Tag: future of retail
Let’s Get Phygital and Start the Future Retail Party
Physical stores and e-commerce are both growing stronger and much more innovative. In this article by Tony D'Onofrio, learn more about how progressive retailers are moving on from omnichannel to phygital experiences.
Nike and the Post COVID-19 ‘New Normal’ Disruptive Future of Retail
This article summarizes the COVID-19 China’s “new retail” strategies, generational commerce transformation trends, and the latest global and regional retail sales forecasts post the pandemic, as well as uses Nike's response as an example of the positive actions taken by retailers during the health crisis.
Combating Retail Shrink with AI: Two Case Studies
Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.
The Dramatic Metamorphosis of Point-of-Sale Systems
In a study presented at a 2017 conference on business innovations, mobile self-checkout solutions were found to provide a more time efficient shopping experience, particularly when stores are crowded.
Retailers Are Enamored with Technology. But Do Customers Love It?
A recent survey reveals that 79 percent of retail executives believe that artificial intelligence and virtual reality technologies could increase sales, but only 14 percent of customers thought that technology would impact their shopping decisions.
Retail Industry Leaders Association Launches “September is for (R)Tech”
The Retail Industry Leaders Association recently kicked off its month-long initiative “September is for (R)Tech.” Throughout the month, RILA will showcase news, initiatives and...
Women of Loss Prevention
As we reported in our recent May-June edition, the Women of Loss Prevention survey, sponsored by Tyco Retail Solutions and Protos Security, offered a...
RILA Announces First-Ever (R)Tech Global Retail Challenge
The Retail Industry Leaders Association (RILA) recently announced its first-ever (R)Tech Global Retail Challenge in partnership with the Bensadoun School of Retail Management at...
Many Say the Brick-and-Mortar Retail Industry Is Dying. Here’s Why They’re Wrong.
When I was growing up in retail, the word was that "department stores are dying. That was in the early 1980s. Then came the...