article thumbnail

Why Uncommon Corporate Partnerships are a Must in 2024 (and How to Make Them a Reality)

Retail TouchPoints

The trend of a cautious yet resilient consumer has continued into the early stages of 2024, with high-ticket luxury and department store industries underperforming sectors that sell necessities — online retail, discount/club, automotive and grocery. Full-service restaurants are trailing their limited-service peers.

article thumbnail

The Future of Retail and AI

Retail TouchPoints

Namely, the conversations focus on how traditional brick-and-mortar stores can incorporate AI into their operations as more and more fully autonomous stores pop up around the world. Most in-store data had traditionally been compiled via manual inventory tracking, surveys and historical purchase data.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Best Retail-Focused POS Systems for SMBs in 2022

V Count

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. A POS system is a must-have for almost all retail stores. Each customer’s shopping journey is unique and each store operates differently.

article thumbnail

Best Retail-focused POS Systems in 2022

V Count

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. A POS system is a must-have for almost all retail stores. Each customer’s shopping journey is unique and each store operates differently.

article thumbnail

How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Cut costs with caution by trying not to sacrifice on the quality of your product or service. Customer Retention is Key.

article thumbnail

Retail Consumer Behavior Patterns and Shifting Dynamics: The Future of Retail & Retail Trends

RETAIL MANAGEMENT SOFTWARE

Shoppers have readily adjusted to the “new normal,” whether it’s a higher reliance on e-commerce, a surge in-home delivery, rapid adoption of curbside pickup, an increase in contactless payment, or other modifications in their behavior. The store experience is a big part of REI’s success.

article thumbnail

How Mobile POS System Can Help Retailers Stay Fully Operational with Fewer Associates

RETAIL MANAGEMENT SOFTWARE

Mobile POS enables a convenient and seamless customer experience, giving store associates more tools to help shoppers at the moment, wherever they are. It also frees up store associates to provide more personalized customer service, which differentiates many small retail businesses from their online or big-box competitors.