Retail TouchPoints

JUNE 21, 2023

For as long as shrink has been an issue in retail, it’s primarily been tied to human mistakes or crime. Theft, store associates mislabeling items and products getting damaged in a warehouse or store are three human examples that unfortunately impede profits. All these technology examples play a part in reducing shrink.

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Technology Supplies Operations Mobile 240

Retail TouchPoints

FEBRUARY 26, 2024

In the more than 70 years since Joseph Sherwood bought a bankrupt jewelry store in Bell Gardens, Calif., much has changed in the world, and in retail. Sherwood took Retail TouchPoints behind the scenes of the chain’s technology and service evolution as it continues to grow across the West.

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Customer Jewelry Payment Services Technology 291

Retail TouchPoints

JULY 12, 2023

The past few years have been a rollercoaster ride for the retail industry. Then, last year, in-store sales grew faster than online sales, while ecommerce stocks took a big hit. A survey from this year’s World Retail Congress suggests that the uncertain times aren’t over for the industry.

Payment Services 230

Payment Services Retail Point of Sale Supplies 230

Retail TouchPoints

SEPTEMBER 8, 2022

Retail crime is on the rise, and it’s affecting companies of all sizes. The National Retail Federation (NRF) estimates that organized retail crime cost stores an average of $1 billion in sales in 2020, up more than 50% over the last five years. Retail Crime is a National Issue.

Small Business Retail 286

Small Business Retail Retail Technology Other 286

Retail TouchPoints

FEBRUARY 16, 2023

Retail and hospitality industries were hit particularly hard. CoStar Group, a commercial real estate firm, estimates there were a record-breaking 12,200 brick-and-mortar store closures in 2020 as a result of the pandemic. The retail industry had to reimagine ways to reach customers that sparked a digital transformation.

Payment Services 244

Payment Services Banking Customer Experience Technology 244

Retail TouchPoints

MAY 22, 2023

To combat retail theft, NYC Mayor Eric Adams, alongside other city and state leaders, announced a comprehensive plan on May 17, 2023 that will bring together increased law enforcement efforts and enhanced social service programming and resources to prevent shoplifting across the city.

Small Business Retail 279

Small Business Retail Retail Events Operations 279

RetailMinded

JUNE 3, 2023

As an independent retailer, ensuring the safety and security of your store, employees, and customers is a top priority. Fortunately, you can implement several effective strategies to enhance your retail store security. billion in 2021. By doing so, you can monitor these areas and prevent unauthorized access.

Retail 98

Retail Article Other Customer Data 98

Retail TouchPoints

DECEMBER 26, 2023

Baby boomers, aged between 60 and 77, represent a significant and influential demographic in the retail world. The Price of Mismatched Expectations For retailers, the cost of not meeting these expectations can be steep. They are discerning shoppers who prioritize informative and engaging product imagery when making online purchases.

eCommerce 248

eCommerce Customer Loyalty Mobile Consumer 248

Retail TouchPoints

JULY 17, 2023

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. According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4%

Food and Beverages 240

Food and Beverages Payment Services Retail Payments 240

Retail TouchPoints

MAY 31, 2021

The COVID-19 pandemic has definitely made its mark on the retail industry, with more than 8,000 brick-and-mortar stores shutting down in 2020. One of the greatest challenges for retailers will be operating under new health and safety measures as consumers resume in-store shopping. So what does the future hold?

Retail 150

Retail Point of Sale Operations Definition 150

Retail TouchPoints

SEPTEMBER 29, 2020

So what can retailers do to be sure that they are optimizing their self-checkout strategy to meet their shoppers’ changing expectations? How can retailers learn how their shoppers and store associates are using self-checkout solutions? Listen, Measure, Test and Adjust. Use data intelligently. Leverage Professional Services.

Payment Services 279

Payment Services Customer Operations Management 279

Retail TouchPoints

JUNE 22, 2023

To answer this profound question, just look inside one of the most unexpected places — the retail store. To answer this profound question, just look inside one of the most unexpected places — the retail store. It helps make sense of the layout of just about every store you see. Humans aren’t algorithms.

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Magazine Clothing Games Consumer 274

RetailMinded

MARCH 30, 2023

Wouldn’t it be great to believe retail security was not an issue? With a reported 550,000 retail theft incidences happening daily across the country, it’s critical to identify a security plan that suits your unique store, theft concerns, and more. Less is not always more when it comes to cameras.

Small Business Retail 95

Small Business Retail Retail Outdoor Electronics 95

Retail TouchPoints

MARCH 22, 2021

Autonomous convenience store retailer Wundermart is expanding its operations, with plans to open more than 10,000 checkout-free stores in a partnership with contactless checkout company AiFi. Smaller stores have less space to work with, which means smaller products selections where every SKU counts.

Payment Services 314

Payment Services Operations Technology Information 314

Retail TouchPoints

JUNE 29, 2021

When Amazon Go launched in 2018, critics claimed that it would take more than a decade for autonomous retail to catch on. Fast-forward a couple of years and one global pandemic later, it’s clear that autonomous retail isn’t going anywhere. The Pandemic’s Initial Impact on Retail.

Payment Services 229

Payment Services Retail Customer Retention Payments 229

Retail TouchPoints

JUNE 23, 2023

The growth of edge computing in retail is undeniable, as more devices are connected in stores and more applications depend on the data they create. Never has the role of a retail store infrastructure in delivering the customer experiences of tomorrow been so important. I’ll help you decide.

Payment Services 272

Payment Services POS Operations Technology 272

Retail TouchPoints

NOVEMBER 3, 2022

The holidays are around the corner and retail stores are gearing up for a shift back towards in-store shopping during this peak season. That’s good news for the retail sector. The consumer goods retail sector is a veritable minefield of slips, trips and falls. Slips, Trips and Falls.

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Workshop Technology Travel Management 274

RetailMinded

OCTOBER 18, 2023

In the vibrant corridors of retail environments, where consumer activity perpetually buzzes, the strategic allocation of retail space emerges not merely as a tactic but as an essential strategy, intertwining security and spending patterns.

Improvements 59

Improvements Retail Payments Payment Services 59

Retail TouchPoints

DECEMBER 28, 2022

A growing retail and ecommerce business can turn an efficient process into a multi-step nightmare with inaccurate purchasing, order fulfillment and returns processes. The ever-changing retail market has made automation a necessity. Automation Increases Warehouse Productivity and Accuracy. A One-Size-Fits-All Strategy Won’t Work.

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Management Order Fulfillment Fulfillment Shipping Costs 276

Retail TouchPoints

JULY 11, 2023

Similar to the games NFL players compete in each week of the season, retail is hypercompetitive and ever-changing. Football fans expect an exciting competition and amazing experiences if they visit the stadium, just as retail customers expect personalized experiences and quality products.

Payments 195

Payments Payment Services Retail Social Media 195

365 Retail

JUNE 28, 2022

While loss through crime has always been a sad but inevitable reality of retail, there is a proven correlation between economic hardship and retail crime. In terms of the volume of incidents, internal theft accounts for over 22% of UK retail shrinkage according to the Centre for Retail Research.

Management 52

Management Technology Operations Information 52

Ecommerce Platforms

MAY 21, 2020

Taking your brick and mortar store online, comes with short term and long-term benefits. You’ll help your customers comply with physical distancing while meeting their needs. In the long term, moving your store online keeps you in business. Thousands of brick and mortar stores have closed down because shoppers are moving online.

Payment Services 211

Payment Services Merchant Services Shipping Costs Payments 211

365 Retail

JULY 13, 2022

is one in which all aspects of the retail experience – both on the front end and the back end – are in communication for the most efficient and optimal outcome. In the retail sector, IoT is already starting to have a huge impact. Here are 5 trends that will dominate the retail industry in 2022, as a result of IoT. Industry 4.0

Retail 95

Retail Technology Electronics B2B 95

Korona

AUGUST 27, 2022

Opening a retail store entails many aspects. However, there are a host of other essential retail store supplies that you will need. Among many other things, you’ll likely need a retail cash wrap , point of sale system with necessary accessories, cleaning materials, technical devices, signage, and display hardware.

Payment Services 52

Payment Services Small Business Retail Merchant Services POS 52

Korona

OCTOBER 27, 2022

Requirements For Dispensary Security. Staffing Your Cannabis Retail Location. Stocking Your Store With Marijuana Merchandise. In fact, 61% of cities and counties in California don’t allow any type of marijuana retail business. To be frank, it’s not the easiest endeavor. California Dispensary Licensing.

Payment Services 52

Payment Services POS Point of Sale Payments 52

BigCommerce

AUGUST 17, 2018

Are you ready to bring your brick-and-mortar store into the world of online shopping? Optimizing your store. Marketing your store. “The primary objective of launching the online store was to give these customers a chance to buy our clothing while they were away from school for the summer.”. Choose your domain name.

Payment Services 357

Payment Services Shipping Costs eCommerce Payments 357

lateshipment

APRIL 5, 2022

What Retailers Can Do to Prevent Package Theft by Porch Pirates. There are a lot of ways in which retailers and shoppers can work together to prevent a theft attempt by porch pirates. Packaging discreetly can help avoid this situation. Imagine if a product you’ve longed to collect for years gets stolen from you.

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Shipping Costs Shipping Technology Customer 130

365 Retail

JUNE 2, 2021

Front line staff are increasingly being issued with body worn video cameras ( bodycams ) to capture a secure point-of-view record of what happened during an incident. The video and audio recording can then be used as evidence if the material is correctly handled and stored. Policy and correct usage.

Operations 52

Operations Accessories Mobile Technology 52

RetailMinded

APRIL 18, 2024

Data from Forbes Advisor shows that global retail e-commerce sales will hit $6.3 trillion in 2024, making up around a fifth of all retail transactions. Online shopping continues to grow as a significant part of modern commerce. The rise of online shopping has been advantageous but has also brought a host of challenges.

eCommerce 59

eCommerce Merchant Services Social Media Payment Services 59

Korona

NOVEMBER 1, 2022

Read on for a step-by-step guide for prospective cannabis retail entrepreneurs. New York State Security Requirements For Cannabis Retail. Acquiring Financing To Open A Cannabis Retail Shop. Stocking Your Store With Marijuana Products. New York issued 150 retail licenses in the first round. Table of Contents.

POS 52

POS Operations Document Banking 52

Korona

JULY 14, 2022

Still there’s a lot to think about and plan for when opening a marijuana retail business in New Mexico. It requires dealing with legal hurdles, intricate business planning, tight real estate conditions, elaborate security protocols, and significant capitalization. Looking For A Cannabis Retail Location.

POS 59

POS Point of Sale Supplies Banking 59

RetailMinded

AUGUST 23, 2021

Whether you’re an independent retailer or a large enterprise, there are several options you can choose from to safely keep your data. Business data are critical to all business types, whether it’s retail, wholesale, business-to-business, business-to-consumer, or any other kind of enterprise. Internal Computer Storage Media .

Reference 52

Reference Information Document Operations 52

ROI Revolution

OCTOBER 9, 2019

Total retail sales will also pick up from last year, with sales climbing between 4.5% If that rate holds true, that would mean total retail sales will likely exceed $1.1 Lastly, Amazon announced the Ring, a camera system for home security. billion spent online in 2018. and 5.0%, up from 3.1% trillion last year.

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Beauty and Health Books Department Stores Mobile 60

SellBrite

SEPTEMBER 24, 2019

Fortunately, Amazon helps you navigate the multiple options available. The following characteristics help you see through millions of products and zero in on specific products to sell. As one of the most popular online marketplaces available, Amazon offers sellers the opportunity to reach a wide and diverse audience.

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Toys Games Electronics Books 103

Korona

AUGUST 26, 2022

Cannabis retail can be a highly lucrative business, but it comes with plenty of details to keep in mind. This includes capitalization, real estate, licensing, security, merchandising, and much more. Real Estate For Cannabis Stores In Michigan. Michigan Dispensary Security Requirements. Michigan Dispensary Licensing.

POS 59

POS Point of Sale Operations Social Media 59

Retail TouchPoints

NOVEMBER 20, 2023

Retail theft is on the rise, and many businesses are grappling with the financial fallout. In recent months, The Home Depot, Foot Locker, Target and other retail giants have suggested that shoplifting is cutting significantly into their respective profits. This represents the greatest source of loss for retailers of all sizes.

Small Business Retail 312

Small Business Retail Payment Services Retail Sporting Goods 312

RetailMinded

JULY 29, 2023

The retail landscape is undergoing a monu mental shift, and the numbers prove it. In this article, I will explore the rapidly changing retail industry and analyze the current trends influencing its future. I’ll then suggest some effective strategies that independent retailers can use to stay ahead of the competition.

Payment Services 52

Payment Services Consumer Retail Social Media 52