Retail Science - Intelligent Research for Retailers

Retail Technology More Important than Ever in 2024

Experts say in 2024 modern retail technology will no longer be a luxury. It will be a necessity that businesses of all sizes need to succeed.

There are several ways a store’s point-of-sale system (POS) can make a retailer’s holiday shopping season happier.

Because of the amount of customer data retailers collect, stores have become the No. 1 target of cybercriminals using social engineering.

Understanding the importance of inventory management can lead to greater customer satisfaction, more sales and greater retail success.

No matter if you’re just starting, expanding, or adding locations, having a retail management system that grows with you is important.

Adding a few brands of pet products is an easy way to get additional sales from existing customers and attract new shoppers.

Inventory shrink cost U.S. retailers just under $100 billion in 2022 making an investment in loss prevention technology a wise move.

Homes and businesses are lost to fires, floods, and storms every year. That’s why crisis management and disaster recovery plans are crucial.

The tools available in a modern POS system can help retailers mitigate the labor shortage by running their stores more efficiently.

Customer incentive programs are key for any retail business in creating loyal customers and attracting new shoppers.

Efficient inventory management helps stores stay on top of frequent price changes and maintain their profit margins.

Retail trends for 2023 may seem like a new car with all the latest gadgets, but the objectives really haven’t changed a lot over the years.