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With the Retail landscape changing drastically and Retailers having to change the way they use technology to attract and retain customers, become lean and efficient whilst staying competitive and pushing boundaries … we have to congratulate those that are successful. The Shoprite Group of Companies are definitely one of the leaders in using technology to their advantage. Interesting article and food for thought. Is it the fast pace at which the world and technology is changing or did Covid enable a lot of these changes and different thinking? Sometimes you need a catalyst to push the boundaries and create the momentum to change. Your thoughts? https://lnkd.in/dzJKUzsM #retailexcellence #retailtechnology #retailinnovation

Unlocking the Future: Get deep insights and explore the Retail Predictions for 2024. Discover the trends shaping the retail landscape and how businesses can stay ahead of the curve. #retailfuture #customerexperience #retail #digitization #generatieveai #immersiveretail #computervision #artificialintelligence #autonomouscheckout Source: CGT - Consumer Goods Technology

Retailers plan to bump up their tech spending by 34% over the next three years, particularly in automation, analytics and AI. And executives with backgrounds in tech are increasingly taking seats in more retail C-suites. In this piece by Maria Monteros, we speak to Sky Canaves of Insider Intelligence, and Shannon Flanagan of Talkdesk. #retail #tech

As retail continues to evolve Here are some important trends we are noticing... 1. Sustainability Practices: Consumers are demanding real eco-actions, not just words. Transparency in sustainability efforts is key. Small businesses have an edge here, with their closer supply chain connections and genuine green initiatives. Retailers need to think beyond traditional materials and designs, exploring innovative, sustainable solutions that reduce environmental impact and resonate with eco-conscious consumers. 2. Integration of AI Technologies: The rise of Artificial Intelligence offers a chance to revolutionize in-store experiences. Retailers should consider how AI can be used to create more interactive, engaging displays that offer personalized experiences to shoppers. The challenge lies in seamlessly integrating technology in a way that enhances, rather than detracts from, the human element of shopping. 3. Leveraging Social Commerce Trends: As the lines between social media and shopping blur, there's a significant opportunity to extend the social commerce experience into physical stores. This could involve incorporating elements that encourage social interaction within displays, such as QR codes linking to social content or interactive screens that bring the online community into the store to try out the product. 4. Fostering Personalized Connections: The move towards personalized marketing is well-established online, but there's ample room for growth in physical retail spaces. Retailers should explore ways to use data and technology to offer more personalized in-store experiences. For business focused on retail, the message is clear: the future of in-store displays lies in sustainability, technology integration, social commerce, and personalization. Embracing these trends can set the stage for a more dynamic, responsive retail environment that meets the needs of the modern shopper. If you would like to discuss further how LYNX can help your business adapt, reach out to Candace Kubicek. #RetailTrends2024 #Sustainability #ArtificialIntelligence #SocialCommerce #Personalization #RetailInnovation

🚀 Ready to Transform Your Retail Journey? Dive into the Untold Story of AI in Supply Chain Management! 🌐 #RetailRevolution #AIAdvantage 🔍 Point 1: Say Goodbye to Guesswork 🎯 No more crystal balls needed! AI predicts what your customers want, so you can stock up on the good stuff and kiss overstock goodbye. 📊✨ 📦 Point 2: Smart Logistics, Faster Deliveries 🚚 With AI, your products find the express lane! Real-time tracking and optimized routes mean your goods get to customers faster than a superhero on caffeine. ⚡👩🚀 💡 Point 3: No More Downtime Drama 🛠️ Predictive maintenance with AI keeps your machinery in check. Say adiós to unexpected breakdowns, and hello to a smooth-running supply chain. 🤖🔧 🛡️ Point 4: Risk Management, Superhero Style 💪 AI identifies potential risks before they become nightmares. It's like having a superhero watching over your supply chain, capes optional. 🦸♂️🦸♀️ 💰 Point 5: Count Your Savings 🤑 AI isn’t just smart; it's budget-savvy too! Save costs, boost efficiency, and watch your bottom line do a victory dance. Cha-ching! 💼💃 🌟 Point 6: Real Stories, Real Success 🌐 See how other retail rockstars embraced AI and turned their supply chains into legends. Real stories, real success – the proof is in the pudding! 🍰📈 🤩 Ready for the Retail Revolution? Click 'See More' to Discover Your Competitive Edge with AI! 👇 #AIGameChanger #RetailInnovation https://buff.ly/3tybeUf #retail #wholesale #fashion #shopping #business #design #retaildesign #onlineshopping #marketing #visualmerchandising #smallbusiness #ecommerce #shop #interiordesign #shoplocal #style #sale #covid

If you take a deep dive into retail innovation – it's clear we're at a crossroads. In this article with The Drum, I discuss how retailers can break down internal barriers, prioritize customer behavior and ROI, and champion tech initiatives, like Gen AI, to reignite the retail revolution. @TheDrumNetwork @TheDrumMag #TheDrumNetwork Rightpoint

Retailers’ profits are squeezed by challenging factors like reduced consumer spending, shrinkage, and rising operational costs. According to #Gartner ’s research “Top Retail CIO Technology Trends for Increasing Customer Centricity in 2024”, here are top #retail technology trends to identify technology opportunities to improve net profit margin and increase profitability through unified retail commerce execution: ·    New business models such as #retailmedianetworks (RMNs), and recommerce capabilities are unlocking new revenue growth in a challenging economic environment. ·    Generative AI (#GenAI) is transforming the customer experience through enhanced search, upselling and best-fit apparel technology. By 2027, 90% of Tier 1 retailers will successfully execute at least one business transforming GenAI use case. ·    #Artificialintelligence (#AI)-powered technologies for #merchandising or #workforce management can overhaul manual, repetitive business processes to transform merchandising operations and fuel frontline knowledge work. To move from engagement to increase customer profitability, retailers are looking to implement relevant AI-led merchandising solutions to target customer #behaviouralsegments with meaningful and #personalizedoffers. ·   Customer adoption of #digitalpayment methods for online purchases is driving digital payments’ adoption in physical stores.

In the ever-evolving retail landscape, the need for innovation has never been more critical. Retailers are no longer just selling products; they are crafting experiences. AI emerges as a visionary force reshaping the customer journey and propelling the retail ecosystem to unprecedented heights. Why choose DaveAI as your AI-driven retail innovation partner? 1️⃣ We collaborate closely with our customers to develop tailored strategies that align seamlessly. 2️⃣ We remain at the forefront of technological advancements and industry trends. 3️⃣ Our hassle-free implementation process integrates seamlessly with any infrastructure, minimizing disruptions and ensuring a smooth transition. 4️⃣ We deliver measurable results and tangible business outcomes. 5️⃣ Our commitment extends beyond implementation, We provide ongoing support and assistance ensuring our customers are fully supported throughout their journey with us. Join the ranks of leading retail brands that trust us! https://lnkd.in/gVgUGSdU #retail #retailindustry #techtrends2024 #retailrevolution #FutureofRetail

Continuous transformations are reshaping the retail sector, driven by evolving customer demands and the rapid progression of cutting-edge technologies. Discover the transformative technology trends reshaping the retail industry in 2024. #retail #artificialintelligence #inventorymanagement #generativeai #datanalytics #customerexperience #selfcheckout #frictionlesscheckout Source: MobiDev