Remove Accounting Remove Checkout Remove Consumer Remove Loss Prevention
article thumbnail

How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

Retailers cited rising costs, declining consumer spending and supply chain volatility as their top concerns. Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics.

article thumbnail

2023: The Year of Customer Retention? Retail Tech Predictions

Retail Assist

Physical retail accounts for 75% of sales in the UK and new stores are opening all the time. As ever, retailers need to offer compelling reasons for consumers to visit and then ensure the in-store experience doesn’t let them down. . Consumers expect choice, availability and convenience which requires agile supply chain solutions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Major Retail Digital Transformations to Watch For in 2021

Retalon

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. According to Digital Commerce 360 , American consumer online spending in 2020 increased 44% to $861 billion. This number will continue to grow.

article thumbnail

An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. BOPIS allows consumers to collect more information so they can make better decisions.

article thumbnail

Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. Prior to the pandemic, retailers and financial institutions had been reimagining experiences for consumers to enable quick, seamless transactions.

article thumbnail

The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

Online Retail: Personalization, Chatbots, and Predictive Analytics In the e-commerce landscape, AI has played a pivotal role in creating personalized shopping experiences for consumers. Additionally, it can help monitor employee behaviour and prevent internal theft. Retailers are also using facial recognition for queue management.