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Mobile payments, e-commerce and digital advertising are the most commonly used terms relating to retail technology. New developments in logistics, payment processing and the buying process itself are helping consumers in every aspect.
However retail sales in the U.S. have been slow in the month of April. “Economists surveyed by Bloomberg News had expected a 0.4% increase in April. The muted growth comes after poor winter weather led to choppy retail sales early in 2014. Automakers and brick-and-mortar retailers broadly lamented severe storms that led to weaker traffic at their showrooms and stores.”
We are banking on these three new retail technology advances to jump-start the slumping sales.
Technology has always been about streamlining the process of innovation and convenience. These examples enable customers to have an easier buying process from choosing the merchandise to buying and delivery.
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