How is automation reshaping the retail industry?

The retail sector has undergone a remarkable change in recent years. With the pandemic accelerating the shift towards online commerce and bringing in a wave of technological transformation, brick-and-mortar stores have been severely impacted. Even businesses that were modeled around online retail have witnessed numerous challenges. Rapidly evolving customer expectations and increasing demand for prompt, high-quality service from both online and offline businesses have put enormous pressure on the retail sector to adapt to change rapidly. This is where automation comes in!

The retail industry’s playing field has changed because to automation, which now makes it possible for it to thrive and get through challenges rather of just being a nice-to-have. Retailers can react to changing consumer behaviour by deploying a moderate level of automation in their physical stores, administrative offices, and warehouses. Investment in automation solutions is crucial since doing away with manual processes may boost output, save expenses, and improve client experiences.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
itim Group plc

More articles like this

itim Group plc

The end of the checkout aisle

The checkout aisle has long been a source of frustration for both shoppers and grocers. Shoppers endure long waits with limited cashiers available, while grocers face customer complaints and issues of shrinkage, affecting their profits. Despite

itim Group plc

Innovations in customer engagement and personalisation

With a more positive economic outlook for retailers, companies are turning toward new ways to engage and connect with customers. Learn more about the latest Q1 retail trends, from connecting innovatively in the digital age and

itim Group plc

itim Group reports strong increase in revenue, up 15% to £16.1 million

itim Group plc (LON:ITIM), a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, has announced its audited results for the year ended 31 December 2023. Financial Highlights ·      Group revenues increased by 15 %

itim Group plc

Consumer shopping behavior trends in retail and e-commerce

To help retail and e-commerce brand leaders identify which consumer shopping behaviors are taking hold and which are not, Morning Consult is tracking shifting consumer e-commerce and retail industry trends through a monthly survey of U.S.

itim Group plc

Revolutionising Retail with data analytics, AI, and IoT

Transformation sweeps retail as leaders deploy data analytics, AI, and IoT to customise experiences with razor sharp precision. Tapping customers’ unique preferences, and innovations bridge market gaps, revolutionising value delivery. Among these innovations, the integration of

itim Group plc

March 2024 retail sales surge 0.7%, exceeding expectations

The Census Bureau’s Advance Retail Sales Report for March revealed a 0.7% rise in headline sales from February, marking the second straight month of increased consumer spending. The latest increase was higher than the anticipated 0.4%

itim Group plc

itim’s Unified Retailing

itim provides omni-channel retailers with a Unified Retail platform designed around the customer, that leads to increased sales and profitability. itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to