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The Future of Retail and AI

Retail TouchPoints

Some are testing delivery robots, others self-serve mobile kiosks, and some are simply retrofitting flagship, high-traffic locations with AI cameras and sensors. Over the course of 2020, retailers increasingly turned to AI-driven technology to optimize their operations and better understand their customers.

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Virtual Queues: The Waiting Isn’t the Hardest Part

Retail TouchPoints

Customers engage with a virtual queue almost as soon as they scan a QR code or check in at a kiosk. The system sends notifications on wait times and can ask questions such as what kind of service customers require and if they have unique needs (e.g. Do you go with a QR code or a kiosk?

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The rise and rise of subscription boxes shows the market is ripe for growth

Inside Retail

The value the subscriptions are perceived to provide also may decline over time, leading to problems with customer retention. Customer retention challenges: Depending on category, a substantial portion of subscribers may cancel within the first six months.

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Why Do You Need Business Intelligence for Your Retail Business?

RETAIL MANAGEMENT SOFTWARE

It helps retail businesses extend their reach, expand their capabilities, and refine what their customers really want. Brands and retailers are connecting with consumers in-store through e-commerce, social media, mobile apps, seasonal kiosks, third-party marketplaces, and more. Increase Customer Retention Rate.

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Maximizing ROI: How Professional In-Store Marketing Boosts Retail Sales

CJ Retail Solutions

Retailers can establish a strong emotional connection with their audience and cultivate enduring relationships by providing personalized and pertinent messaging to their customers. Higher customer retention rates, higher customer lifetime values, and eventually higher sales for the retailer can result from this.

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Why Measuring and Optimizing Queues Are Crucial in Fast Food Restaurants?

V Count

By streamlining the checkout process and making it more efficient, you not only prevent such losses in revenue but also make the shopping experience more pleasant for your customers. This in turn can lead to higher customer retention rates as satisfied customers are more likely to return for future purchases.

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What is Barcode Technology, and How Does It Impact Retailers?

Star Miconics

Customers can present a barcode on their smartphone at a counter or kiosk for fast order fulfillment. In addition to increasing efficiency and order accuracy, these tools drive employee satisfaction, customer retention, and positive reviews.