The Latest Retail Technology News: Top Stories of the Week Revealed!

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Tech News Summary:

  • Frasers Group is partnering with Lab Digital, Valtech, and AND Digital to develop a new MACH e-commerce platform and consumer apps, set to launch in 2024.
  • RTIH is in the nomination phase for its Top 100 Retail Tech Influencers list, looking for influential figures in the retail technology industry who are shaping the industry and driving it forward.
  • Retailers are adopting innovative technologies to adapt to the changing shopping habits caused by the Covid-19 pandemic and cost-of-living crisis, and RTIH’s Top 100 Retail Tech Influencers list plays a role in identifying thought leaders and problem solvers in the industry.

Retail Technology Roundup: The Week’s Biggest News Stories Unveiled!

As the retail industry continues to evolve and embrace technology, this week has seen a flurry of major news stories that are set to shape the future of the sector. From big-name partnerships to cutting-edge innovations, here’s a roundup of the most significant developments in retail technology from the past week.

First up, Walmart announced a major collaboration with Google to offer voice-activated grocery shopping through Google Assistant. This strategic partnership aims to simplify the shopping experience for customers and further demonstrates the growing significance of voice technology in retail.

In other news, Amazon unveiled a new feature for its Prime members called Prime Wardrobe. This service allows customers to try on clothes before purchasing them, only paying for the items they decide to keep. This innovative approach to online shopping is set to revolutionize the way consumers buy clothes and could have significant implications for the fashion retail sector.

Meanwhile, in the realm of online payments, Square, a popular payment processing company, revealed the launch of its new QR code-based payment system. This move is designed to provide businesses with an easy and efficient way to accept touchless payments, catering to the increasing demand for contactless transactions in the wake of the COVID-19 pandemic.

Additionally, tech giant Apple made waves in the retail world with the announcement of its new feature called “Tap to Pay.” This contactless payment method utilizes the iPhone’s NFC technology, allowing customers to make purchases in stores with just a tap of their phone, further cementing Apple’s position as a leader in the mobile payment space.

Finally, the augmented reality (AR) market saw a boost with news of Shopify’s acquisition of AR technology company, Primer. This move is expected to enable Shopify merchants to create immersive AR shopping experiences, providing a new and exciting way for consumers to interact with products before making a purchase.

This week’s flurry of retail technology news demonstrates the continued innovation and evolution of the industry. As retailers and technology companies continue to push boundaries and collaborate on new and exciting initiatives, the future of retail is set to be shaped by cutting-edge advancements that enhance the overall shopping experience for customers. Keep an eye on these developments as they unfold in the coming weeks and months.

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