POS Systems

Measuring the Unmeasurable: A Deep Dive on Point of Sale ROI
August 5, 2024 at 9:42 am

To say measuring the return on investment at the point of sale (POS) is difficult in retail is an understatement. It's not as simple as counting how many units a brand sold from an in-store display. You also have to track factors like display engagement to gauge if consumers are noticing. You have to considerโ€ฆ

The Importance of Inventory Management Amid Donor Fatigue
July 30, 2024 at 12:44 pm

In 2023, the U.S. secondhand market generated an estimated $53 billion in revenue โ€” with no signs of slowing down. However, thrift stores, like any retail operation, must ensure they have a sound inventory flow, especially during times of donor fatigue. With the growth the industry is poised to have over the next few years,โ€ฆ

Technology Helps Specialty Retailers Deliver More Personalized Shopping Experiences
July 8, 2024 at 2:10 pm

If small business owners could clone themselves to be in multiple locations executing five critical tasks at once, most probably would. Especially if that meant they could spend more face time with customers. Carson Searcy, owner of CBS Sports, an outdoor and sporting goods independent retailer in Morganton, NC, is no exception. From kayaks andโ€ฆ

Revenue and Loyalty: The Power of Personalized Financing Options
June 6, 2024 at 4:22 pm

In today's competitive retail landscape, providing a seamless customer experience is no longer enough. Consumers and businesses increasingly seek flexible and personalized financial solutions at the point of sale (POS). Since 2018, POS lending products have experienced an annual growth rate of 20 percent, and the number of users of these services is expected toโ€ฆ

The Art of Balancing Trends and Timelessness in Retail Inventory Strategy
June 4, 2024 at 8:21 pm

Every year, designers push creative horizons, unveiling innovative styles that push the boundaries of traditional design and showcasing new and unique items that align with current trends. Some of these new pieces quickly capture retailersโ€™ attention and become best-sellers, while others fade into obscurity. Retailers are also dealing with past trends making a comeback whileโ€ฆ

Strategies for Retail Excellence: Self-Checkout Optimization, Shrinkage Solutions, and Embracing Technology
May 2, 2024 at 5:37 am

Self-checkout has become a hot topic in the retail landscape. While it has offered convenience and empowerment to customers, it has also presented opportunities and challenges for store owners. In recent weeks, retailers have started to make decisions about the future of self-checkout in their stores. Dollar General and Kroger have removed self-checkout from someโ€ฆ

Empowering Sustainable Shopping Through Technology: An Industry Perspective
April 4, 2024 at 9:21 am

As retailers across industries recognize the growing importance of sustainability, the role of technology in enabling eco-friendly shopping experiences has never been more critical. The shift towards sustainable shopping, driven by consumers' values and environmental consciousness, has reshaped the retail landscape. According to Statista, 60 percent of surveyed individuals made at least one second-hand purchaseโ€ฆ

Wage Increases and Labor Shortages Are Driving Restaurant Technology
February 15, 2024 at 12:16 pm

Through my years in the fintech and restaurant tech industries, I've witnessed firsthand the transformative impact of technology on the retail and food service industries. Today, as we navigate a landscape marked by rising labor costs and personnel shortages, the adoption of self-service technology isn't just an option, it's becoming a necessity. The Changing Faceโ€ฆ

How IoT is Revolutionizing the Retail Industry
January 3, 2024 at 11:26 am

Being a forward-thinking retailer requires actively identifying shifts in consumer behavior. Perhaps one of the most notable changes in recent years has been the rise in cashless consumers. According to a Pew Research Center survey, roughly four in 10 Americans (41 percent) say none of their purchases in a typical week are paid for using cash, upโ€ฆ

Unlocking the Potential of Customer Data: Maximizing its Value for Your Business
September 27, 2023 at 1:55 pm

Data plays a pivotal role in the retail landscape. It has transformative potential to elevate a store โ€” whether physical or online โ€” to new heights of success. In today's highly competitive market, data-driven insights are a game changer. By meticulously analyzing customer purchasing patterns, preferences and behaviors, retailers can tailor their product offerings andโ€ฆ