Creating customer experiences in retail with Migros and Netconomy at NRF 2020

| January 13, 2020

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Migros and Netconomy highlight the SAP technology behind their innovative approach to create exceptional in-store customer experiences.

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Mobile Payments Conference

To be the global intersection of Fintech industry experts and analysts - where connections are built to bring clarity to the world of mobile technology and payments. Disruptive technology will eventually affect every industry and business leaders must stay on top of new, emerging, and future digital technologies or risk falling behind. Mobile Payments Conference offers comprehensive training and networking with world class experts in the Mobile Payments, FinTech and Cybersecurity industries.

OTHER ARTICLES

Retail Sales See Record-Breaking Drop, and More COVID-19 News

Article | April 15, 2020

Here are the latest stories to emerge as retailers and brands deal with the impact that the global spread of the coronavirus has had on their businesses. This daily update offers retail executives the chance to stay-up-to-date on all that's happening within the retail industry, particularly as they put into motion their own COVID-19 response plans. Retail sales saw their biggest monthly drop on record during March 2020 as the COVID-19 pandemic forced many retailers to temporarily close across the nation, the National Retail Federation reported. However, grocery store sales climbed, as well as sales from other "essential" retailers, offsetting some of the decline.

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Can AI give retail a boost?

Article | April 15, 2020

The retail industry has undergone multiple transformations during the past century, with those who adapt and innovate continuing to survive. It also helps if one is exceptionally unique. It seems that the world's consumers have gotten a little tired from having to explore multiple shopping locations to find what they want or need. But the opportunity for companies to display their branding and sway customers to buy more than they need was once considered a ground breaking idea. In the United States (US), before 1916, customers would pass their grocery list to a clerk, who would then put items together for shoppers in one bag. That all changed when Piggly Wiggly opened over 100 years ago – allowing customers to instead browse the store and collect the items by themselves in a basket.

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Retail technology innovation hub

Article | April 15, 2020

The coronavirus is having a severe impact on the retail sector. The only way to tackle future disruptions is by reducing the desire to shop in stores, and placing focus on creating a retail ecosystem that makes it easy for customers to receive and retrieve the products they want. That’s the view of former Amazon executive and supply chain consultant Brittain Ladd. In an online post, he says: “Prior to the Covid-19 pandemic, grocery retailers in the United States were focused on remodelling their stores and improving the in-store experience for customers.” “Supposed retail experts and grocery analysts argued vociferously that the only way for grocery retailers to be able to compete against Amazon, was by providing an immersive and inviting in-store experience.”

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Fashion retailers may have to write-off £15bn worth of spring and summer stock

Article | April 15, 2020

Unprecedented volumes of clothing are building up in warehouses as fashion retailers are unable to sell their spring and summer stock. The majority of physical shops in the UK remain closed under the government’s current lockdown measures, with sales of non-food items down by 70 per cent according to research by Retail Economics and Alvarez & Marsal reported by the Times. The study found that more than 50 per cent of non-food retailers in the UK will likely run out of cash in the next six months, with all major non-food retailers operating in negative cash flow at present.

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Spotlight

Mobile Payments Conference

To be the global intersection of Fintech industry experts and analysts - where connections are built to bring clarity to the world of mobile technology and payments. Disruptive technology will eventually affect every industry and business leaders must stay on top of new, emerging, and future digital technologies or risk falling behind. Mobile Payments Conference offers comprehensive training and networking with world class experts in the Mobile Payments, FinTech and Cybersecurity industries.

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