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Describing radio frequency identification labels as a "learning tool," Peltz Shoes has stopped using the technology, primarily because of high costs related to the passive tags, and changed to a barcode system.
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 (photo courtesy of GS1).
An old killer app rides again. Radio frequency identification will become a key component of the Internet of Things because it bridges the physical and digital worlds, enabling the identification of objects and linking them to the internet.
The explosive growth of digital technology is compelling retail CIOs to embrace mobile and cloud mediums. Most retailers operate about 60 percent of their systems in the cloud, and others hope to increase that figure to 90 percent soon.
On average, retailers are only displaying about 80 percent of their store's merchandise on the showroom floor. That means at least 20 percent of a store's goods can't be sold because they can't be seen.