Image Recognition Technology A Driving Force For Retail Industry

Image recognition technology has converted the world into a shop window. According to new market research, this is most likely to have the highest impact on retail sales. Advance technologies like store based technologies, interactive television, smart devices, and augmented reality along with image recognition will play a significant role in reshaping the retail environment. These technological innovations are riding the crest of both online and mobile shopping. And the latest phase of these unique technologies will hit the retail sector like never before.

It is very important to understand the changes going on in the retail industry to determine the impact of these innovations. In fact, many of the leading online and mobile shopping retailers are now mapping new tech trends to explore and understand their impact in the retail and m-commerce industry. Almost all the studies revealed that image recognition is one of the standalone technologies that have the potential to have the highest impact on retail sales.

Image recognition technology allows mobile apps, software and systems to identify customers based on their facial features. Additionally, it can recognize products or objects based on their attributes. One of the biggest advantages of this technology is that it makes easier for customers to experience and interact with products.
This technology is geared towards providing a more personal experience to the buyers. It allows the systems and software to react to an individual on a personal level. Buyers can simply sit down in front of a computer device to enjoy a fully personalized online or mobile shopping experience. The technology empowers devices and websites to become intuitive, allowing them to react in a unique and engaging way. Better still, image recognition technology has the potential to improve customer safety by making online transactions more secure. As a result, this technology is becoming invaluable when it comes to the security perspective of online and mobile shopping.

From product perspective, image recognition technology will help customers with visual product searches by simply pointing their device at the product image. Consumers can find and scan their chosen products easily and effortlessly. This will further blur the lines between online/ mobile shopping and high street shopping. Thus, it is making the whole world a shop window for buyers. Static product images on catalogs, billboards, newspapers and magazines can come to life and provide a direct link to the retailer location or online site. And all these can be achieved by using the camera of your smartphone or tablet.

Considering the various advantages of image recognition technology, many of the brands and online/ m-commerce retailers are using this emerging technology to make shopping more interactive. In fact, brands and retailers are creating more number of augmented reality apps using this technology. Consumers need to simply take a picture of the product and the app will match the photo referring to their database and provide all required information to help consumers make their purchase decision.

Emerging technologies like image recognition can create enormous opportunities for retailers; however, their real advantages are yet to be fully realized.

Distance Learning Courses Retail Management Courses as a Foundation in a Retail Career

Graduates of retail management courses use their communication skills to run a retail operation efficiently. For those with experience in distance learning courses in this field, there is the option to manage a personal business or work in a large, established firm. There are also many different industries that benefit from retail, from healthcare to clothing.

A degree in retail management courses can give the training needed to build a successful career. This is why this is quite a popular choice among distance learning courses. The number of industries that employ graduates of retail management courses is as varied as the products available in the market. The retail industry expects much growth, especially in the field of online retail so these courses offers promising employment leads for those who want to enter the industry.

Graduates of distance learning courses in retail management courses are already ingrained in the workforce, according to statistics released by the Bureau of Labor Statistics. Many jobs will be available in retail and this trend is not expected to change in the coming years. The largest growth is expected to occur in the specialization of online retail.

Many online operations are small and self-run and some have non-traditional organizational structures so a background in retail management courses is an advantage in getting a handle on the industry. A professional who has the proper education, such as those who went through distance learning courses through retail management courses, may tap into these new possibilities.

Distance learning courses such as retail management courses follow the same coursework as traditional training. They teach relevant skills such as courses in accounting, communication and even conflict resolution. A large chunk of the training may involve business administration and economics. In addition, distance learning courses in international retail is covered in some programs to prepare students in trends affecting key industries and untapped opportunities.

Bachelor’s degrees and master’s degrees are both available through distance learning courses. The salaries of those who have received distance learning courses in retail depend on the type and size of the business as well as the experience and education. Self-employed retailers may enjoy significant profits depending on how their business performs. Retailers in the auto industry enjoy high financial rewards as well. The experience gained in a degree program, whether online or at a traditional setting, is helpful in setting up a retail organization or working in one.

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Boost Your Business with Retail Promotions

Sure sales and discounts work well in the current economy. People are constantly searching for the best deal on the items that they want and need. Discounts are not the only way to keep people coming back and spending more in your store, there is another thing that is as equally important to your customers and that involves showing them appreciation for their business.

When people come and spend their hard earned money at your shop, they want to know that you appreciate their business and there are many ways that you can let them know that you want them to come to you for all of their shopping needs.

1. HAVE A FRIENDLY AND HELPFUL STAFF. A friendly and customer based business is one where the customer is always right. Some store owners overlook this important aspect of business but many of the larger retailers know that this philosophy works. Places with no hassle return policies like Kohl’s and WalMart have discovered first hand that people will spend more money with you if they feel valued and that their time and money is important.

2. OFFER REWARDS. Your customers are those who make or break your business. Rewards show customers that they are valued and they love to take home something for nothing. Sales that offer buy one get one free and free logo imprinted items for spending over a certain amount with you can really help boost sales and will have your customers coming back for more. 3. DOORBUSTERS. Special sales and promotions that run in the morning hours are a great way to stimulate sales catching the dollars that customers have to spend early, so what will bring them to your shop first? Easy, something that they can’t get somewhere else, like a free item to the first 100 shoppers through the door or discounts to anyone who shops early with you can be a great way to boost sales and customers absolutely love this kind of fluff.

4. GIVEAWAYS. Hand out free gifts to your customers all year round, providing them with incentive to keep shopping with you and you may want to consider running raffles seasonally for larger promotional items to help generate excitement about your store especially during those slower shopping times of year.

Retail POS , POS , POS software , Retail pos software

Pathfinder offers a range of software products and Retail Point of Sale software solutions which integrate a wide spectrum of customer requirements, streamlining business functions and increase organizational efficiency with a definite mark of quality with a ROI assurance. Pathfinder is a leading retail software solutions provider in India, APAC Regions & Middle East and provides end to end solutions for retail automation, retail sales and inventory management, products management and planning.

Pathfinder has a dedicated pool of IT professionals equipped with strong knowledge, rich experience and sound logic. This blend comes from diverse backgrounds, education in leading technical institutes, and track records from associations with leading IT companies. It is our strong conviction that every business Firm or Organization, irrespective of its size, has some common needs and some needs that are absolutely specific. Our team takes an approach based on these needs and adopts relevant strategies. We are an organization driving a huge clientele on a committed path of delivering quality products and a range of software solutions with core competencies in Retail Management, Point of Sale, Bar code Automation, Mobility solutions on PD_A / Hand Held Terminals, Enterprise Solutions and web services. We have a global and phenomenal presence in India, USA, Singapore, Malaysia, Qatar, and Srilanka spreading ever & across with more than 500 corporations as our business milestones.

XtreMe eSmartStore has intrinsic flexibility to suit multiple, diverse business models :

XtreMe e-Smart Store Point of Sale boasts speed, ease of use, reliability and an extensive range of powerful features designed for an array of diverse retail verticals ensuring your business is operational at all times. XtreMe eSmartStore Point of Sale and retail management tools ensure that you serve your customers effectively whilst maintaining tight control over business processes, performance and generates immediate cost savings. XtreMe eSmartStore provides your workforce with the necessary gears at the Point of Sale to deliver unmatched customer service. Processes are streamlined to eliminate confusion, decrease the time required for staff training and create a more efficient way of working. Features Easy to use application interface and configurable sales screen Fast multi-mode product look up feature (EAN

UPC

PLC / SKU) Support for split tenders – cash, card, cheque or voucher for a single transaction Support for multiple currencies configuration Support for custom bill id Support for Price over-ride Support for Deposit collection and utilization Manage Line item and overall discounts On-Screen alert of promotional items Suspend billing and resume Support to generate cost estimates at the till Support for Home Delivery, Rate based & Non Inventory sales Support for on-account sales Manage exchanges & returns On-Screen excess cash alert Alerts on exceptional transactions On-Screen shift settlement with denominations On-Screen verification for high value items Support for customer registration at the till Robust customer search options and customer history Issue and redemption of gift vouchers /credit notes Support for Warranty Tracking Manage salesman shifts & commissions Automated data collection from weighing scale Touch screen, Bar code scanning, Receipt Printer & POS keyboard support Cash drawer support (pops drawer automatically) Pole display support (displays purchase information to the customer) Supports portable hand-held terminals for Q busting Supports Shop in Shop formats On-screen help options Maintain real-time, inventory control for your stores with XtreMe eSmartStore: XtreMe eSmartStore inventory module comprises of a detailed management features including Product and Pricing Control, Stock Control, Staff Management, Point of Sale Configuration, Loyalty Rewards, Accounts, Audit Control and a comprehensive set of Reports and Analysis Tools. All information can be accessed in real-time both onsite and remotely over the web, so that business decisions can be based on precise timely information Features Easy to use, Windows-based management screens Create and manage products, departments and categories Support for 09 levels of SKU categorization Create & Manage custom unit descriptions Supports Auto-generated / custom product codes Ability to maintain multiple vendor / EAN codes Auto indenting based on MBQ, ROL & Lead Time GRN & Delivery Authorization Set product shelf life and expiry Tag products to a BIN location Derive selling prices based on MRP / cost price Price Mark up / Mark down Set multiple pricing levels Bar code generation and printing – all popular bar-code types supported Add unique codes for products without bar-codes Multiple barcodes per product code allowing for differing pack sizes Monitor and updates stock levels automatically in real time Track inventory by category classification, department and product bar code Apply promotions, including individual product discounts, fixed price, quantity discounts and product bundling Seasons, Schemes, Promotions, Mix and Match Manage packet sales Grouping and UN-grouping of products Stock Adjustments Transfers between warehouse and retail stores Material Resource Planning Ticket printing for shelf edges tickets or product bar codes Supports portable hand-held terminals for inventory counting and order entry One of our main strengths is our in-house retail expertise and support, which is second to none. The immense depth of XtreMe Retail Solutions coupled with its use of retail logic makes it an ideal choice for any specialist retail business, regardless of size. Whether you are a single shop or represent a large retail organization with nationwide branches, XtreMe Retail Solutions is the answer for your needs. Retailer Sales Reporting XtreMe Imperial – Retailer sales reporting, a centralized reporting system for a malls POS data. It provides access to detailed, consolidated reporting of all retailers. We collect your data, and deliver it through reports that are customized to meet your needs. XtreMe Imperil Retailer Sales Reporting allows you to Manage master information of all retailers Web based daily / optional intranet* reporting of POS data Accurate sales information from retailers. No Misreporting Analytical Information of brand & category performance Average spend size with daily trends MIS to strategist and implement Mall promotions How it works: It all starts with the client software running on each location’s POS server. This client is a small application that is set up to execute using Windows Scheduler. This gives you full control over how frequently the data is sent to the server. Once the data is loaded to the server, using secure FTP over a broadband internet connection, it is loaded in to a MS SQL database. Once there, it is available for reporting using an interface that is simple and easy to navigate. XtreMe Retail POS XtreMe eSmartStore Boutiques Gift Stores Apparel & Footwear Supermarket / Hypermarket Furniture XtreMe Foodie Fine Dining Kiosks & Takeaways XtreMe Axis Food Court XtreMe Bloom Wellness Centers Salon & SPA Our solutions help organizations operate with greater efficiency, integrating and managing business to streamline costs, boost sales and deliver the optimum buying experience to their customers. Can we help support your operations? Why not contact us today to discuss your requirements. To know more about our Point of Sale, email us or call us on +91 44 4394 6666. www.pftec.com

Scheduling, Managing, And Motivating Your Retail Store’s Employees

The employees are your most precious asset. The success of your store largely rests on their shoulders. If they’re happy with their tasks, take pleasure in arriving at the job, and look forward to interacting with your shop’s clients, you will notice the effects in your sales

The obstacle is creating an atmosphere your personnel likes while fulfilling the needs of your business.

The following paragraphs will investigate several aspects of staffing your retail shop. Very first, we’ll have a look at the elements involved with generating your employees’ schedule; then, we’ll give you a couple of suggestions for keeping them happy, and helping them to satisfy your goals in addition to their own. For further information on how to manage your operation, consider hiring a business sales consultant.

Factors To Consider When Scheduling Your Staff

The principal obstacle with developing a schedule is to offer enough hours for your staff while making certain you’ve adequate coverage on the floor. You will be hindered by a limited spending budget.

Large retailers start the scheduling procedure by determining how many overall hours they can provide employees; this number is usually based on product sales. The greater the product sales volume from your previous period (e.g. week, 30 days, etc.), the more hours that are designated. Little retailers may use this very same model.

Hours have to be allotted according to coverage needs according to foot traffic in the store. For instance, there might be many more clients in the shop throughout the evening hours than throughout the day

Also, keep in mind that certain periods of the sales season may be busier than other ones. Holidays and Saturdays and Sundays could bring in much more traffic compared to weekdays. Big promotions and special events could also increase shop traffic.

Your employees’ availability may also perform a huge role in creating a routine. Some staff might have families; other folks may lack method of travel at specific times of the day or evening; and others may occasionally end up ill, and be unable to work. You will need to think about these aspects when booking your personnel.

Overseeing Your Personnel

In a large retail atmosphere, staff are frequently given a restricted list of responsibilities. These duties essentially form their daily job lists. From stocking shelves to working the checkout lines, every person has a very thin list of tasks to deal with throughout their shift.

This model functions less well in smaller sized retail atmospheres. Workers are usually offered a wider range of tasks that may range in between walking the floor, cleaning and stocking shelves, working the checkout counter, and creating signs. In this kind of setting, it is crucial to provide your employees the room they require to function successfully. Subdue the longing to micromanage them. Instead, provide your staff plenty of room, and offer constructive comments if needed.

Keeping Your Employees Happy

Content employees are more engaging, personable, and helpful to customers. Thankfully, there are numerous ways to increase their total satisfaction at their jobs. As an example, inform them you want them to have time and energy to do the stuff they enjoy; if they require time off, really encourage them to ask.

Also, identify and celebrate their accomplishments; if one of your workers smashes her earlier product sales record, leave her with free movie tickets or a similar reward. Bring in free meals for your staff; provide them with a standing discount on the merchandise you carry; and put a small tv set in the break room.

Note that none of these benefits are associated with earnings. Research has found that income increases and money bonuses have little long-term effect on an individual’s total satisfaction with his or her job.

Encouraging Your Employees To Do Their Job Very Well

Essentially one of the most critical aspects to keeping your employees motivated is supplying them with the correct instruction – not merely one time, but regularly. Your staff should be familiarized with your shop’s procedures; only then can they feel secure making decisions; tThey ought to be familiarized with each product in your stock; first-rate merchandise understanding can empower them to assist customers, offering solutions to problems. You should additionally implement a rewards program where your employees can earn cash awards on product sales. These are simply a couple of ways to inspire your staff members, and motivate them to execute.

It’s simple to overlook employment issues when managing a small retail business; but focusing on this area can lead to much less staff turnover, more comfortable customers, and a higher level of product sales.