Tech News Summary:
- eBay has launched a pre-loved wedding hub to offer a sustainable and affordable option for shoppers to source wedding outfits from well-known designers, such as Vera Wang and Mildred Pronovias, during the peak wedding season. eBay’s initiative is expected to increase the lifespan of great gowns that are often used only once.
- The RTIH Innovation Awards 2021 that celebrates global technology innovation is accepting entries for varied categories, including Bricks and Mortar, which honors a retailer that enables brick-and-mortar connectivity with modern and innovative technology even as online shopping continues to grow. Submissions and entries can be done for free and will be accepted until October 27, and the winners will be revealed in an event in central London on November 29.
- Retail technology and consumer behavior has undergone a sea change during the pandemic era and innovation and agility are crucial for retailers’ survival in this constantly evolving landscape. Embracing new technologies and progressive initiatives like eBay’s wedding hub or RTIH Innovation Awards could help the retail industry in leaps and bounds.
London, UK – The Retail Insider Technology Hub (RTIH) has released their weekly news roundup, highlighting the top retail tech breakthroughs of the week. The list consists of several innovative technological advancements that are changing the face of retail and revolutionizing the way consumers shop.
One of the top breakthroughs is the launch of “smart shelves,” which are now being trialed at select grocery stores. The shelves use AI-powered sensors to detect when a product is running low and automatically place an order with the supplier. This technology not only saves retailers time and resources but also ensures that products are always in stock for the customers.
Another breakthrough featured in the roundup is the use of virtual and augmented reality in retail. Retailers are now using these technologies to create immersive shopping experiences for customers, allowing them to virtually try on clothes, visualize home décor, and even see what furniture would look like in their own homes before making a purchase.
The list also includes the growing trend of using robotics in retail. Many retailers are implementing robots in their warehouses and stores to perform tasks such as restocking shelves, fulfilling online orders, and even providing customer service.
Finally, RTIH’s roundup features advancements in mobile payment technology. With the increasing popularity of mobile payments, retailers are now integrating this technology into their checkout systems to provide a seamless and convenient payment experience for customers.
As the retail industry continues to evolve, the adoption of these breakthrough technologies highlights the importance of staying ahead of the curve to meet the changing demands of customers. The innovations showcased in RTIH’s weekly news roundup demonstrate the exciting possibilities of what’s to come in the world of retail technology.