Building a Department Store of the Future

| December 18, 2019

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Neighborhood Goods is a new type of department store concept that turns shopping into a social, immersive experience.

Spotlight

KUKA Robotics

KUKA AG is an internationally active company with sales of around 3.5 billion euro. Every day, roughly 14,200 KUKA employees at our headquarters in Augsburg and around the world work to ensure that we remain one of the world’s leading suppliers of intelligent automation solutions. Our international customers come from, among other sectors, the automotive industry and general industry. KUKA offers you everything from a single source: from the individual components to fully automated systems.

OTHER ARTICLES

How is Point of Sale Software Changing in 2020?

Article | June 25, 2020

All great businesses are blooming on the edifice of POS, which stands for Point of Sale System. Every inch of your business consistency, management, and profits is subjected wholly and solely to the retail POS system. As we all are aware of its importance in a business and how effectively it tends to expand business empires and profits. In other words, a retail POS system is like a Midas touch to your business; it enhances it and enhances it for good, adorning it with golden profits. The idea of POS software is simple. It excludes every chance of human errors and inconsistencies, holds back your company's loss, and increases the productivity of your checkout counter. This is all it does, and all of these tasks are simple, but they are reassuring business tactics that ensure promising gains and remarkable retail growth.

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The Retail Industry and the Persistent Digital Threat Landscape

Article | June 25, 2020

In today’s age of digital transformation, retailers have changed the ways in which they interact and engage with consumers — starting with online shopping and e-commerce experience. In order for retail organizations to remain competitive, an omnichannel experience is critical, and with that, retail organizations are relying heavily on websites, mobile apps, online marketplaces, and social media to promote products, sell goods and even provide customer service. As competition to acquire and retain customers continues to increase, many retailers are also expanding their efforts to include social media and digital advertising platforms to enter new markets, generate awareness, and connect with potential customers. However, retailers aren’t the only ones that are targeting the opportunities online and digital platforms offer. Cybercriminals also recognize the opportunities that online platforms represent for retailers, and are seeking to exploit their market share and revenue potential.

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How IoT is transforming the retail industry in 2020?

Article | June 25, 2020

The retail industry has experienced a rapid transformation in the last 20 years. And like other industries, the retail industry is also embracing the Internet of Things (IoT) technology for the innovative opportunities it offers. In fact, IoT has already been embraced in retail all around the world. For instance, the IoT in the retail market has been increasing at a whopping 20% CAGR since 2015 and it is forecasted to reach $35 billion in 2020. That being said, let’s examine the top 4 opportunities IoT technology holds for the retail industry in the year 2020 and how you can capitalize on them. Retailers that have embraced the IoT technology have already experienced benefits like reduced costs, improvement in overall performance, and enhanced customer experience.

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How retailers can be ready for busy sales seasons with proactive maintenance

Article | June 25, 2020

In the retail industry, holiday shopping accounts for about 20 percent of annual sales. In the final few weeks of the year, it’s easy for retailers to feel overwhelmed with not only an influx of shoppers but the added pressure of needing to tie up loose ends before January 1st. These weeks can make or break the year and creating a positive customer experience that’s memorable is essential for continued success. For this reason, retailers need to strive for 100 percent Brand Uptime in order to meet customer expectations, maximize sales and revenue, and deliver a positive customer experience. The preparation must have an omnichannel focus. It starts with digital realms such as ensuring your website can handle the influx of visitors in the weeks leading up to the new year as well as the months following. But for most retailers, the key factor will be how well they prepare brick-and-mortar stores for increased inventory and foot traffic.

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Spotlight

KUKA Robotics

KUKA AG is an internationally active company with sales of around 3.5 billion euro. Every day, roughly 14,200 KUKA employees at our headquarters in Augsburg and around the world work to ensure that we remain one of the world’s leading suppliers of intelligent automation solutions. Our international customers come from, among other sectors, the automotive industry and general industry. KUKA offers you everything from a single source: from the individual components to fully automated systems.

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