WALKING THROUGH THE ‘STORE OF THE FUTURE’ | Winsight Grocery Business
Gary’s Take: The ‘Store of the Future’ article showcases just how fast retail is evolving, driven by the exponential growth of computer processing power which, in turn, drives growing use of AI. Few people, retail execs included, truly appreciate how fast technology is moving and the implications of that for the future. Mixed reality capabilities are coming on fast that will truly meld the physical and digital worlds of shopping and enable retailers to deliver exciting new services, information, and experiences. The big 'but’ here is that retailers need to figure out how to move faster to keep pace with innovation!
BIG BROTHER AT THE MALL | Wall Street Journal
Gary’s Take: The opportunity to collect shopper data within the physical store is exploding as facial recognition, mobile tracking, and other capabilities flood into the market. Government is taking notice with Congress considering getting involved because of data confidentiality and privacy issues. This topic came up last week when I guest lectured at Georgetown University’s McDonough School of Business. Our discussion focused on the fact that technology is moving far too fast for 'reactive’ government regulation to be effective and the fact that many politicians and people in government are not up to speed on technology - as was all too evident in the Facebook and other tech hearings Congress held this past year. The retail industry needs to be cognizant of these issues and work to build protections around data and create a compelling value proposition for shoppers to participate and share their data.
WHY GROCERS WEBSITES ARE CRITICALLY IMPORTANT | Store Brands
Gary’s Take: Great call-out from RFG’s study that retailers need to focus on customer digital engagement. Retailers largely don’t understand how fast things are moving and the need for the personalization and relevancy made possible through digital engagement.
WILL WALMART’S KIDSBOX HELP KIDS LOOK GOOD AND DO GOOD AT THE SAME TIME | RetailWire
Sterling’s Take: It’s a great chance for all parties to learn — Walmart learns about a kids subscription model and KIDBOX opens their offering to a new audience. If all goes well, it wouldn’t surprise me to see Walmart take the next step and invest or buy them. It’d only be natural to look at extensions into other demographics from there.
WILL LIVESTREAM SHOPPING TAKE OFF IN THE U.S.? | RetailWire
Sterling’s Take: I’m already seeing pockets of livestream sales from influencers in the US. And it’s definitely growing. Only the biggest and/or most focused retailers will have opportunity to build their own platforms. Others will have to take advantage of the existing platforms and associated costs. It’s just like any of these other new channels and new technologies — even if it’s a bit early, it pays to test, trial and learn. Keeping one foot in current operations and the other in what’s newly possible keeps any organization viable over the long term.
FEATURED BLOG OF THE WEEK:
3 TYPES OF RETAIL EXECUTION DATA: WHAT THEY ARE AND WHY THEY MATTER by Mat Brogie is part of the founding team, and CEO of Repsly, Inc.
COMMERCE IN THE CONSUMER AGE: HOW HUMANITY AND TECHNOLOGY COME TOGETHR TO CREATE A NEW VISION FOR RETAIL - Criteo Commerce Forum May 9th, 2019
CREATING ROI IN THE FUTURE OF AR/VR IN RETAIL: HOW RETAILERS ARE USING VR/AR TO ACHIEVE GROWTH, PROFITABILITY, AND CUSTOMER EXPERIENCE GOALS - May 14, 2019 - 2pm EST
Questions? Contact Retail and eCommerce Committee Event Co-Chair, Sterling Hawkins via email: email@example.com
DISRUPTIVE LEADERSHIP & THE SELFCARE REVOLUTION, Boston Immersion Event
Apply to present at Retail Tomorrow Labs: Boston - Applications due June 15th, 2019
SPRING 2019 RETAIL INNOVATION PITCH EVENT, hosted virtually on May 23, 2019
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SyncMax is the proper tool you need to solve these major issues and know and be able to track exactly what is going on within your business at all times. SyncMax is a synchronized data transfer system with real time data streaming via internet so that you can correct problems as they occur, and with 100% data consolidation and data replication, you can view stored data to review daily occurrences.
Companies with multiple sales agents in all different districts such as leather cleaning, or rug & carpet cleaning companies for example can especially benefit from the SyncMax capabilities because they can track and insert data continuously even as their employees are exiting and entering and making drop offs at all different times. Furthermore, it is greatly beneficial for large scale businesses with multiple satellite stores. SyncMax an asset, a valuable tool and a management solution for numerous demanding business situations.
Our goal is to make achieving results and measuring the effectiveness of your loyalty programs as easy as possible. By capturing customer intelligence data in one centralized place, you will see results quickly and have the insights to strengthen customer relationships.
NeXtrac merchandising systems pay for themselves in a very short time. You'll see an immediate increase in impulse buying at checkout, as well as ongoing incremental sales.
NeXtrac retail store fixtures have a very small footprint and feature double-sided merchandising panels, leveraging retail space and maximizing sales per square foot.
NeXtrac's patented grip connectors make it the most flexible in-line merchandising solution on the market, instantly turning a Beltrac stanchion into a powerful merchandising system.
Optimize your front-end merchandising with Qtrac iQ analytics, a perfect complement to your NeXtrac system. Analyze data such as impressions and dwell time to help boost impulse sales.
Our stock management software, Omni stock opens up and maximises your inventory across all channels allowing you to say yes to your customers more often. Omni stock intelligently routes orders for smart fulfilment, sourcing the right product at the right time so you can deliver on your promise to the customer. Dynamic, reliable and effective, this smart solution understands, and responds to your customers’ increasing demands for choice in how and when they buy. - See more at: http://www.omnicogroup.com/solutions/stock-management-#sthash.5e5llofO.dpuf
With large enterprise networks supporting retail, healthcare, financial services or transportation organizations, keeping track of every piece of equipment can be a challenge. With CIS Inventory Management, we keep track of every serial number and the current location of all hardware. CIS provides asset tagging in order to ensure that your significant hardware investment is in a staging area, tracked while in transit, or installed onsite using our proprietary inventory software. Even with wireless equipment that is not fixed and has a tendency to be moved, CIS knows exactly where your hardware is and where it should be. The CIS inventory system supports PO and billing audits and overall availability for “just in time” inventory availability.
Atomo solves the problem of collecting data on customer interaction with a brick and mortar retail store. Every day 3.4 million people go to work to sell billions of products across a 2.3 trillion dollar industry. Each product has a story. The key to selling that product is telling the right story at the right time to the right customer. Amazon figured out two decades ago the key to telling the right story is gathering data, iterating, improving with each shopper. With 3.4 million sales staff brands, distributors, and stores have no way to gather that data. No way to iterate and improve their story, no way to learn what works and what doesn’t. The brick and mortar store is treated like a black box with only binary data, a product sold or it didn’t. Atomo solves this problem. Pulling back the curtain on the black box. For the first time stories, distributors, and brands can look at what stories converted and what didn’t, what caught attention but didn’t sell, what is the missing link. No process can be optimized if it is not first measured. Atomo allows the in-person sales experience to be measured.
The preferred commercial dispensering system on the market, delivering hygienically consistent potions of dry goods to your customers.
Rosseto EZ-PRO Dispensers feature a one gallon ABS container and our patented portion control wheels. Available in both wall-mount and tabletop options, the EZ-PRO is a great choice for dispensing toppings, cereal, candy or snacks.
At Nutis, we specialize in enhancing internal and external environments with our visually compelling custom-designed wall coverings and wallpaper. Our state-of-the-art technology gives us the ability to print on virtually any type of material – gator foam, vinyl, paper, wood, metal, acrylic and fabric. Additionally, our digital printers can accommodate sizes up to 10.5′ wide and our screen presses can print up to 240″ wide.
Determining the type of material used depends on your budget, goals and objectives of the project, and the environment in which it will be used.
Ping Mobile 2 Credit is an app solution that applies precision in product promotion, precision in product pricing, and precision in help your customers make the buying decision at your store seamless and uninterrupted, with a twist of offering priceline model which would allow your customers to bid on the product they want at the price they want while they are standing in front of the product. Store is allow to counteroffer after pricing analysis. Ping Mobile 2 Credit provide logarithm to perform pricing analysis.
We apply precision by using Maro; maro is a Bluetooth and Wifi Combo Beacon, that will help in real time identify the customers with the products that they are looking at. We have both US and International patent pending on our solution. This simple solution can also be applied within any store for precision to aid your customers such as direction between isles, between stores, between malls, additional deals, coupons, loyal points, We can also offer direct interactions with store clerk should there be questions.
Bedford manufactures so many different types of twist ties the selection is endless! We offer single, double, or multiple wires, and a wide variety of lengths and wire gauges. Our customer service team can help you choose the tie needed for your specific application.
As a retailer, you face a complex marketplace propelled not only by technological advances, brand distinction, growing competition, price pressure, ever-changing legislation, and lingering economic uncertainty—but also a new, savvy consumer. Shoppers now have instant access to product information, consumer reviews, and price comparisons. And it has only become more difficult to turn shoppers into buyers.
To grow, retailers need to build relationships with customers by offering superior and more innovative services, differentiated merchandise assortments, and more engaging shopping experiences, all of which usually involves new channels. Infor Retail provides a set of industry-specific, integrated tools that can deliver all the information you need to manage merchandise and assets, while creating optimal and scalable customer experiences.
These software solutions are designed to support your core operations, management team, on-the-go district managers, and employees in a new way that takes advantage of the latest consumer and business technologies, and changes the way you work.