Business Shorts: Scotland's Retail Industry

| January 30, 2020

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For our next Business Shorts episode, we've looked at Scotland's retail sector. In order to thrive and survive in 2020, retailers have had to diversify by investing in new technology, making the right hiring decisions and improving logistics. This is where our experienced advisers at Business Gateway can help you and your retail business.

Spotlight

Chain Store Age

Chain Store Age is the monthly news magazine covering in all major segments of retailing: home centers, supermarkets, drug chains, specialty stores, discount, convenience and department stores. It delivers a wealth of information on retailing trends and the forces behind them, with regular sections covering: store planning and design, facilities maintenance, loss prevention and risk management, finance, real estate, operations, supply chain, retail technology, marketing and human resources.

OTHER ARTICLES

Which Stores in the United States Have Closed Due to Coronavirus?

Article | March 17, 2020

In case you have been living under a rock, major US retail stores have announced they are closing or limiting their store hours to prevent the spread of the Coronavirus here in the United States. Besides almost every state closing restaurants, bars, gym’s, and theaters, you also have big companies trying to protect citizens from the Coronavirus crisis and protect public health. Walmart has taken steps to reduce hours after several major retailers have chosen to fully close physical store operations after there have been several confirmed cases in the country and they continue to rise. Major retailers Glossier and Patagonia both announced a temporary closure, prompting popular stores such as Abercrombie & Fitch, Nike, and Urban Outfitters to follow their lead.

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Top 6 Best Retail POS Systems For 2020

Article | March 17, 2020

A retail POS system is a system that includes customer display, barcode scanner, receipt printer, cash drawer, monitor, computer, and debit/credit card reader. POS systems offer the functionalities of CRM to interact with the customers or integration with an existing CRM system, sending of email & text messages, loyalty reward program, updating contact records, and functions for setting an appointment.

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What are the biggest barriers to AI adoption for retailers?

Article | March 17, 2020

According to KPMG’s “Living in an AI World 2020 Report,” retailers have some optimism, some skepticism and some pessimism about how artificial intelligence (AI) will impact the industry. The study explored how 751 insiders across five industries, including retail, view the future of AI in their sectors. On the downside, 64 percent of retail insiders agreed that the use of AI to help businesses is more hype than reality right now. The study also identified numerous challenges retailers believe they face in capitalizing on AI’s potential: AI readiness: Just 43 percent of retail respondents believe their employees are prepared for AI adoption. Relatedly, only 52 percent say their companies offer any type of AI training.

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How AI is changing the face of modern web design for retailers

Article | March 17, 2020

Consumers take just 50 milliseconds to decide whether your website is worth staying on. It's therefore important for websites to be of high-quality in order to make sales. For online retailers, items need to be presented in an enticing way that convinces customers to buy. Web design plays an important role in this. While a website needs to appeal aesthetically, it also needs to provide a simple user experience from landing on the page through to purchase.

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Spotlight

Chain Store Age

Chain Store Age is the monthly news magazine covering in all major segments of retailing: home centers, supermarkets, drug chains, specialty stores, discount, convenience and department stores. It delivers a wealth of information on retailing trends and the forces behind them, with regular sections covering: store planning and design, facilities maintenance, loss prevention and risk management, finance, real estate, operations, supply chain, retail technology, marketing and human resources.

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