Retail TouchPoints

JUNE 4, 2021

Voice recognition technology has moved beyond the realm of checking the weather and playing music. Pandemic-fueled digital commerce is rapidly increasing the use of voice recognition technology. Consumer preference for contactless retail experiences is expected to remain the norm post-pandemic. This year, there will be 4.2

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Retail TouchPoints

JANUARY 12, 2024

Sam’s Club is piloting technology designed to address one of the retailer’s biggest customer pain points: waiting in line at the store exit for an associate to check their receipts against the items in their cart. Additionally, AI operating in the background is designed to continually speed up the process.

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365 Retail

MARCH 4, 2024

Sitoo , a leading could-native Point of Sale (POS) and Unified Commerce Platform, has been recognised in the 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers. Sitoo helps global fashion and lifestyle retailers create positive shopping experiences every time and everywhere.

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Retail TouchPoints

JANUARY 8, 2024

Ever since a bold, mob-style group ransacked a California Nordstrom , we’ve seen increasing news of retail theft and loss. We’ve also witnessed an increase in retail earnings reports that cite shrink and organized retail crime (ORC) as the cause for reduced profitability compared to previous quarters. Similarly, 57.8%

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Recommendation Omnichannel Shipping Costs eCommerce 227

Korona

JANUARY 3, 2024

Jump into 2024 with the right tools to run your business successfully. This blog covers the POS data that retailers need in 2024.

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Retail TouchPoints

APRIL 16, 2024

supermarket with cashier-free checkout technology powered by computer vision. ALDIgo, using technology from Grabango , tracks which items shoppers put in their carts; customers can then pay with a credit or debit card or the Grabango app at cashierless pay stations or they can use traditional manned lanes.

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Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. Here are three examples of retailers already doing it today. You’re probably thinking: Norway?

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Retail TouchPoints

OCTOBER 10, 2023

Despite global economic concerns, consumer spending has remained robust throughout 2023, and retailers are looking forward to a blockbuster Q4 full of holiday spending. eMarketer expects retail mobile commerce sales to account for 43.4% of total retail ecommerce sales in 2023. billion, up from $415.93

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iVend

FEBRUARY 9, 2024

For retailers, Valentine’s Day offers a shopping boost in the after-holiday mid-February slump, but it’s more than that – it’s also a reminder that love comes in many forms, including the love that shoppers have for their favourite store. All retail processes iVend helps retailers become irresistible to shoppers.

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365 Retail

NOVEMBER 22, 2023

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). The camera points at the scan area of the self-checkout terminal.

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Retail TouchPoints

SEPTEMBER 8, 2021

Visit a major retail store recently? Retail technology is continually evolving in order to boost efficiency and save money for merchants. Self-checkouts have been prevalent in retail stores across America since the early 2000s. By 2024, the market is expected to hit $4billion , with 468,000 units installed globally.

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Retail TouchPoints

FEBRUARY 29, 2024

The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. As if this workhorse of retail didn’t have enough to manage, today’s increasingly complex landscape has added other “responsibilities” to the POS.

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365 Retail

JANUARY 12, 2024

Be it shoppers paying by Scan & Go, self-checkout, in checkout-free stores or via Click & Collect: offline retail is becoming increasingly digital. Payment systems were of rather subordinate importance as a trade fair topic because payment in retail was mostly still analogue. And mobile payment by smartphone is also picking up.

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Payment Services Mobile Payments POS Banking 64

Retail TouchPoints

JULY 21, 2020

At the store level, the funds will go toward: Renovations to nearly one-third of its locations; Expansion of curbside pickup ; Piloting “micro fulfillment centers” within supercenters to speed up fulfillment of pickup and delivery orders ; and Deploying digitization, robotics and Internet of Things (IoT) technologies to make stores smarter.

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Retail TouchPoints

APRIL 27, 2021

Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% over the five years through 2024-25, to $1.1 Another danger for consumers using point-of-sale loans is a temptation to overspend. billion, according to IBISWorld.

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365 Retail

OCTOBER 4, 2023

Brands can leverage the data within these closed ecosystems to target and engage with their audiences effectively. ● Retail Media Networks: These advertising platforms are owned and operated by retailers. The post 4 Ways to Thrive in a New Era of Retail Advertising appeared first on Retail News and Events.

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Retail TouchPoints

APRIL 23, 2024

By enabling purchases to happen at the moment of inspiration, all ecommerce businesses can collapse the sales funnel and drive conversions while providing a much better consumer experience. And through commerce media, retailers can improve the consumer experience even further. Nick Morgan is the CEO and Founder of Vudoo.

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Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. The discrepancy may occur due to clerical errors, goods being damaged or lost, or theft from the point of purchase from a supplier to the point of sale.” days, and one doubled its sales in one year.

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Shipping Costs Food and Beverages Retail Supplies 282

Fabric

DECEMBER 6, 2023

Managing inventory (keeping track of what’s in stock) in real-time (instantly) is crucial for retailers to sell against their product assortment effectively. In the fast-paced world of omnichannel retail, the ability to harmonize inventory across various channels is not just a logistical necessity, but a strategic imperative.

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iVend

APRIL 22, 2024

For retailers, thrift stores have become part of the ‘mainstream’, managed with many of the key disciplines of ‘regular’ retail. But thrift retail also has its own unique characteristics and store performance indicators. Electronics Store POS Software iVend helps electronics retailers win in a competitive market.

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POS Electronics Consumer Electronics Mobile 52

retailnext

FEBRUARY 27, 2020

The Internet of Things (IoT) is becoming the next big revolution in the retail industry. IoT makes such a scenario possible, as retail stores can set up sensors that can identify the presence of loyalty program customers and send discounts to them on their smartphones when they are standing in close proximity to products.

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Korona

OCTOBER 12, 2021

Whether you’re a retailer or a small business owner, chances are you’ve already used TikTok – either for entertainment, to see what’s new and trending in your industry, or to promote your products on the platform. But, as a retailer or SMB owner, how much do you leverage TikTok to promote your business ?

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ROI Revolution

AUGUST 5, 2021

Last month marked the ninth month in a row of total retail sales growth as the world recovers from a pandemic that led to total retail sales declining 10.5% Total retail sales were up 11% year-over-year this June, a 10.4% of all retail sales ( eMarketer ). of all US retail ecommerce sales.

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ROI Revolution

DECEMBER 2, 2021

In fact, online sales have reached $109 billion so far – a significant increase from the $90 billion we were at this time last year. Retail sales as a whole still saw significant yearly growth on Black Friday according to data from Mastercard SpendingPulse. US retail ecommerce revenue was just $285.9 growth this year.

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ROI Revolution

JULY 1, 2021

After surging nearly 34% in 2020 due to the pandemic, ecommerce retail sales are expected to grow a more modest 13.7% this year while non-ecommerce sales will see 2.2% Total retail sales will reach a record $5.86 Retail sales will remain steady at around 3.5% billion in sales. June 17 update.

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ROI Revolution

JUNE 1, 2021

of smartphone users will use their mobile phone to pay for point-of-sale transactions this year, and that number will surpass 50% for the first time in 2025. The pandemic accelerated consumer adoption of virtual technology, with monthly augmented reality (AR) users surging to 83.7 Mobile retail commerce sales grew 31.5%

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ROI Revolution

JANUARY 5, 2022

Retail ecommerce has nearly doubled since the coronavirus pandemic started. This year, US ecommerce sales will surpass $1 trillion for the first time ever. Retail as a whole saw tremendous growth last year. Where 2020 was ecommerce’s year to shine, nonecommerce sales took the crown last year. of all retail sales.

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ROI Revolution

NOVEMBER 4, 2021

As a result, retailers had less of a need for their shipping containers, and the containers were put away and saved for later. But this year, consumer demand for products surged earlier than expected – and retailers and container companies weren’t prepared. US retail ecommerce revenue was just $285.9 growth this year.

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eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 7, 2021

By 2023, it’s expected that B2B brands and retailers will spend upwards of $14.5 Every industry has undoubtedly been impacted by the COVID-19 pandemic – but the apparel and retail industry has felt some of the biggest shockwaves. The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019.

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eCommerce Social Media Payments Payment Services 78

ROI Revolution

SEPTEMBER 2, 2021

The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. In 2021, however, furniture & bedding sales are forecasted to hit nearly $120 billion, a more significant 5% YoY growth. Computers and consumer electronics represent 22% of all retail ecommerce sales. YoY growth.

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