retail technology prediction
8 retail technology predictions for 2017
Shoppers opened their pocketbooks wide over the holidays in 2016, pushing retail growth estimates (the Wall Street Journal reported the fastest growth rate since 2005) and consumer confidence to new heights -- with ecommerce a particular bright spot with over $110 billion in sales, according to Forrester Research. Technology contributed mightily to that retail success, at every stage and angle of the shopping journey, both in brick-and-mortar stores and online -- from browsing, point-of-sale and shipping to checkout, supply chain, payments and much more. That won't change in 2017, as top retailers have already long-planned their technology priorities for the coming year. With a smartphone in every pocket and the expansion of advanced barcodes and imaging technologies for scanning products, faster alternative checkout methods will continue to grow across the retail sector, says Tony Rodriguez, CTO of digital identification solutions provider Digimarc. "Sam's Club already offers in-aisle checkout, while Amazon gained attention for its vision of grocery shopping sans checkout lines, so anticipate that other grocers and retailers will seek shortcuts for shoppers that they hope will breed brand loyalty," he says.