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Retailers Need to be Smarter with Their Smart Store Implementations

Retail TouchPoints

Starting in the late 1980s with the introduction of self-checkout kiosks and progressing to today’s smart RFID tags and even fully automated storefronts, retail leaders have slowly but surely embraced digital in-store enhancements. By 2030, the smart retail market will be worth $91.36 billion thanks to these aggressive investments.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

The survey also found that less than 13% of retail organizations are investing in technology to tackle these challenges, instead remaining focused on short-term fixes like increasing prices and running marketing campaigns. Self-checkout kiosks are ubiquitous today, but they add to the security challenges retailers face.

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McDonald’s outage underlines the risks of retailers becoming too reliant on tech

Inside Retail

McDonald’s mobile app; its human-less, order-taking kiosks; its digitised menus that change based on trends, the weather and more; and even its generative AI — together, these enable McDonald’s to eke out additional sales and efficiencies worth billions of dollars to the company, which has 40,000 locations in roughly 100 countries.

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How Data Analytics Is Revolutionising Retail Design in 2024

Retail Focus

Real-Time Inventory Management with Data Analytics With advanced data analytics, you keep track of stock levels in real time, preventing both overstock and stockouts. Retailers use these insights to make smarter stocking decisions and tailor their marketing strategies.

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Expanding Furniture Retail Inventory with an Endless Aisle Strategy

Storis

Essentially, it extends the virtual shopping experience beyond the constraints of physical space, enabling customers to explore an endless array of products through digital interfaces such as kiosks, mobile apps, and virtual showrooms. Competitive Advantage in the Market Product differentiation is key to retail success.

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5G in Retail: Creating the WOW factor

Retail TouchPoints

5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. Better communication between in-store staff, store managers and supply chain personnel via 5G devices will allow for responding to customer queries. Tractor Supply Co.