Pound hits new 37-year low as retail sales slide

Image Source: Exchange Rates After data revealed that UK retail sales plunged significantly in August as the rise in the cost of living continued to affect consumers, the pound dropped to a 37-year low against the US dollar. The 1.6% larger-than-anticipated decline in sales volumes raised further worries about the status of the economy. August […]

Benefits of Handheld Mobile Computers in Apparel and Footwear Retail

Benefits of Handheld Mobile Computers in Apparel and Footwear Retail

The ever-advancing technological world has made its mark in what we call “smart” apparel and footwear stores as its boom intimidate the retail industry once again. The apparel and footwear retail have been fairly overwhelming to manage with innumerable constraints like lack of cashiers, time-consuming payment methods, inefficient inventory management, incompetent ERP systems, bothersome exchange, […]

How Serious is the Talk of a Retail Apocalypse?

This week, Netflix released a documentary about the retail clothing store Abercrombie & Fitch. A notable part of the documentary that has already reached meme status was an interviewee’s explanation of what a mall was. He described the one-time retail meccas as, “sort of a search engine you could walk through,” or, “an online catalog […]

How Advanced Algorithms Transform the Retail Industry

How Advanced Algorithms Transform the Retail Industry

Artificial intelligence (AI) is the simulation of the human mind by computers. In the past we could see such technology only in films, but today it is becoming more a reality. Moreover, AI can automate the area of trade. Retail stores are increasingly moving from basic sensor computers to smart systems: talking robots and intelligent […]