From loss prevention tech to retail indoor mapping analytics, this MVP Technology Framework evaluates the tech solutions retailers like Kroger, Walmart, and Allbirds are using to minimize costs and maximize returns through digitizing and automating their in-store operations.
Even as digital shopping grows, physical stores are still playing a crucial role for retailers.
The majority of sales and profits still come from stores. But keeping brick-and-mortar locations as their profit centers is becoming increasingly difficult as retailers face ongoing inventory volatility, shrink-related losses, and labor shortages.
While these issues pose substantial challenges for businesses, they also pave the way for investment in automation and digitization to cut long-term costs.
These tech solutions not only drive costs lower, they also help personalize the store experience, speed up shopping and checkout, and ultimately boost conversion.
This report evaluates 13 tech markets that retail leaders should monitor, vet, and prioritize.