As usual, NRF 2020 proved to be a “vision” of the future of retail. Walking in this year, you were greeted with the normal hustle and bustle, which is only appropriate for a New York City event, and excitement in the air.
Removing the Risk, Increasing the Payoff in Your Omniretail Inventory.
No Risk, No Reward?
Enthusiastic investors and gamblers have one thing in common: they want to win BIG. However, trying to win big requires greater risk. With a higher risk, the chances of losing are also higher. Both the investor and the gambler dream of winning big, but often want to find ways to minimize the risk of losing.
Doesn’t it feel like the rules of how to ‘win at retailretail’ are constantly changing and shifting their focus? First the key was to bring in people to the physical store and shape their customer experience- making it memorable in some way. Then retail seemed to shift its focus to rely heavily on online shopping, leading to several brick and mortar retailers struggling to stay afloat. Today, BOPIS, the latest in retail trends, is throwing a life preserver to the brick and mortar store.
Consumers love buy-online, pick-up-in-store (BOPIS). Retailers love the way BOPIS allows them to drive traffic to stores and leverage their physical footprint as a competitive advantage against online pure-plays. But consumers bring higher expectations to BOPIS than they do to simply shopping in a store: The retailer has explicitly told them the item is available, so the bar is set high.
Unfortunately, for many retailers, BOPIS failures are alienating the very customers they most want to please, hurting them in both the short- and long-term.
For the second year in a row, Retail CIO Outlook Magazine has recognized 4R Systems as a top 10 artificial intelligence solution provider.
Retail CIO Outlook Magazine published their annual listing of the top 10 companies using artificial intelligence to positively impact the retail environment.
Don’t miss 4R this year at Booth 3981.
January 13-15 | Javits Center in NYC
The 4R team invites you to visit with them at NRF Booth 3981.
Stop by our booth to learn how Machine Learning and AI can help improve your
EXPO Hall and Innovation Lab Hours
- Sunday, January 13: 9:00am – 4:30pm
- Monday, January 14: 9:00am – 5:00pm
- Tuesday, January 15: 9:00am – 4:00pm
Please complete the form below to set up a time to meet with us at NRF Booth 3981.