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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- 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 will collect cash payments for transactions initiated via home-grown financial-services company Pay2Home’s digital platform.
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.
Google has acquired Irish start-up Pointy, a firm that allows physical stores to make their products discoverable online.
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 …
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.
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…
Swedish fashion retailer Carlings has released an AR T-shirts with slogans visible only by using a smartphone.
AI in retail has grown beyond a mysterious buzzword to a tool for revolution in retail – but adoption rates are lagging other industries.
Customers of insurance companies are starting to demand the same style of customer experience and convenience they have come to expect from retailers.
AI-run fruit-vending machines are offering Chinese consumers a new way of buying fruit and vegetables, according to FreshPlaza.