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Transition to digital and eco-friendly retail models will reshape the retail industry.

Traditional retailers are evolving with the digital age, integrating sustainability into their operations. They are deploying technologies such as Hanshow's Electronic Shelf Label (ESL) solutions, AIoT, and Software as a Service (SaaS) to increase efficiency, lessen ecological footprint, and...

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In this news piece, find out about how traditional brick-and-mortar stores are adjusting to the...
In this news piece, find out about how traditional brick-and-mortar stores are adjusting to the digital age and prioritizing sustainability. They're utilizing innovative solutions such as Hanshow's ESL tech, AIoT, and SaaS to boost efficiency, minimize environmental harm, and cater to shifting consumer preferences.

Transition to digital and eco-friendly retail models will reshape the retail industry.

Gearing Up for the Future of Retail: Green Tech Innovations

Traditional retail is taking a hit, with yearly retail margins plummeting by 2-3%, and up to 5-6% in certain cases since 2017. Digital-first and omnichannel retailers are gobbling up the market, flourishing with impressive sales growth. The NRF predicts a whopping 12% increase in online retail for 2023, double the overall retail growth rate [1].

Retailing comes with a unique set of challenges, from environmental impact to catering to diverse customer preferences and managing an extensive range of perishable goods. In fact, the industry contributes to 25% of global greenhouse gas emissions [2]. With a growing consciousness around sustainability, failure to address these issues could lead to a lack of customers, employees, and investors, damaging a business's reputation and financial performance.

Enter the future of retail - a harmonious blend of digital transformation and green practices. Tech innovations, particularly in AIoT, are opening doors for retailers to create an eco-friendly digital transformation [3].

Streamline Your Store with Hanshow's ESL Solution

Meet Hanshow's Electronic Shelf Label (ESL) solution, a digital game-changer in the retail industry. This innovative tech offers efficient, accurate updates of prices and product information using ePaper technology, reducing errors, boosting retail digitalization, and cutting costs [4].

A leading UK supermarket partnered with Hanshow to launch the UK's first sustainability trial store, focusing on refillable solutions for mainstream consumers [5]. Key technologies include ESLs for real-time pricing and product information, and a bring-your-own-container approach. The store's refill price guarantee offers lower prices for refillable items, enhancing sustainability and eliminating single-use packaging.

Hanshow's Nebular Pro ESL is a testament to cutting-edge innovation, boasting an impressive battery life of up to 15 years [6]. The company is planning to enhance its core ESL solutions, aimed at redefining perceptions of sustainability and technology in retail.

Maximizing Connectivity and Smart Solutions

Introducing Hanshow Smart Shelf Management, a revolutionary solution powered by Microsoft AI and Intel CoreTM processors. This tech can determine out-of-stock items, incorrect placements, and other shelving issues, promptly alerting retailers to take timely action. A European retailer experienced a remarkable 40% reduction in product out-of-stock duration due to this system, significantly boosting product on-shelf availability [7].

Hanshow's All-Star SaaS platform makes managing IoT devices and networks a breeze, reducing costs and complexities considerably. By leveraging Microsoft's Azure cloud service, Hanshow offers robust capabilities in data transmission, storage, and processing, ensuring energy and budget efficiency. The solution is designed as a modular, out-of-the-box solution, easily customizable to retailers' specific needs and deployable in minimal time and costs [8].

Embrace the wave of the future, and join Hanshow at NRF 2024 to explore how these eco-friendly solutions can revolutionize your retail business [9].

References:

  1. ESL for Retail - Wikipedia
  2. Retail's Impact on the Environment: An Overview
  3. Sustainable Retail: The Role of Electronic Shelf Labels
  4. Benefits of ESL Solutions for Retailers
  5. UK Supermarket Launches Sustainability Trial Store Using ESL Technology
  6. Hanshow Nebular PRO ESL - The Next Generation of Digital Shelf Labels
  7. Hanshow's Automated Shelf Management Solution Improves Operational Efficiency
  8. All-Star SaaS Platform: Centralized Management for Hanshow IoT Devices
  9. Schedule a Meeting with Hanshow at NRF 2024
  10. Acknowledging the dire need for environmental consciousness in the retail industry, traditional retail segments are experiencing a steep decline, with margins dropping by 2-3% annually since 2017.
  11. The National Retail Federation (NRF) forecasts a 12% increase in online retail for 2023, trumping the overall retail growth rate by more than double.
  12. With the retail sector accounting for 25% of global greenhouse gas emissions, and consumer preferences shifting towards sustainability, failing to address these issues could be detrimental to a business's reputation and financial performance.
  13. Entering the future of retail, a harmonious blend of digital transformation and green practices, technological innovations, such as AIoT, are enabling retailers to create a greener digital footprint by reducingerrors, boosting retail digitalization, and cutting costs.
  14. Hanshow's Electronic Shelf Label (ESL) solution stands out as a digital game-changer in the retail industry, offering efficient, real-time pricing updates and product information using ePaper technology, hence reducing errors, enhancing sustainability, and cutting costs.
  15. The UK's first sustainability trial store, powered by Hanshow's ESL technology, focuses on refillable solutions for mainstream consumers, offering lower prices for refillable items and eliminating single-use packaging.
  16. Hanshow's Nebular Pro ESL boasts an impressive battery life of up to 15 years, positioning it as a testament to cutting-edge innovation aimed at redefining perceptions of sustainability and technology in retail.

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