Introducing the new AKVP electric expansion valve for food retail applications

| May 29, 2019

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The Danfoss AKVP is an electric expansion valve ideal for use in food retail refrigeration applications. The AKVP valve delivers a number of advantages to ensure food safety and reduce operating expenses, including maintenance and energy costs.

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Retail Toolkit

Retail Toolkit is a retail analytics and forecasting solution for specialty retailers that drives profitable decision-making. RTK helps retailers analyze, forecast, and optimize areas of greatest expenditure to drive their businesses to the next level. The solution natively supports single and multi-location retailers, with convenient options to view individual locations or enterprise-wide rollups.

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Retail technology innovation hub

Article | April 6, 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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How PWAs Empower Retailers to Exceed Customer Expectations

Article | April 6, 2020

If you can blink twice before a retail website or app loads, it’s likely that brand is losing potential customers in those seemingly fleeting moments. According to Google data, mobile page speeds take an average of 15 seconds to load. That number could have serious consequences when you consider that Akamai’s The State of Online Retail Performance study found 53 percent of mobile site visitors leave a page if it takes longer than three seconds to load. For retailers, a one-second delay in mobile load times can impact conversion rates by up to 20 percent. The longer the load time, the higher the bounce rate, and the less time a shopper will spend on a retailer’s website and/or app. This means retailers are losing the opportunity to expose shoppers to more merchandise and ultimately convert those visitors into buyers.

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Retail's secret weapon: Order fulfillment optimization

Article | April 6, 2020

The start of a new year is the perfect time to reflect on the past and prepare for the future. While holiday 2019 was another record year for retail sales, brands faced some serious challenges when it came to a shortened shopping window and the ever-growing consumer expectations around timely, accurate, and convenient deliveries (and returns). Some may believe these woes to be behind us now that the holidays are over, but the potential for spikes in product demands remains throughout 2020 leading into next year's holiday season. And if history has shown us anything, it's that now is the time for retailers to implement the right processes and technologies that ensure seamless and positive customer experiences, or risk ongoing negative impacts to the bottom line.

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Factories shift operations in scramble to restock supermarket shelves

Article | April 6, 2020

With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as scented bleach in order to speed up production of more basic merchandise that is in high demand. Brick-and-mortar retailers have warned that hoarding toilet paper, cleaning supplies and food staples was fueling shortages. Amazon.com (AMZN.O), the biggest online retailer, said it sold out of many household staples after orders spiked. As the fast-spreading coronavirus continues to alarm consumers across Europe and the United States, Trump held a phone call on Sunday with 30 executives from grocery stores including Amazon.com’s Whole Foods, Target Corp (TGT.N), Costco Wholesale Corp (COST.O) and Walmart Inc (WMT.N). Trump Administration official Larry Kudlow assured television news viewers that U.S. supply lines were “working pretty well.”

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Spotlight

Retail Toolkit

Retail Toolkit is a retail analytics and forecasting solution for specialty retailers that drives profitable decision-making. RTK helps retailers analyze, forecast, and optimize areas of greatest expenditure to drive their businesses to the next level. The solution natively supports single and multi-location retailers, with convenient options to view individual locations or enterprise-wide rollups.

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