A recent comprehensive study by flyers-on-line.com delves deep into these compelling questions by analyzing eCommerce markets across the globe. China emerges as the undisputed leader, with a market value of $779.858 billion in 2022, predominantly driven by the electronics sector. This is projected to more than double, soaring to approximately $1.73 trillion by 2027.
Retail Technology, EPoS, Retail Supply Chain, e-Commerce
A point-of-sale (POS) system is a software and hardware system that allows businesses to process payments, manage inventory, and track sales. POS systems can be used in a variety of industries, including retail, hospitality, and healthcare. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer and software. Retail Technology articles related to retail systems, retail technology, Point-of-Sale (POS),Electronic Point-of-sale (EPOS), mPOS, wireless communication, store networks and Wi-Fi, mobile commerce, eCommerce, reporting & analytics,shipping and fulfilment,labour productivity, order management and retail supply chain management.
Everybody wants to be a Creator: Creator Commerce Platform, LTK, sees 70% spike in applications in the UK
Jan 02, 2024
LTK, the platform that powers Creator Commerce, empowers hundreds of thousands of creators to maximise their income by monetising their content and connecting them to global brand partnerships, has announced a significant 70% increase in UK creators applying to the platform over the past year.
Visix optimises user experience with AxisTV Signage Suite v.1.74 release
Dec 13, 2023
Visix, Inc. has released version 1.74 of its AxisTV Signage Suite digital signage software. This latest update provides new widget options, automatic player updates, faster load and sync times, more intuitive scheduling workflows and other updates for a better user experience.The AxisTV Signage Suite CMS has had an overhaul with renamed and repositioned buttons to make content scheduling faster and more intuitive.
Highly competitive landscape for new POS software projects
Dec 13, 2023
Competition between vendors to provide POS software remains fierce, with more than 125 suppliers working with major retail and hospitality chains, according to Global POS Software 2023, the latest study from strategic research and consulting firm RBR Data Services, a division of Datos Insights.There were more than 390,000 new POS software installations in the year to June 2023 as a result of both market expansion and through a change of software supplier on existing devices.
Ergonomic Solutions appoints Westcoast as exclusive distribution partner for digital signage in the UK and Ireland
Dec 07, 2023
Ergonomic Solutions has appointed Westcoast Ltd as its exclusive distribution partner for digital signage in the UK and Ireland, bringing a new level of synergy to its digital signage solutions. Ergonomic Solutions maintains that the high street is more competitive than ever, and retail is providing an ever-increasing amount of functionality to its portfolio.
Preparing for peak season precision
Dec 07, 2023
Preparing for the rise and fall in demand around peak season shopping is nothing new to retailers – certainly not for pure-play e-commerce brands who are reliant on what is often a single, make-or-break, touchpoint with their consumer audience: the point of order fulfilment.
Avery Dennison completes acquisition of Silver Crystal Group
Nov 29, 2023
Avery Dennison has completed the acquisition of Silver Crystal Group, an established player in sports apparel customisation and application across in-venue, direct-to-business and e-commerce platforms.
The price of slow websites: businesses could be missing out on up to £28.4 billion this Christmas
Nov 29, 2023
Online operations are the backbone for thousands of businesses both large and small in the UK, especially around the holiday season, withonline spending predicted to hit £24.1 billion between 1st November and 31st December, according to the Adobe Digital Economy Index.
Artificial intelligence brings online shops sales increases of 11 percent and more
Nov 27, 2023
A study by FactFinder shows the importance of AI in European e-commerce in 2023. In the areas of search, merchandising and personalisation, the use of the new technology leads to the largest increases in sales for webshops on average.
Christmas 2023 consumer trend predictions
Nov 27, 2023
Dee Set Group CEO, Greg Phillips, shares valuable retail insight as we continue through Q4. Families may have less to spend this Christmas than previous years, but that won’t affect the amount of people having turkey dinners. You could argue that more people will eat out less so they can save money to make Christmas special at home.
Point-of-Sale (POS)
POS systems can be a valuable tool for businesses of all sizes. They can help businesses to improve efficiency, increase sales, and provide better customer service.
A point-of-sale (POS) system is a software and hardware system that allows a merchant to process payments and manage sales. A POS system typically includes a cash register, a barcode scanner, a receipt printer, and a customer display. It may also include other features such as inventory management, customer loyalty programs, and gift card processing.
POS systems can be used in a variety of businesses, including retail stores, restaurants, and service businesses. They can help businesses to improve their efficiency, track their sales, and provide better customer service.
There are four main types of POS systems:
- Legacy POS systems are the traditional type of POS system. They are typically based on a Windows or Linux operating system and use a custom-built software application.
- Tablet-based POS systems are a newer type of POS system that uses a tablet computer as the main interface. These systems are typically cloud-based and can be accessed from any device with an internet connection.
- Mobile POS systems are a type of POS system that uses a mobile device, such as a smartphone or tablet, as the main interface. These systems are typically used by businesses that need to be able to process payments on the go.
- Cloud-based POS systems are a type of POS system that is hosted on a cloud server. These systems are typically accessed through a web browser and can be used from any device with an internet connection.
Electronic Point-of-sale (EPOS)
Electronic Point-of-Sale (EPOS) is a system that uses electronic devices to process customer transactions in a retail outlet. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer, and software. They are often used in retail stores, restaurants, hotels, and other service-oriented businesses.
EPOS systems offer a number of advantages over traditional cash registers, including:
- Increased speed and efficiency: EPOS systems can process transactions much faster than cash registers, which can lead to shorter lines and happier customers.
- Improved data accuracy: EPOS systems can help businesses to track sales, inventory, and customer data more accurately. This information can be used to make better business decisions, such as which products to stock or how to allocate resources.
- Enhanced customer service: EPOS systems can help businesses to provide better customer service by allowing them to track customer preferences and loyalty programs.
