Introducing The Unshakeables, a new podcast from Chase for Business and iHeartMedia's Ruby Studio. Small businesses are the heart and soul of this country, but it takes a brave individual to start and run a company of their own. From mom-and-pop coffee shops to auto-detailing garages -- no matter the type of industry you’re in, every small business owner knows that the journey is full of the unexpected. A single moment may even change the course of your business forever. Those who stand firm ...
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Revolutionizing Retail: Self-Checkouts Coming to Fitting Rooms
MP3•Головна епізоду
Manage episode 447818733 series 2106196
Вміст надано Omni Talk Retail. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Omni Talk Retail або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In this Fast Five Short sponsored by the A&M Consumer and Retail Group, Avalara, Mirakl, Ownit AI, and Ocampo Capital Chris Walton and Anne Mezzenga discuss how Marks and Spencer is pioneering the introduction of self checkouts in fitting rooms across its clothing stores, aiming to enhance the shopping experience by reducing the need for customers to queue multiple times. This initiative is set to roll out in about 100 stores by early 2028, with each changing room area expected to feature at least one self checkout. The strategy also addresses concerns about shoplifting by having staff oversee the changing rooms, ensuring customers don't leave without paying. The discussion delves into the potential challenges and innovations that come with this model, including the handling of security tags and the integration of RFID technology. As the retail landscape evolves, this move could inspire other apparel retailers to explore similar solutions, ultimately transforming the fitting room experience for consumers. Marks and Spencer's initiative to install self checkouts in fitting rooms represents a transformative approach to modern retailing, aiming to enhance both customer convenience and operational efficiency. This strategic move is not just about technological innovation; it reflects a deeper understanding of consumer behavior and the growing demand for streamlined shopping experiences. Anne outlines the specifics of the rollout, which includes the introduction of checkouts in 180 clothing stores, with the intent to roll out to 100 locations by 2028. This timeline, however, raises eyebrows as Chris questions whether such a long lead time indicates a lack of readiness for the challenges that lie ahead, including the complexities of handling security measures like tag removal and payment processing within fitting rooms. The conversation dives into the broader implications of this technology, particularly in relation to theft prevention and the overall shopping experience. Chris highlights the potential advantages of using RFID technology to monitor inventory movement more effectively, suggesting that controlled entry points could significantly reduce instances of shoplifting. The discussion also touches on the evolving role of store associates in this new checkout paradigm, emphasizing the importance of having staff present to facilitate transactions and ensure customer satisfaction. As Anne shares insights from their experiences with similar technologies in other retail environments, it becomes clear that while challenges remain, the potential benefits of self checkouts could ultimately lead to a more efficient and enjoyable shopping experience for consumers. As the conversation comes to a close, the hosts express excitement about the future of shopping technology and the potential for further innovations that can enhance the consumer experience. They acknowledge that while Marks and Spencer's approach is a significant step forward, the retail industry as a whole must embrace experimentation and adaptability to remain relevant in a rapidly changing landscape. This episode serves as a thought-provoking exploration of the intersection between technology and retail, providing valuable insights into the future of shopping. For the full episode head here: https://youtu.be/xJqW3cfOfRM
…
continue reading
1260 епізодів
MP3•Головна епізоду
Manage episode 447818733 series 2106196
Вміст надано Omni Talk Retail. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Omni Talk Retail або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In this Fast Five Short sponsored by the A&M Consumer and Retail Group, Avalara, Mirakl, Ownit AI, and Ocampo Capital Chris Walton and Anne Mezzenga discuss how Marks and Spencer is pioneering the introduction of self checkouts in fitting rooms across its clothing stores, aiming to enhance the shopping experience by reducing the need for customers to queue multiple times. This initiative is set to roll out in about 100 stores by early 2028, with each changing room area expected to feature at least one self checkout. The strategy also addresses concerns about shoplifting by having staff oversee the changing rooms, ensuring customers don't leave without paying. The discussion delves into the potential challenges and innovations that come with this model, including the handling of security tags and the integration of RFID technology. As the retail landscape evolves, this move could inspire other apparel retailers to explore similar solutions, ultimately transforming the fitting room experience for consumers. Marks and Spencer's initiative to install self checkouts in fitting rooms represents a transformative approach to modern retailing, aiming to enhance both customer convenience and operational efficiency. This strategic move is not just about technological innovation; it reflects a deeper understanding of consumer behavior and the growing demand for streamlined shopping experiences. Anne outlines the specifics of the rollout, which includes the introduction of checkouts in 180 clothing stores, with the intent to roll out to 100 locations by 2028. This timeline, however, raises eyebrows as Chris questions whether such a long lead time indicates a lack of readiness for the challenges that lie ahead, including the complexities of handling security measures like tag removal and payment processing within fitting rooms. The conversation dives into the broader implications of this technology, particularly in relation to theft prevention and the overall shopping experience. Chris highlights the potential advantages of using RFID technology to monitor inventory movement more effectively, suggesting that controlled entry points could significantly reduce instances of shoplifting. The discussion also touches on the evolving role of store associates in this new checkout paradigm, emphasizing the importance of having staff present to facilitate transactions and ensure customer satisfaction. As Anne shares insights from their experiences with similar technologies in other retail environments, it becomes clear that while challenges remain, the potential benefits of self checkouts could ultimately lead to a more efficient and enjoyable shopping experience for consumers. As the conversation comes to a close, the hosts express excitement about the future of shopping technology and the potential for further innovations that can enhance the consumer experience. They acknowledge that while Marks and Spencer's approach is a significant step forward, the retail industry as a whole must embrace experimentation and adaptability to remain relevant in a rapidly changing landscape. This episode serves as a thought-provoking exploration of the intersection between technology and retail, providing valuable insights into the future of shopping. For the full episode head here: https://youtu.be/xJqW3cfOfRM
…
continue reading
1260 епізодів
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