to create specific transaction reports and compare them side-by-side with what's happening on the video to identify potential losses from discount and refund fraud, theft, and inventory mismanagement in every department of each store."
Envysion's cloud-based Retail Solution Suite provides the Fallas team with actionable intelligence and granular insights to help district managers and loss prevention specialists to respond faster and more appropriately to loss events. The software's exception-reporting tools deliver instant transaction updates per location and individual employee along with live and recorded video from multiple camera views and locations. With features like motion search and advanced filtering, the Fallas team can proactively monitor employee performance, customer behaviors, and operational efficiency.
"The retail industry continues to grow and evolve, which creates a whole new set of challenges to overcome concerning loss prevention and risk management," says Kevin Milner, Envysion's Senior Director of Audits. "The secret to effective loss prevention is having easy access to information and the tools to act on it. Envysion Retail Solution Suite takes loss prevention best practices to a whole new level, delivering all the features, and capability a team needs to manage its operations more effectively — all contained in a cost-effective, cloud-based, and easy-to-use system."
Read more about the Fallas Stores and Envysion partnership here https://envysion.com/resources/cost-goods-stolen/.
About Fallas Stores, Inc.
Fallas Stores, formerly National Stores Inc., is a family-owned, family-oriented company that was established in 1962 and grew from a single store in downtown Los Angeles to more than 100 convenient locations in 22 states including Puerto Rico. The company's off-price stores include: Fallas Paredes, Fallas Discount Stores and Factory 2-U. The stores offer a big selection of quality brand name and private label clothing for men, ladies, boys, girls, juniors, infants and toddlers along with lingerie, shoes and home decor. https://www.fallasstores.net/
About Envysion
Envysion® is a leading provider of managed video and loss prevention solutions that enable restaurant and retail operators with instant and actionable insights for increasing profitability through broad utilization of powerful video-driven business intelligence. Envysion® has transformed video surveillance into a strategic management tool that provides instant and unfiltered business insights to users across operations, loss prevention, marketing and human resources. Envysion's award winning platform quickly scales to 1,000s of locations and 10,000s of users without straining the IT department or network. http://www.envysion.com.
SOURCE Envysion
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