article thumbnail

How IoT is Transforming Digital Signage in Retail

Retail TouchPoints

Consumers can inquire about sales, promotions or store layouts, and the signage will respond in real time, providing relevant information based on the IoT data collected. With over 20 years of experience in finance and digital enterprises, she has held senior leadership roles in the financial and technology sectors.

article thumbnail

What’s driving the transformation of China’s department stores?

Inside Retail

Strategic priorities for the future The report notes that department stores, looking ahead to this year and beyond, are positioning themselves not merely as places to shop but as multifunctional lifestyle anchors. They are shifting focus to internal optimisation, improving management efficiency, and reducing operational costs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

While the report primarily focuses on how AI can optimize store layouts and marketing strategies, there is an underlying message on data security. According to a McKinsey & Company report , the integration of AI-driven security systems in retail has brought about a notable decline in the incidence of cyberattacks.

article thumbnail

Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

It also requires a focused effort across several teams in sourcing, inventory, store operations, IT and finance, and retailers must ensure they are getting the maximum ROI and using the right technology for it to be efficient and cost-effective.

article thumbnail

Navigating the unique challenges of holiday shopping in 2023

Inside Retail

Consumers are still feeling enormous financial pressures, and many are heading into this period with little optimism towards their finances. Investing in your store and your workforce comes in tenfold at this time.

Shopping 130
article thumbnail

Digital transformation: the evolving role of artificial intelligence in retail

Retail Focus

For instance, in eCommerce, AI-powered tools can analyse online shelf performance, tracking competitors and identifying opportunities. “In physical stores, Computer Vision is transforming operations and providing new revenue streams. Glancing ahead to the future, Cherri believes AI will fundamentally reshape the retail landscape.

article thumbnail

Stop out of stocks denting your profits this holiday season

I Vend

Financial operations – integrating the back of house finance processes with the front of house sales offers massive opportunities for streamlining. Store layout and design – the right store layout can attract customers, enhance their experience and keep them in the store – brick and mortar or online.