The Boston Consulting Group expects spending on IoT in the retail sector to reach $12.9b in 2020, quadruple the figure for 2015. As the industry looks to maximize profits and market share in an interconnected, competitive environment IoT continues to take center stage. Challenges for these organizations include meeting the changing demands of customers, maneuvering through a Read more...
By Pam Takahama To be anything, must a business now be everywhere? That’s a question I’ve begun to regularly ponder because heading into my local grocery store, I can now stop at my bank. When I pick up a prescription, I notice individuals at kiosks, taking their blood pressures. When I walk into a Read more...
A convenient store with no checkout line? Sounds like the perfect setup for a Seinfeld show. But, it’s not. It is really happening. We see retailers such as Amazon opening their first-ever store. No, it’s not a rebranded Whole Foods. It’s an Amazon store. For those following the news of store closures, it’s a little Read more...
Retailers are banking on blockchain technology to secure consumer trust, create transparency, and streamline operations. As retailers recognize blockchain’s transformative ability, most are still working to fully understand how to harness its potential. Les Viszlai, VMware Advisory Strategist explains, “By allowing digital information to be distributed but not copied, blockchain technology has created the backbone Read more...
Digital Transformation projects are forging the path to a new world of retail. As we continue to set the bar high to create seamless shopping experiences we are all too familiar with the IT challenges and projects piling up behind the scenes to create these “Digital Savvy Consumer Destinations.” As retailers look to meet consumer Read more...
Digital Retail Today As retail outlets create or expand their online presence, there is another revolution afoot: the transformation to digital environments. By embracing an increasingly digital world, retailers are: Offering mobile apps that create personalized engagement Outfitting storefronts with wifi enabled devices like kiosks and digital signage to create a richer in-store customer experience Read more...
This year’s “Big Show,” National Retail Federation’s (NRF) annual event, did not disappoint. It featured big booths and big displays, together with exciting technology innovations. The big takeaways: digital transformation is accelerating and the retail store is alive and well. So what are retailers envisioning? “As we become a different kind of technology company, the Read more...
Strong holiday retail sales are shaping up to look very promising for retailers heading into 2018. According to the National Retail Federation, retail sales during November and December grew 5.5% year over year to about $692 billion. The industry is revving up for a great year as consumer spending continues to rise and retailers deliver Read more...
By: Rick Terlep, Chief Technology Officer of Retail at VMware Ben Byer, Senior Systems Engineer at VMware If you do an internet search on “change in retail industry” you will get a lot of returns. Many of them will be on how Retail is “catching up” or “behind” or “adjusting” to change Read more...
National Retail Federation estimates consumers will spend an average of $967 per person this holiday season. “Consumer confidence is high,” says Katherine Cullen, NRF’s director of retail and consumer insights. “People are feeling really good about the state of the economy.” As the industry remains optimistic about the 2017 holiday season, retailers are embracing Read more...
