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How To Build A Self-Service Experience You’re Proud Of

Star Miconics

Self-service, or “unattended” environments, are the new expectation, and 2022 will officially be the watershed moment for self-checkout technology, adoption, and innovation. Consumers now expect payment solutions that both anticipate and address their needs no matter where, when, or how they choose to shop.

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5 Do-or-Die Retail Trends for 2022

Independent Retailer

The COVID-19 pandemic forced retailers to improvise and rapidly implement sweeping changes as they struggled to survive. Now, the chaos is gradually giving way to a new order, and as they look to 2022, many businesses are finally hoping for a more orderly and “normal” year. In fact, according to Forrester, over a third of U.S.

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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

But through this disruption, retailers began to see that their procurement process is in many ways the linchpin for maximizing revenue and reducing spend as the economy recovers post-pandemic. Specifically, procurement can help retailers optimize their spending on goods and services that are NOT for resale, also known as GNFR.

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4 Key Takeaways on Retail Profitability from the 2023 RSPA Retail IT Channel Study

Star Miconics

Retail profitability is on the rise and will continue to be. This means increased funds available for retailers to invest in the services VARS, ISVs, and Vendors who power the industry. Comparatively, in 2022 17.4% Hardware margins have historically been thin and remained so in 2022. Only 16.9%

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How Walmart Sets Suppliers Up for Success: Q&A With Jason Fremstad

Rangeme

These initiatives help suppliers understand and navigate Walmart’s processes while ensuring a steady pipeline of new and capable suppliers and products for customers. Then in August 2022, I was offered this role to lead supplier development. Bennett: I believe you won Merchant of the Year, correct? Fremstad: I did.

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Why DoorDash & Other Delivery Apps Struggle with Profitability

Indigo 9 Digital

Food delivery companies largely sell an undifferentiated service. In the third quarter of 2022 DoorDash paid $446 million in marketing expenses or 35% of revenues. Even bottled water is more differentiated than food delivery services. One of the primary reasons is customer acquisition costs. Do you like this content?

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What is Artificial Intelligence, and How Does it Impact Your Point-of-Sale?

Star Miconics

In the recent results of 2022’s McKinsey Global Survey on AI revealed that the number of businesses using AI technologies since 2017 has more than doubled. This intelligence involves a variety of technologies, such as machine learning, event stream processing, optimization, and business rule management.