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IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. from 2023 to 2030. region or individual stores, reducing energy consumption and utility costs without negatively impacting the customer experience.

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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

As a result, the luxury market’s base expanded to approximately 400 million consumers in 2022 and is expected to reach 500 million by 2030, Bain & Company revealed — and the expansion goes far beyond the aspirational promise. Members can book watches in advance and choose payment methods such as interest-free installments.

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5 Things for Apparel Brands to Know About the Circular Economy

ESW

Based on its current trajectory, the clothing industry’s global emissions are predicted to grow by 50% by 2030 — a rate that is completely unsustainable for the future of our planet. In 2022, circular economy revenue totaled US$338.88 In general, a circular economy prolongs an item’s lifespan through repair, resale and recycling.

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4 Ways Retailers Can Add Crypto Successfully

Retail TouchPoints

billion by 2030, a number that’s likely conservative as well-known retailers expand their footprint into this space. Other retailers notice when leading industry players like Walmart or Circle K make a move, so many brands are now likely considering adding crypto payment options and Bitcoin ATMs to their stores.

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Crypto-Commerce: Banking on Blockchain for B2B Payments

GetElastic

The predictions for rapid adoption by 2020 never materialized; however, the underlying technology, Blockchain, still holds promise, especially in the B2B payments space. B2B payments have seen consistent growth for several years (40% in the US from 2014-2020). This trend is expected to continue with a CAGR of 21% from 2021-2030.

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How to use data to improve customer experience in retail

iVend

It performs the core functions in the store – managing the customer transactions that enable you to trade and taking the payments that make up your revenue. These five features combine to help you minimise cost, delight your customers and steal a march on your competition. from 2023 to 2030, taking it up to US $85.11

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The POS top five – the ‘must-haves’ for a perfect POS

iVend

It performs the core functions in the store – managing the customer transactions that enable you to trade and taking the payments that make up your revenue. These five features combine to help you minimise cost, delight your customers and steal a march on your competition. from 2023 to 2030, taking it up to US $85.11

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