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Sensing, Not Seeing, with Vision AI as Retail’s Crystal Ball for the Future

Retail TouchPoints

This has never been more apparent than now, as consumers look to elevate their in-store shopping experiences and expect the same versatility and ease that they have obtained with modern omnichannel retail. Consumers want to be part of an in-store experience that allows them a personalized, agile and enjoyable shopping experience in store.

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ALDI Slashes Prices on 400 Essentials for Summer Savings Spree

Retail Wire

By dropping prices on more than 400 products, ALDI will save customers $100 million this summer, per savings estimates based on internal analysis of promotional pricing and projected sales volumes. These added savings will help consumers fight the pinch for essentials to fuel their families all summer long.

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Ensuring a greener future in retail with sustainable signage

Retail Focus

And of course, because everything’s made in-house here in Leeds, we’re not shipping goods halfway around the world. In time, prices will drop to be in line with PVC alternatives. Peutat said: “From smaller shops on the high street to large supermarkets, it is imperative for retailers to adapt to help satisfy demand from customers.”

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Five ways to reduce operating costs in your retail business

Inside Retail

Cost of living pressures, supply chain issues, weak consumer confidence, interest rate hikes and reduced retail spending are all making retail a tough business to be in at the moment. Reduce advertising costs Nothing is more frustrating for a consumer than looking for a product online, to find it’s out of stock.

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. It ultimately chose not to pass on these cost increases to consumers, but invested instead in keeping prices low” Indeed, Lidl added more than 1.4

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Is Price Matching the Right Strategy for You?

Wiser

The bottom line is that price is always top of mind for consumers. This isn’t to say you won’t keep an eye on what other retailers are doing, but you have that added layer of protection that consumers can spot and bring price differences right to your door. Increased Consumer Confidence. For most, the answer will be price.

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Sainsbury’s profit surges despite supply chain pressures

365 Retail

The supermarket giant reported a 23% hike in underlying pre-tax profits to £371 million for the 28 weeks to September 18. The supermarket’s general merchandise sales also dropped 8% in the second quarter, as it came up against a tough quarter a year ago when demand was boosted amid pandemic restrictions.