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Lowe’s Employs RFID, Blockchain to Combat Retail Theft

Retail TouchPoints

Organized retail crime has been on the rise since 2020 and costs retailers an average of $700,000 per $1 billion in sales, according to the National Retail Federation. We see a future where technologies like Project Unlock can help the entire retail ecosystem create a great environment for our customers.”.

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Unlocking Commerce: The Win-Win of Dynamic Currency Conversion

Retail TouchPoints

DCC is an optional service offered at the point of sale, allowing customers to view the cost of their purchases in their home currency. Consumers, on the other hand, should compare rates at the point of sale with those provided by their card issuer to ensure they are getting a good deal. Benefits for Retailers 1.

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Customer experience: Nostalgia, the weapon of the future post-crisis?

365 Retail

Cleverly, the display of images highlighted the special bond between the brand and its customers throughout time. At the start of 2020, nine in ten Brits said they were nostalgic for the past, according to a YouGov survey. Everything changed in 2020, according to IBM’s 2020 U.S. Then, it’s El Dorado all the way!

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How to Keep Your Digital Signage up to Date

Retail TouchPoints

By programming your displays to showcase user-generated content, like brand mentions or customer reviews, you tap into a stream of authenticity and relevance. This reflects real-life customer experiences with your products and encourages others to engage with your brand on social media platforms.

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Sainsbury’s Deploys Amazon Just Walk Out Technology in London C-Store

Retail TouchPoints

In another first, customers access the checkout solution via the Sainsbury SmartShop app rather than the Amazon app, meaning they can use an interface they already are familiar with. Sainsbury’s, one of the UK’s largest supermarket chains, had piloted a cashierless customer experience at this store using its own technology in 2019.

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Bed Bath & Beyond to Roll Out Self-Checkout Solution

Retail TouchPoints

We look forward to the continued rollout of self-checkout as part of our transformation strategy that includes technology investments to improve the customer experience.” These tech upgrades are part of the retailer’s three -year, $250 million growth plan announced in October 2020.

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Amazon’s Just Walk Out has Left the Building

Retail TouchPoints

The retailer will instead rely more heavily on its smart Amazon Dash Carts , which have been deployed at Fresh stores since 2020 as well as at Amazon subsidiary Whole Foods. The company already had moved the JWO unit out of its retail group and into its AWS cloud computing division.

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