UK High Street ‘Not Geared Up’ For Boom In Chinese Tourism
British high street retailers are not equipped to deal with a boom in Chinese tourism,…
Published by Retail Technology Innovation Hub
Tokinomo has developed a solution that uses sound, motion and light to bring products to life at the shelf and increase shopper engagement.
“It’s a way of creating an emotional bond with the customers and turning your product into a storyteller at the Point of Sale. That’s the true magic of it,” Founder, Ionut Vlad, recently told RTIH.
Mike Kiser recently joined China-based AI, computer vision solution provider SandStar, formerly known as YI Tunnel, as the President of North America.
“SandStar’s cutting-edge technology truly transforms retail industry,” he said. “My motivation and focus are to obtain the resources required to fully exploit this exciting new technology to accelerate speed to market and position SandStar as the leading AI, computer vision company in the world.”
Tryd provides a delivery service for high street shops, allowing customers to receive their items within a one hour slot.
Its Try Before You Buy service for fashion products offers the customer 15 minutes to try the items on in the comfort of their own home or office. If they are not fully satisfied with their purchase, Tryd will return items to the store.
Former M&S and BHS exec David Anderson recently joined JGOO as a non-executive director.
Launched in London in 2017, JGOO, via its partnerships with WeChat Pay and Alipay, helps connect UK and European companies to Chinese shoppers and tourists. It is a subsidiary of the British FinTech group R8, with backers including Twitter co-founder Biz Stone, who sits on the board as a non-executive director.
5. Alert Innovation
A Walmart supercenter in Salem, New Hampshire is now fully operational with the retailer’s Alphabet solution.
Developed exclusively for Walmart by Alert Innovation, the system operates inside a 20,000-square-foot warehouse-style space, using autonomous carts to retrieve ambient, refrigerated and frozen items ordered for online grocery. After it retrieves them, Alphabot delivers the products to a workstation, where a Walmart associate checks, bags and delivers the final order.