Retail Archives

How ScanWatch uses Artificial Intelligence to Prevent Food Theft at the Self-Checkout Counters

April 12, 2023 Artificial Intelligence

Retail Theft Gets Smarter And So Must Retail Security: ScanWatch CEO on the Rise of “Everyday Shoplifters”

In the midst of the COVID pandemic, retail changed in a fortnight. Extra safety precautions, panic buying, fights over the last toilet paper rolls and understaffed stores – this is the new grocer reality! In these difficult times retailers are turning to AI solutions to support operational continuity.

Shoplifters Target Self-Checkout Registers Amid Soaring Inflation

December 09, 2022 Artificial Intelligence

AI Takes on Food Theft: How Retailers Are Using Technology to Fight Rising Shoplifting in Europe

In the midst of the COVID pandemic, retail changed in a fortnight. Extra safety precautions, panic buying, fights over the last toilet paper rolls and understaffed stores – this is the new grocer reality! In these difficult times retailers are turning to AI solutions to support operational continuity.

EasyFlow and Agmis partners with NXGen Technology to build the store of the future

April 01, 2022 Artificial Intelligence

Welcome to Retail in 2030: How EasyFlow and NXGEN Are Transforming the Future of Brick-and-Mortar Stores

In the midst of the COVID pandemic, retail changed in a fortnight. Extra safety precautions, panic buying, fights over the last toilet paper rolls and understaffed stores – this is the new grocer reality! In these difficult times retailers are turning to AI solutions to support operational continuity.

October 19, 2021 Business

AI RetailTech Startup ScanWatch Closes €0.5M Seed Round To Transform Store Checkout

In the midst of the COVID pandemic, retail changed in a fortnight. Extra safety precautions, panic buying, fights over the last toilet paper rolls and understaffed stores – this is the new grocer reality! In these difficult times retailers are turning to AI solutions to support operational continuity.

April 10, 2020 Artificial Intelligence

How AI video analytics help manage retail operations during the COVID-19 outbreak?

In the midst of the COVID pandemic, retail changed in a fortnight. Extra safety precautions, panic buying, fights over the last toilet paper rolls and understaffed stores – this is the new grocer reality! In these difficult times retailers are turning to AI solutions to support operational continuity.

Next generation retail analytics improve on shelf availability.

October 27, 2017 Business

Next generation retail analytics: how to improve on shelf availability

On shelf availability (OSA) estimates the time and percentage a product is available for sale to customers on a store shelf. It is one of the key performance indicators for fast moving consumer goods analytics. The metric has direct correlation with out of stock rate and its impact can be measured by sales volume lost compared to actual sales.

Introducing Computer Vision powered Queue Management Platform.

October 27, 2017 Artificial Intelligence

AI Queue Management System: How to Handle Long Lines of Customers at Supermarkets

Nobody likes waiting in lines. According to research, people spend from 3 to 5 days per year queuing up. That might add up to 6 months of waiting for things during a person’s lifetime! Long queues at the supermarket cause shopper fatigue, decrease customer experience and result in shopping cart abandonment.

Solutions on how a sore can increase sales using Retail Shelf Analytics.

October 27, 2017 Artificial Intelligence

Confessions of a Store Manager: How I Increased My Store Sales with Retail Shelf Analytics

In my 20+ years in retail I learned one thing: retail loves precision! Retail managers are obsessed with key metrics: sales per square foot, average transaction value, year on year sales and many more to evaluate your store performance. However, there is a key problem with this approach - the tracking is done on the store level. Sure, you can compare performance with other stores. But it gives little insight on what needs to be changed to improve performance.

October 27, 2017 Artificial Intelligence

Retail Footfall Analytics: Tips for Crafting a Perfect In-Store Experience

The age of perfect customer experience is upon us. Although many shoppers turned online, physical stores are still the best way to convey the brand's message and present your products. Top level brands invest a lot into carefully crafted ‘retail experiences’. So why does shopping at an Apple store or Nike shop makes you feel good?

The cashier-less automated and Computer Vision powered store is a glimpse at the future.

October 27, 2017 Artificial Intelligence

Computer Vision in Retail: Why Brick and Mortar Retailing is Making a Comeback

With closure of several big box and department store chains, it became all too familiar to call brick and mortar retailing doomed. But despite a paradigm shift towards e-commerce, online retailing is still dwarfed by sales numbers from physical stores.

Category: Retail