Sears is opening a connected solutions flagship store in San Bruno, California, the heart of Silicon Valley. The showroom features a living room, kitchen, nursery, workout room, garage and outdoor area so shoppers can try IoT technology firsthand. Simultaneously, the retailer is expanding its selection of smart technology products in stores across the country.
New research is out that shows 75 percent of retailers will not be in compliance with EMV chip cards by the October liability shift deadline, which is now three months away. This percentage is higher than in previous studies and comes shortly after the publication of a white paper from the EMV Migration Forum explaining the liability shift.
Home Depot's $1 billion growth in online sales last year—totaling $3.5 billion on the Web—was largely due to the home improvement chain's effective use of its stores.
Walmart is out to improve the quality of product information available to consumers on the Internet—particularly from social media sources—with a supplier data collection program that will launch later this year.
As more merchants master the art of omnichannel retailing, they benefit from a new phenomenon called 'reverse retailing,' or intentional showrooming. However, this has led to an increase in online security problems.
Item-level radio frequency identification tags used for inventory control can deliver significant revenue uplift and double-digit return on investment depending on the category in which they are used.
Walmart is testing a new invisible barcode technology that could speed up the checkout process by 50 percent and help eliminate long lines.
Change or become obsolete. Those are the only two choices facing retailers as the result of rapid and extensive technological advances affecting everything from the supply chain to shopper purchasing behavior.
Mobile point-of-sale systems are intended to roam free, meeting and checking out customers wherever they may be, but many merchants are anchoring the devices to the counter as a replacement for traditional POS terminals.
The acquisition of 1,660 Target pharmacies this month by CVS raises significant data security questions, privacy issues and possible HIPAA conflicts.
Kroger is piloting an e-commerce site for natural and organic products in its Colorado-based King Soopers division, then will evaluate the test for a possible rollout to other markets.
An old technology is solving the vexing problem of inventory management in omnichannel environments: radio frequency identification. The result is big market growth for RFID and a big ROI for retailers implementing it.
Apple Pay is DOA. Samsung Pay is delayed. CurrentC won't even get that far. EMV has negative ROI. Those are just a few of the story lines of the past few weeks. All seem to ignore one important point: this is very new stuff.
The emergence of a new wave of 'buy' buttons will help social media platforms like Facebook and Pinterest become game changers in the eyes of retailers—they greatly increase the 1.5 percent of web traffic now flowing from social to merchants.
For some, crime does pay—at least for now. Point-of-sale hackers reap an estimated 1,425 percent return on investment for their exploit kit and ransomware schemes.