With more and more people choosing to shop online, major retailers have been filing for bankruptcy, closing stores and slashing jobs. Yet physical stores still occupy an important position in the shopping mix. This has prompted some speculation about where this leaves physical retail and how important omnichannel approach has become.
As highlighted in Sourcing Journal, “XRC Labs startups, including Facenote, WonderMile and ShopShops, are taking brick-and-mortar stores to the future with technology that places the consumer first. From facial recognition to increasing virtual visibility, here’s what startups are doing to advance the capabilities of brick-and-mortar stores.”
(Photo credits to ShopShops)