Headlines

This Tech Could Pull Consumers Back to Bricks-and-Mortar Retail

Published

7 years ago

January 4, 2017

INSTORE Staff

New developments are debuting this week.

Several new technologies could help bricks-and-mortar retailers win customers back from the online retail sites that have gained popularity in recent years, the Associated Press reports.

One example: smart shelves. They’ll work sort of like online ads that track consumers from site to site. Technology by startup Perch Interactive “uses laser and motion sensors to detect when a product is picked up,” according to AP.

Retailers can then see which items consumers picked up but chose not to buy. The technology also provides shoppers with recommendations, such as complementary products.

Another emerging technology: interactive mirrors. At certain Neiman Marcus stores, dressing rooms feature mirrors that allow shoppers to “make side-by-side comparisons without having to try [the outfits] all on,” AP reports.

Robots, advanced self-checkout systems and virtual and augmented reality are also likely to play major roles in the future of retail, according to the news service. Many of the new technologies are debuting this week at the CES technology show in Las Vegas.

Read more at AP

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”