POS Systems

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 retailers’ attention and become best-sellers, while others fade into obscurity. Retailers are also dealing with past trends making a comeback while…

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 some…

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 purchase…

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 Face…

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, up…

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 — whether physical or online — 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 and…

From Supply Chain to POS: Lessons Learned at NRF 2023
February 14, 2023 at 10:30 am

Each year, NRF: Retail's Big Show acts as the curtain-raiser for some of the retail industry’s most advanced and innovative technology solutions. While 2022’s event saw NRF’s return to New York’s Javits Center, attendee turnout remained unusually low due to the world being in the early stages of the post-pandemic recovery. However, 2023 saw attendee…

Merchants’ Holiday Wish: Frictionless Payment Processing
December 13, 2022 at 5:12 pm

The biggest retail season of the year is upon us, and retailers are feeling confident about holiday shopping trends despite record levels of inflation and elevated interest rates, according to the National Retail Federation’s 2022 forecast on holiday retail sales. The NRF’s latest report also indicates that as more households began their holiday shopping earlier…

Checkout Check-Up: Meeting Americans’ Diverse Payment Preferences
August 4, 2022 at 3:21 pm

“Society is unity in diversity,” wrote philosopher George Herbert Mead. Retailers today are faced with the checkout challenge of unifying consumers’ payment preferences, which have never been more diverse. Payment technology plays an essential role in ensuring customers’ transactional expectations are met and even exceeded, so they return again and again. “Can I pay with…

The Rise of New Retail: 3 Ways Autonomous Retail is Shaping the Future
April 5, 2022 at 10:13 am

Before the pandemic took hold in 2020, the unattended retail industry sat at a tipping point. A once cash-based industry that started in vending, the shift toward autonomous retail had been driven by widescale acceptance of cards and mobile wallet payments, not to mention by consumer expectations for digital payment solutions. This, in turn, enabled…