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SPAR rolls out AI loss-prevention tech via Veesion partnership
Yahoo Finance· 2026-02-16 10:06
Core Insights - SPAR International has partnered with Veesion to implement AI-based loss-prevention technology across its global network of licensed operators, aiming to reduce theft-related losses in stores [1][2] - The collaboration is intended to enhance in-store security and provide scalable operational tools for SPAR's licensed country organizations [2][3] Group 1: Partnership and Technology - The partnership allows SPAR retailers to utilize Veesion's video detection system, which integrates with existing security infrastructure and provides real-time alerts for suspicious behavior [1][3] - Veesion's AI-driven systems are designed to identify and deter shoplifting while supporting overall store security operations [3] Group 2: Expansion Activities - SPAR Austria has acquired 23 Unimarkt outlets, expanding its presence in Styria and Salzburg [4] - SPAR's Italian business, DESPAR Italia, has also increased its grocery presence by adding ten new outlets and reopening two refurbished stores across various formats [4]