Self-checkout technology may be nothing new – but it’s hot news in retail. The global retail self-checkout market is expected to grow 10.3% year over year until 2024, Loss Prevention Media recently reported. The ideal technology for busy consumers This predicted growth isn’t surprising, if you consider some of the biggest consumer trends. 1. DIY Do-it-yourself …
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In the low-margin restaurant industry, it is essential to consistently monitor food costs. As restaurants struggle with rising price of ingredients, bottlenecks in the food supply, and limited seating availability, it’s more important than ever for businesses to optimize ingredient buying and usage, and minimize waste. A good restaurant management system will help you keep track …
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Despite the undeniable rise of online, physical retail and the experience that goes with it – going into a store and discovering new products, seeing, touching and testing them in person, trying them on, and asking a store associate for advice – remains critically important. Over the past decade, POS systems have evolved from a …
Since LS One 2020 was released in July, the LS One team has been developing extra functionality to enhance the system. They have put special focus on extending the capabilities for restaurants and food service businesses. Trident is LS Retail Central Platinum Partner, offering ERP for Retail & Hospitality. The Kitchen Display System (KDS) is …
Streamline ordering and communication with a connected Kitchen Display System (KDS) Read More »
Consumers hate standing in line at the store. This is nothing new. Nine out of ten UK shoppers interviewed by Box Technologies and Intel revealed they avoided stores with long queues. When Amazon opened its cashier-less, checkout-less store Amazon Go, many hailed it as a much-needed revolution exactly because it eliminated the need to queue to check …
How to reduce queues in your retail store and keep customers safe Read More »
Digital transformation is no longer a choice. That’s the key message from the experts who spoke at “How to build a successful restaurant experience in Covid times,” an online event organized by LS Retail and Microsoft. The panel included industry experts from Microsoft and LS Retail as well as Leon DeWet, a CIO with decades …
8 tips to build a successful restaurant experience in times of crisis and beyond Read More »
New IT installations often fail. At least that’s the widespread belief surrounding organizational change initiatives today. One frequently cited study from the 1993 book Reengineering the Corporation goes as far as saying that as many as 70% of the organizations that undertake a reengineering effort do not achieve the dramatic results they intended. A more recent McKinsey …
Why organizational change projects fail and how to prevent implementation disaster Read More »
Even if retailers have been talking about investing in omni-channel for over a decade, many still lack basic omni-channel capabilities. For example, only 5 percent of retailers can successfully give consumers the ability to start and finish a sale in their preferred channel, Luxury Daily reports. But consumers aren’t waiting for retailers to get their …
Modern consumer places a huge value on convenience. A recent report by the National Retail Federation found that 97% of consumers have backed out of a purchase just because it was inconvenient for them. And in quick service restaurants, figures show that lengthy queues can be off-putting: almost three out of four guests say they would leave …
How the self-service trend is transforming restaurants Read More »
Store closures and social distancing have caused a rise in demand for virtual tools and technologies that bring the shopping experience into consumers’ homes. Beauty brands, which were among the first to try out AI and AR to enhance the consumer experience, are increasingly using the technology to suggest products based on people’s preferences and …
How AI and AR can help retailers stay in business in moments of crisis Read More »