High street retailers are under pressure from online competition, but the use of video technology could benefit in-store operations and keep consumers coming into the shops. With innovations being introduced in stores such as Whole Foods installing a robotic barista in the US, video technology within the retail industry could be a positive step.
UK retailer Sports Direct has reported an increase of 160% in profit before tax from £74.4m to £193.4m year-on-year for its half-year results ending 27 October 2019, due to improved trading results and profit from the sale and leaseback of its Shirebrook campus.
Sustainability and Brexit are some of the key focuses for UK retailers leading up to the festive season this year, according to EMEA director for B2B online auction platform B-Stock Ben Whitaker. Whitaker says compared with 2018, 2019 is looking to be a ‘tough Christmas for retailers’ as product stock-piling and the upcoming general election are causes for concern in the retail industry.
British grocery e-commerce service provider Ocado Solutions has gone into partnership with Japan’s largest retailer Aeon to improve Japan’s online grocery business using the Ocado Smart Platform (OSP).
Augmented reality (AR) is “incredibly important” for retail customer engagement. This is the view of Kate Ancketill, the CEO and founder of GDR Creative Intelligence who spoke to Retail Insight Network at an event organised by software company Scandit.