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2 clusters · 4 sources · 7 days · First seen 17 days ago · Last updated 10 days ago

Retail sector POS technology modernization

Overview

Physical retailers are increasingly adopting point-of-sale (POS) modernization to compete with digital commerce. Research from Coresight Research and Aptos indicates that 78 percent of retail executives have moved toward cloud-native environments to improve real-time inventory visibility and support omnichannel capabilities like in-store returns and buy online, pick up in-store services.

Subsequent data from a survey of 150 global retail decision-makers shows that 85 percent of retailers who modernized their POS systems found the investment met or exceeded their return on investment expectations. These cloud-native platforms have contributed to an average 1.2 percentage point increase in in-store conversion rates and a 4.3 percent increase in average transaction value. Despite these gains, a portion of the industry has not fully transitioned, with 22 percent still utilizing hybrid or on-premises environments.

Entities

Coresight Research · Aptos · Target · Best Buy · Amazon

Timeline

10 days ago

[BUSINESS] 2 sources
Aptos report: Retailers see high ROI from PoS modernisation
A Coresight Research study shows 85% of retailers met or exceeded ROI expectations after modernizing Point of Sale systems, seeing gains in conversion rates and transaction values.
17 days ago

[BUSINESS] 2 sources
Retailers modernize physical stores through POS technology
Retailers are modernizing physical stores through advanced point-of-sale technology and omnichannel strategies to compete with digital commerce and meet rising consumer expectations.

Sources

bike.buzz · retailtechinnovationhub.com · retailwit.com · wwd.com