I Vend

OCTOBER 16, 2023

As discretionary spend decreases in inverse proportion to cost of living increases, and consumers think more carefully about where they spend, retailers have to get really smart about strategies to win and retain their share of the market. iVend helps retailers iVend helps retailers to capture and analyse customer data.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Inside Retail

JANUARY 3, 2023

At Amazon, algorithms are used to track consumer behaviour and adapt product recommendations based on a wide range of factors. Meanwhile, other companies are using AI to provide a more personalised shopping experience for customers by analysing their browsing and checkout history. Payment systems evolution.

Payment Services 290

Payment Services Shopping Checkout Kiosk 290

Retail TouchPoints

MAY 31, 2022

Source: Coresight Research “Building Blocks of the Metaverse: 5G” Both at a consumer and an enterprise level, 5G is still in its infancy, but it’s expected to grow quickly and become the dominant mobile access technology by 2027 reaching 90% penetration in North America within that time, according to Ericsson.

Merchant Services 344

Merchant Services Checkout Shrinkage ATS 344

Retail TouchPoints

AUGUST 17, 2021

Online retailers are using AI to create intent-based promotions. Computer vision can track products that consumers remove from the shelves and place in their cart. AI has a lot to offer grocery stores, especially in inventory management. AI tools reduce the lost inventory in one of two ways.

Checkout 306

Checkout Payment Services Customer Experience Inventory Management 306

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. How to Take Consumer Engagement and LTV to New Levels. Listen to the session on demand. Listen to the session on demand.

Consumer 137

Consumer Payment Services Fulfillment Advertising 137

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey. What’s Next?

Payment Services 257

Payment Services Inventory Management Marketing Checkout 257

I Vend

DECEMBER 11, 2023

As consumer demands continue to evolve, and competition is hotter than ever, retailers are embracing innovative solutions to stay ahead. Process automation – such as inventory management , tracking stock levels and re-ordering. As we move into a new year, our thoughts turn to the time ahead and what it will hold.

Payment Services 53

Payment Services Inventory Management Checkout Point of Sale 53

I Vend

FEBRUARY 9, 2024

Process automation – such as inventory management , tracking stock levels and re-ordering. Payment options – Frictionless checkout means making the payment process as smooth as possible and giving customers a range of ways to pay. Store layouts – optimising sales by tracking shoppers and the way they navigate the store.

Payment Services 52

Payment Services Inventory Management Checkout Point of Sale 52

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Self-service check-ins and checkouts have become the new norm, saving time and money for retailers. New Look Stores.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management.

Point of Sale 242

Point of Sale Promotions Inventory Management Grocer 242

Retail Focus

JANUARY 12, 2023

Many of those processes can be time-consuming or repetitive, which makes them highly suited to automation. Checkouts. A robust, streamlined, automated checkout will help boost sales significantly as customers can quickly move from the RFQ/quotation stage to placing an order online literally anytime, anywhere. .

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

I Vend

AUGUST 17, 2022

Supermarket shopping is, for the vast majority of consumers, an essential. From frictionless checkout to seamless ERP integrations, to built-in promotions, loyalty, and inventory management – a sophisticated Grocery POS offers everything a modern-day retailer needs to deliver convenience to their customers.

Payment Services 52

Payment Services Inventory Management Checkout Supermarket 52

I Vend

APRIL 22, 2024

Of all the consumer electronics, the favourite by a mile is the smartphone. In a survey of 10,045 consumers, 95% said their ‘most used electronic device’ was their smartphone, and sales account for half of the trillion dollars revenue in 2024. Today’s ‘must-have’ device is tomorrow’s ‘has been’.

Thrift Store 52

Thrift Store Point of Sale Inventory Management Returns 52

Retail TouchPoints

JANUARY 20, 2022

Customers also can choose to share additional information such as their style, fit and other preferences in order to receive more refined recommendations, and they’ll receive notifications of in-store promotions curated to their preferences. There will be humans working the store too.

Payment Services 219

Payment Services Apparel Inventory Management Department Stores 219

365 Retail

DECEMBER 12, 2023

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. The new business models supported by autonomous capabilities provide a compelling value proposition for consumers.

Payment Services 59

Payment Services Checkout Store Layout Inventory Management 59

Retail TouchPoints

JULY 11, 2023

Retailers can take a similar approach and think beyond just getting a consumer in the store to purchase a product. It’s not enough to just meet consumer needs today; retailers need to be able to anticipate the next thing customers will want or need, and when, and analytics can help provide the answers.

Payment Services 179

Payment Services Inventory Management Consumer Returns 179

I Vend

DECEMBER 7, 2022

For the holiday season 2022, consumers look set to continue their love affair with ecommerce solutions and online shopping. One of the biggest of these is the fact that being online makes it a lot easier for the consumer to switch stores or brands. But if they cannot buy the items they want, they’re liable to abandon the sales order.

Inventory Management 98

Inventory Management Customer Experience Checkout Management 98

Inside Retail

JANUARY 24, 2023

They covered how brands can provide elevated and curated customer experiences and how clear differentiation, and even re-invention, can be critical to meeting consumer demand and providing a sustainable future for retailers. What mattered was, were we serving the consumer in the way the consumer preferred?”

Fulfillment 130

Fulfillment Customer Experience Consumer Returns 130

Independent Retailer

JANUARY 19, 2023

With an omnichannel customer strategy, real-time inventory management, returns of online goods, personalized shopping, and touch-free, frictionless checkouts, a proper IT network in place is critically important. This is the first point of contact for many customers and can have a huge impact.

Payment Services 55

Payment Services Inventory Management Checkout Customer Experience 55

Inside Retail

OCTOBER 21, 2021

Retailers are enduring dynamic and challenging times as supply-chain disruption continues and consumer behaviour changes, both brought on by living in the Covid era. Consumers increasingly want a seamless and consistent shopping experience across a growing number of offline and online touchpoints.

Returns 130

Returns Merchant Services Shipping Payment Services 130

Retail Minded

DECEMBER 6, 2022

AI is also helping retailers with the checkout process. In fact, some retailers are using AI to optimize their inventory management, customer service, and marketing strategies. This is a great way for retailers to get customer engagement and loyalty by giving them value-based promotions. Augmented Reality. Conclusion.

Inventory Management 59

Inventory Management Customer Experience Checkout Promotions 59

Wiser

AUGUST 13, 2019

Even so, increasing the number of items a consumer buys during a trip to your store is incredibly important. Ensure your inventory management is working properly. Do regular spot checks of shelves to check for stock levels, and make sure you don’t have any phantom inventory messing with your data. Timed discounts.

Marketing 103

Marketing Store Layout Promotions Inventory Management 103

I Vend

SEPTEMBER 1, 2022

Consumers continue to spend on essentials such as food, personal care, and basic clothing, but reduce their outlay on items such as furniture, home electronics, sporting goods and accessories. Fast, reliable retail POS system and contactless payments for smooth checkout.

Dead-Stock 98

Dead-Stock Payment Services Sporting Goods Inventory Management 98

RETAIL MANAGEMENT SOFTWARE

OCTOBER 3, 2022

Leading retailers have embraced digital transformation and leveraged the latest business intelligence (BI) capabilities to identify market trends, spot shopping patterns and changes in consumer behavior, and make informed decisions based on valuable insights. Optimize Inventory Management. Simplify and Automate Tasks.

Customer Retention 85

Customer Retention Inventory Management Customer Experience Kiosk 85

Wiser

JULY 6, 2021

In reality, technology has created nothing short of a revolution, from the big stuff like eCommerce to smaller, now-common trends like self-checkouts and buy online, pick up in-store. Plus, it can display discounts and promotions above these list prices to catch the eyes of passing shoppers. billion by 2026 , up from $1.8

Advertising 158

Advertising Inventory Management Checkout Marketing 158

Rain Pros

AUGUST 18, 2023

The accessibility and convenience offered by online shopping platforms have led to significant shifts in consumer behavior, and traditional retailers must adapt to ensure they remain competitive and meet evolving customer expectations. eCommerce has revolutionized how people shop and significantly changed consumer behavior and expectations.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

The accessibility and convenience offered by online shopping platforms have led to significant shifts in consumer behavior, and traditional retailers must adapt to ensure they remain competitive and meet evolving customer expectations. eCommerce has revolutionized how people shop and significantly changed consumer behavior and expectations.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Star Miconics

JANUARY 26, 2023

AI helps consumers and workers streamline their activities and increase productivity. It also automatically alerts the inventory manager when items are nearly out of stock, prompting timely reorders and preventing disappointed customers. But what is artificial intelligence?

Point of Sale 52

Point of Sale Merchant Services Inventory Management Checkout 52

365 Retail

MAY 5, 2023

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. Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies.

Store Layout 81

Store Layout Promotions Inventory Management Advertising 81

I Vend

MAY 18, 2021

The popularity of thrift stores is the result of several consumer trends converging: the need for affordability; the desire to engage with purpose-led businesses; a move away from mass production and the appeal of the unique; and a strong environmental awareness and desire to be more sustainable.

Thrift Store 52

Thrift Store Payment Services Customer Experience Inventory Management 52

Wiser

JANUARY 8, 2019

Offer More Promotions. On a related note, promotions are another excellent strategy to move excess inventory after the holidays. Two that could work well in this scenario are: Flash Sales – Flash sales are time-sensitive promotions, often paired with steep discounts given the exclusive nature of the deal.

Shipping 74

Shipping Promotions Checkout Management 74

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Frank Mayer

OCTOBER 12, 2020

More than ever, the transformed consumer now counts on operational supply chains, accessibility, and arguably most important, enhanced safety standards. Fortunately, recent consumer research has some promising predictions for retail as a whole. Interactive Kiosks Promote Customer and Employee Safety.

Kiosk 52

Kiosk Returns Inventory Management Checkout 52

V Count

FEBRUARY 26, 2024

You may also develop a reward or loyalty program and offer them freebies or special promotions to ensure they regularly visit your store. In a nutshell, knowing your target audience allows you to launch customer-focused marketing efforts and manage the visitor experience at your store.

Visual Merchandising 52

Visual Merchandising Target Market Management Promotions 52

V Count

FEBRUARY 26, 2024

You may also develop a reward or loyalty program and offer them freebies or special promotions to ensure they regularly visit your store. In a nutshell, knowing your target audience allows you to launch customer-focused marketing efforts and manage the visitor experience at your store.

Visual Merchandising 52

Visual Merchandising Target Market Management Promotions 52

Retalon

SEPTEMBER 22, 2021

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.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41