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

Retail TouchPoints

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% This article explores popular and non-trivial use cases and examples of how IoT tech can help retail companies. from 2023 to 2030. Supply chain and cold chain optimization.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

The survey also found that less than 13% of retail organizations are investing in technology to tackle these challenges, instead remaining focused on short-term fixes like increasing prices and running marketing campaigns. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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How retailers can combat shrink and create an enjoyable shopping experience

Inside Retail

Methods of theft are savvier with vast amounts of online information on how to defeat security tags. Ready access to tools such as illicit pocket-sized tag detachers are plaguing the industry, and old- style tags can be opened in seconds without a sound or disturbance to alert staff.

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Robots, RFID tags and an incubator area: Inside Decathlon’s new Data Lab

Inside Retail

Stephan Veyret : Starting out as an e-commerce sports retailer in Singapore, Decathlon Singapore became one of the pioneers in the omnichannel approach with the establishment of our first experience store at Bedok in 2016. IR: Will the Labs roll out elsewhere across Decathlon’s markets?

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Cashierless Checkout Helps Alleviate Long Lines

Independent Retailer

QR codes, smart shopping carts, RFID tags, and machine vision are the solutions that process transactions, invoices, and billing. Since the cameras will be detecting what the customers are putting into their baskets and what they actually end up buying, all of that data can be stored and used for further marketing initiatives.

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Maximizing the benefits of in-store shopper tracking

Shopper Motion

By collecting data on how shoppers move through the store, what products they interact with, and how long they spend in different areas, retailers can gain a deeper understanding of what drives sales and make informed decisions about store layout, product placement , and marketing efforts. RFID tracking. Enhanced inventory management.

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Key Strategies for Retailers to Push Sustainability Efforts

Independent Retailer

This is likely a legacy of the 1970s and 80s, when low-quality and expensive environmental products failed on the market and early socially responsible investments produced low returns. Green hang tags from the H&M Conscious line draw attention to products that use at least 50 percent sustainable materials.

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