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Significance of New Age Retail Store Solutions
 

Significance of New Age Retail Store Solutions

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With the mobile and eCommerce shopping being on an increasing spree, the retail stores too are working towards becoming an essential point of consumer experience.

With the mobile and eCommerce shopping being on an increasing spree, the retail stores too are working towards becoming an essential point of consumer experience.

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    Significance of New Age Retail Store Solutions Significance of New Age Retail Store Solutions Document Transcript

    • Significance of New Age Retail Store Solutions With the mobile and eCommerce shopping being on an increasing spree, the retail stores too are working towards becoming an essential point of consumer experience. With regards to multi-channel retail platform, the stores respond as the command centers for customer interaction and fulfillment implementation. With consumer shopping preferences changing owing to retail channel boundaries, the retailers are responding with appropriate store-level system adjustments that accommodates multi- channel expectations. The retail store system expansions need to leverage applications and enable the trends that are significant to the store. Internet is expanding at a faster spree allowing online trade and commerce to boom. Simultaneously, the shopping and buying patterns without concerning the channel, ever growing phenomena of “omni- channel” shoppers is placing the traditional operational channels to oblivion. By using a Smartphone today a user can simply check a product price of a selected brand and other market players and is also impacted by the ongoing contact with social mediums. Therefore, the retail store point-of-service needs to allow conversion directly from online shopping to the store purchasing, thereby creating a streamlined experience that provides the consumer with a reason to purchase from a selected brand than other market players. Majority of retailers today are looking out for new age retail store solutions for expanding the reach of their products and services and products internationally. Without having the correct solutions, managing global expansion becomes a challenge that might make retailers to lose their focus on other essential objectives. To address this situation, companies specializing in product lifecycle services have come up with retail store solutions having expertise in the following areas: Digital signage · In-store product demo kiosks · In-store targeted advertising Payment solutions · POS terminal firmware & software · Loyalty & rewards systems · Mobile payment solutions · Mobile wallets & NFC payment apps · Invoicing software Supply chain management · Barcode printing & scanning solutions · RFID asset management solutions · LBS apps for fleet vehicles Advanced service providers of retail store solutions successfully collaborate with retailers and other service providers to develop new age products that enhance payment processing functions, logistic management along with in-store consumer experience. Selected service providers have also set up loyalty and rewards systems to enable retailers to retain their customer base and the barcode scanners that will help the warehouse attendants to manage their inventories. Check out - financial software services, enterprise software solutions