How Artificial Intelligence Is Boosting Retail Sales

| September 16, 2018

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Business Insider recently detailed how artificial intelligence is currently being used in retail. In fact they reported that artificial intelligence is actually helping to boost profits in the retail industry. They say Artificial Intelligence has really achieved huge sales online, because the new technology uses personalization, search and chatbots with customers. Algorithms are used to notice a person's most frequent searches, and artificial intelligence use that to advertise the right products for them. Business Insider predicts artificial intelligence will boost profitability in retail and wholesale by nearly 60% by 2035.

Spotlight

Modell's Sporting Goods

MODELL'S SPORTING GOODS is the nation's largest family-owned sporting goods chain, operating stores throughout the Northeastern United States, from New England to Northern Virginia. Modell's offers value and quality customer service together with a wide variety of sporting goods, athletic and active apparel and footwear for the entire family. Founded in 1889, we continue to grow each year through the belief that our associates and customers are our number one asset. We are committed to proving this by Listening, Respecting and Responding to the needs of our associates as well as the needs of our customers.

OTHER ARTICLES

Don’t get left on the shelf in the ecommerce evolution

Article | March 26, 2020

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POS SOLUTIONS

Getting smart about payment terminals

Article | March 26, 2020

For many years, payment terminals have been a vital tool for businesses that complete their customer transactions in-store. The familiar hand-held devices have reliably taken card payments and offered simple additional services like mobile phone top-ups, cashback or electronic tipping solutions. However, with recent technical innovation, boosted by the urgency surrounding Covid-19, the humble payment terminal is shedding its hard exterior - no longer is it, as some would argue, simply a commoditised, hardware-based necessity. As many within the payments space have predicted, the payment terminal is truly becoming a digital enabler and vital pivot point of modernisation for any business that accepts electronic transactions. The Android Operating System leads the way Today, payment terminals come in many forms. Though the traditional, handheld counter-top devices remain, many businesses now use off-the-shelf smartphones or tablets enabled with SPOC and CPOC technology. 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With hundreds of applications already available to download from the app store, it’s important that SMEs are able to use this scale of choice to their advantage rather than become overwhelmed or distracted by it. Indeed, by taking the time to explore the apps available, smaller businesses can find the tools which allow them to level the playing field by bringing their operational efficiencies in line with larger brands and by leveraging the solutions that allow them to compete on customer service.

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Spotlight

Modell's Sporting Goods

MODELL'S SPORTING GOODS is the nation's largest family-owned sporting goods chain, operating stores throughout the Northeastern United States, from New England to Northern Virginia. Modell's offers value and quality customer service together with a wide variety of sporting goods, athletic and active apparel and footwear for the entire family. Founded in 1889, we continue to grow each year through the belief that our associates and customers are our number one asset. We are committed to proving this by Listening, Respecting and Responding to the needs of our associates as well as the needs of our customers.

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