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Global spending on POS software set to soar

New research has shown that retail and restaurant businesses globally are likely to spend US$1.7 billion annually on POS software by 2024.

Mobile, social-media key, says 10 Highlights of China’s Commercial Sector report

Mobile- and social media-centric online-to-offline strategies that provide seamless shopping experiences are a “must” in China’s new consumer era, according to the latest 10 Highlights of China’s Commercial Sector report.

7-Eleven Singapore partners with Pay2Home to serve the unbanked

7-Eleven Singapore will collect cash payments for transactions initiated via home-grown financial-services company Pay2Home’s digital platform.

Health and wellness is driving wearable-technology growth in fashion

Wearable technology has come a long way from the original clunky smartwatch, with innovation having taken a giant leap forward in the last five years.

Why Google’s acquisition of Irish startup Pointy is big news for retailers

Google has acquired Irish start-up Pointy, a firm that allows physical stores to make their products discoverable online.

Hyundai Department Store aims to eliminate paper receipts

Hyundai Department Store says it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years. Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications instead of paper receipts when purchasing goods. Last year, about 160 million paper receipts were issued by Hyundai Department …

Watsons China launches WeChat Work and Cloud stores

Health-and-beauty retailer Watsons has partnered with Tencent’s WeChat Work platform to establish an online presence and launch cloud-based WeChat stores this quarter.

GS25 opens futuristic c-store concept

South Korean convenience-store chain GS25, owned by GS Retail, has opened a futuristic convenience store without a checkout counter in Jung District, Seoul this week. The store, which is located in the headquarters building of a local credit card company BC Card, is similar to Amazon Go, checkout-free offline malls in the US. One can enter the convenience store by scanning a BC Paybo…

AR t-shirts tell stories via smartphones

Swedish fashion retailer Carlings has released an AR T-shirts with slogans visible only by using a smartphone.

Ignoring AI in retail will cost market share and sales, warns expert

AI in retail has grown beyond a mysterious buzzword to a tool for revolution in retail – but adoption rates are lagging other industries.

From selling to buying: what insurance can learn from retail

Customers of insurance companies are starting to demand the same style of customer experience and convenience they have come to expect from retailers.

Chinese fruit-vending machines driven by AI

AI-run fruit-vending machines are offering Chinese consumers a new way of buying fruit and vegetables, according to FreshPlaza.