Customer experience, theft prevention, inventory transparency and more take center stage RetailNOW panel explores rising RFID use cases With technologies improving many aspects of retail operations, one longtime standby not to be overlooked thanks to its convenience and versatility is radio frequency identification (RFID). Best known for simplifying inventory management, RFID has evolved to improve the customer experience… Read More »
The launch marks VenHub’s first deployment in partnership with LA Metro, with additional locations planned VenHub Global, Inc., a provider of an autonomous, AI-powered retail store, unveiled its flagship Smart Store at the LAX/Metro Transit Center at Los Angeles International Airport earlier this month, the company announced in a press release. The Smart Store brings secure, frictionless, and… Read More »
From Bain.com March 2020 — Companies can brace themselves for lasting changes to the sector even as they grapple with short-term disruption. At A Glance We’ve put together an operational checklist to help retailers frame their immediate response to the COVID-19 pandemic and their medium-term planning for an eventual recovery. Key actions include empowering your emergency response team,… Read More »
Alcohol Retail – Shopping Under The Influence We like that title. WP article covers Nordstroms and how they are adding martinis to the mix for shoppers. With all the analytics describing how doing this or doing that is going to increase sales per customer and provide an uplift, why not just do the obvious? Sell them a martini,… Read More »
Amazon executive Doug Herrington can sum up the formula for his company’s rapid innovation in ten rules. Herrington, a 1988 Princeton alumnus, shared those rules, along with reflections on his own career journey, during a talk on campus Nov. 30. Students, faculty, staff and community members packed McCormick 101 to hear Herrington, senior vice president for North America retail… Read More »
Excerpt from Houston Chronicle Toys R Us, the beloved toy retailer that went out of business last year, has returned to Houston with a revamped store that aims to offer a more interactive shopping experience than its failed predecessors. Customers at the new Toys R Us, which opens Saturday at the Galleria mall, are greeted by corporate mascot… Read More »
Reference link Food Coming to a Retail Store Near You LONDON, United Kingdom — In a grand restaurant in central London, customers tuck into classic British delicacies such as afternoon tea topped off with a glass of champagne. Since opening this spring, Thomas’s on Regent Street has become something of a destination. But the space isn’t one of London’s… Read More »
Reported on Washington Post April 10th. Overall, retailers have closed more than 15,000 stores since 2017, according to UBS. Among them: Radio Shack (which closed 1,470 stores), Toys R Us (735 stores), and Mattress Firm and GNC (700 stores each). By Abha Bhattarai April 10 Widespread closures have roiled the retail industry, but many more stores are likely to… Read More »
US-based provider of integrated solutions for retail Provision Holding has secured 100% ownership of 650 kiosks in Rite Aid stores.
Source: www.retail-insight-network.com
