Try before you buy! An age old slogan and method for sales that has served the retail industry well. But at what is the price retailers have to pay to keep pace with modern online shoppers?
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.
Legacy systems in retail: How to overcome, compete and thrive
Aug 23, 2023
It is high time retailers modernise their software to optimise their operations and offer end-to-end Customer Experience, writes Lindsay Lucas, CEO, Software Solved.
Post-pandemic and inflationary pressures on supply chain see 82% of shoppers experience out-of-stocks, up +11% YOY
Aug 23, 2023
With retailers facing continued supply chain disruption – from the long shadow of covid-19 to Russia’s war on Ukraine and climate change – shoppers are reporting increased levels of out-of-stock products, according to the latest data from Retail Insight, the provider of store operations execution software.
Established vendors and new entrants compete in buoyant self-checkout market
Aug 21, 2023
2022 was the second highest year of activity in the global self-checkout market, according to a brand-new report from RBR Data Services, a division of Datos Insights. Global EPOS and Self-Checkout 2023 shows that with an ever-wider range of retailers embracing the technology, competition in the market remains fierce.
PPDS partners with Grassfish to deliver ‘outstanding’ retail experiences on Philips Tableaux displays
Aug 15, 2023
PPDS, provider of Philips professional displays and complementary solutions, has announced its latest solution evolution with Grassfish – the In-store Experience Management platform provider – delivering a range of experience-enhancing features and opportunities for retailers on Philips Tableaux ePaper displays.
EMVCo reports nearly 13 billion EMV chip cards in global circulation
Aug 15, 2023
Data published by EMVCo shows that at the end of 2022, 12.8 billion EMV Chip cards were in global circulation – a 7% increase compared to the previous twelve months. EMVCo data also shows that 69% of all issued cards are EMV-enabled and 93% of all card-present transactions conducted globally used EMV Chip technology.
The different delivery requirements across age groups – what to know
Aug 14, 2023
Today, retailers are increasingly appreciating that the buying behaviour of their customers varies from consumer to consumer, and is much more complex than it has ever been before.
Chelsea Peers boosts PJ purchases by personalising the online shopping experience for curve customers
Aug 09, 2023
Online loungewear and sleepwear brand, Chelsea Peers, has more than doubled the likelihood that shoppers of its ‘all pyjamas’ and ‘long pyjamas’ collections will make a purchase when they land on category pages. The retailer is using Nosto’s Commerce Experience Platform to tailor the shopping experience to customers looking for curve and maternity PJs.
CloudSponge and Gather announce partnership to fuel word-of-mouth growth for e-commerce websites
Aug 03, 2023
CloudSponge, a tool that provides stable, secure, maintenance-free integration with dozens of address books, has partnered with P2P advertising automation platform Gather to accelerate e-commerce referrals. By combining CloudSponge's Contact Picker with Gather's personalised messaging, attribution, and reward distribution capabilities, e-commerce website owners now have a word-of-mouth tool to simplify the referral sharing process.
Luxury watch platform CHRONEXT builds engaging mobile e-commerce experiences with Storyblok’s CMS
Aug 02, 2023
Storyblok, the content management system (CMS) solutions provider, was used by luxury watch platform CHRONEXT to help redefine the brand’s customer experience through development of an iOS mobile app that enables its marketers and developers to create customised user journeys.
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.
