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By Derek Peterson, Boingo Wireless A retail renaissance is upon us, driven by a shift in economics, competition and exponential advancement in technology, per a new report from Deloitte. Mobile has emerged as the crown jewel fueling the resurgence, as digital devices are now central to the in-store shopping experience.
Store management and paymentprocessing – the two functions that pretty sum up what you should expect from a POS system. Retailers worldwide are seemingly excited about the prospects of this revolutionary approach. But, here’s the thing. Choosing the best POS system, sadly, is not that easy. Shopify Pricing Details.
While a whopping 84% of e-Commerce and pure-play retailers consider themselves to be thriving , only 40% of specialtyretailers, 35% of big boxes, 25% of discount stores, and 17% of department stores claim to be. The retail bar has been re-set, and there are new table stakes. Expand POS to include mobilepayments.
Profitability Tracking: Monitor profit margins and identify areas for cost-saving and revenue improvement. Customizable Reports: Generate customizable reports to focus on specific aspects of your business operations. Line Busting: Reduce wait times during peak hours by enabling staff to process transactions anywhere in the store.
But in a store, no network means no transactions, loss of revenue and very unhappy customers. iVend recognises this and our retail management software uses what is called a hybrid cloud approach, which is the perfect solution for retail 1.
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