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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 Businesses can collect real-time data on how the goods are stored and transported, their location and their condition during delivery. Inventory management. Self-checkout. billion in 2022 and is expected to grow at a CAGR of 28.4%

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AI Slam Dunk: Startup’s Checkout-Free Stores Provide Stadiums Fast Refreshments

Nvidia

Zippin offers sports fans checkout-free refreshments, and it’s racking up wins among stadiums as well as retailers, hotels, apartments and offices. As sports and entertainment venues begin to reopen in limited capacities, Zippin’s grab-and-go stores are offering quicker shopping and better social distancing without checkout lines.

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How RM Williams boosts efficiency with its unified commerce platform

Inside Retail

This acquisition paved the way for RM Williams’ most significant digital investment yet, encompassing a comprehensive overhaul of its e-commerce platform, marketing strategies, and store systems. When we set about this project, it was to look at the way we connect with our customers. People had to line up,” said Ratcliffe.

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Retail’s tech revolution sets laser-like focus on the consumer

Inside Retail

Conversely, they might spot an item in a store, compare prices on their smartphone, and choose either to take it to the checkout or order it online for home delivery. Furthermore, AI’s predictive analytics capabilities enable retailers to anticipate demand surges or dips and adjust their inventory accordingly.

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Meet Nakedvice, the brand founded by best friends in the Sportsgirl stockroom

Inside Retail

Despite a slight dip in 2020, the global apparel market is set to grow to about US$2 trillion by 2028, from US$1.79 Locally, women’s apparel represents the largest segment with an estimated market volume of US$11.86 billion; the men’s apparel market is about half of that, worth US$6.35 billion apparel industry in Australia.

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How to Create Immersive Retail Experiences

Retail TouchPoints

Actionable data can also help retailers with inventory management across all locations. If the customer needs more information or help, these systems are particularly good at alerting retail managers to know quickly that a customer service action is needed. and content can scroll through several ads, messages and videos.

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You Can’t Spell Retail Without AI

Retail TouchPoints

From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI. AI has a lot to offer grocery stores, especially in inventory management. Practical Benefits of AI in Grocery.

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