IoT Revolutionizing Retail Industry…
Many retailers recognize the staggering benefits that the Internet-of-Things can provide for their stores. But, according to this IoT for All article, “…customer expectations, fast-changing consumer habits, complex logistic chains, and human error are some factors holding retailers back from fully realizing their business opportunities.” Don’t let that steer you away from the endless benefits […]
Retail RFID, is it a Game Changer?…
Is retail RFID a game changer? Many retail leaders seem to believe so. This Loss Prevention Magazine article states, “RFID technology empowers retailers to create a serialized data archive of products in-store, online, and at every step of the supply chain.” In addition, it “…allows retailers to efficiently manage stock levels, reduce errors, and gain […]
The Future of In-Store Technology for Retail…
According to this TRB article, “Retailers require creativity to be one step ahead of everyone and to survive in a dramatically changed global scenario.” In addition, “Companies that experiment with technologies to determine which ones improve operational efficiency and which improve the customer experience are more likely to succeed.”
Retail Technology Predictions for 2024…
According to this Forbes article, “…this will be the most tech-forward year yet in retail—but only if retailers take advantage of what’s out there.” It’s evident that in-store retail technologies are steadily advancing each year. From the expansion of in-store digital technologies and hyper-personalization in customer service to advanced payment methods and virtual fitting room […]
Verkada Helix Combats Fraud for Retailers…
Retailers, did you know there is a new way to help prevent fraudulent chargeback? Well, according this Verkada blog, “[w]ith video evidence supporting transaction records, businesses are in a much stronger position to dispute fraudulent chargebacks.” In addition, Verkada Helix “…offers physical retail spaces a number of proof points in chargeback investigations and proactive defense.”
Takeaways From NRF 2024…
Based on observations at NRF 2024, artificial intelligence, autonomous platforms, and loss prevention advancements are among the solutions that will pave the way for seamless retail operations, according to a recent Convenience Store News article.
Technologies Bringing Retail into 2024
According to this Sourcing Journal article, “More than half of all U.S. consumers (51 percent) say convenience is a positive of shopping technology…” and “Another 46 percent say retail tech makes it easier to find the clothing they like, and…
RFID Technology, Touted by Retailers and Vendors…
Did you know that RFID “… is not new technology — its origins go back to World War II — but RFID has become a bigger tool in retailers’ toolboxes when it comes to merchandise visibility…” According to this ModernRetail article, “…it has become a tried-and-true way to understand loss in stores.”
Verkada Command Incident Management
Verkada recently released Incident Management, a new tool in Verkada Command, designed to streamline investigations and simplify reporting. Verkada’s blog states that it allows users to consolidate incident-related footage, quickly extract key information, automate incident reporting, and more.
Retail Predictions for 2024…
Over the past few years you’ve probably heard retail tech terms like “…buy-online-pickup-in-store, personalization, and contactless payments.” However, going into 2024, there are new technology predictions for the retail industry.
Retail Technology Innovations…
According to this International Supermarket News article, “…innovations are poised to shape the shopping experience in 2023 and beyond,” and “Retailers that embrace these technologies will not only meet the changing demands of consumers but also…
Retailers Rely on LP Technology…
According to this Apparel Resources article, due to organized shoplifting and theft in retail, “Businesses have been reducing operating hours, locking up items and threatening to shutter stores completely.”
