Licensing Magazine March 2021 ENG

Page 76

76

Retail

NEW TECH

RETAIL, NEW TECHNOLOGIES IMPROVE SALES EXPERIENCE By Matteo Melani If until today we were convinced that innovating technologies and human contact would not go so far, then we should reconsider this position. In recent years many retail chains have been equipping their stores with new technologies that meet customer needs and accelerate business transactions. These upgrades involve every step of the retail process: from marketing to selling and paying.

SELF-SERVICE IN TRAVEL RETAIL

While speed of purchase is a necessity for traditional store customers, it is a top priority for travelers. During travel, especially long distance, shopping can also cause inconveniences leading to delays or missing a flight. For this reason, The Hudson Group, one of the largest store chains in travel facilities in North America, has introduced the automatic distribution of goods in 27 airports and at the Houston Space Center. By entering one of the points of sale, the customer can choose the product and pay for it at the checkout. “That doesn’t mean we lose customer contact,” said Ruth Crowley, Hudson Group’s Vice President of Merchandise Operations, “What we have tried to According to a recent Nielsen study, waiting in line is the number one cause of frustration for shoppers (37% of respondents), 23% stated that the purchase process was too long even when purchasing just a few products, and 20% complained that when looking for assistance, it was not available. Overall customers want more fluid solutions that do not eliminate human contact. One technology that fulfills this demand is selfservice check out, which allows you to pay

for products in less time than queuing in line. In terms of innovation, the United States has been at the forefront of this sales direction. Between March and September of 2020, contactless payments increased by 25%, while payment options such as buy now pay later are also on the rise. These are emerging as real buying trends in the United States and are being seen across all retail sales types, from shopping centers to pop-up stores.

Hudson Store at the Houston Space Center


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Articles inside

Trends

4min
pages 98-99

KAZACHOK Kazachok’s 20th anniversary special

2min
pages 100-101

WHAT’S NEXT

1min
pages 102-104

Events

4min
pages 96-97

SOUTH KOREAN ANIMATION The success of South Korean animated series

4min
pages 92-95

RUSSIAN ANIMATION The latest hits of Russian animation at ATF online

8min
pages 88-91

Focus on

3min
pages 84-85

RUSSIA Russian licensing market is steadily growing despite pandemic

2min
pages 86-87

AUTOMOTIVE Children love utomotive brands

6min
pages 72-75

BRAND EXPERIENCE Innovation in brand experience: digital vs physical spaces

4min
pages 78-79

NEW TECH Retail, new technologies improve sales experience

4min
pages 76-77

SHOPPING MALLS Retail, the new challenges of Shopping Malls

4min
pages 80-81

MARKETING Inclusive marketing: diversity as an added value

3min
pages 82-83

HOMEWARE A new way to stay at home

4min
pages 70-71

FASHION After 2020, Fashion industry moves towards a new future

4min
pages 66-67

Retail

4min
pages 68-69

STORYTELLING Gaming and tv series: how fashion storytelling is changing

4min
pages 64-65

Publishing

4min
pages 60-61

COUNTERFEITING Toy Association continues fight against unsafe, counterfeit toys

2min
page 59

Interview

4min
pages 62-63

TRENDS 2021 Top Toy Trends according to US Toy Association

4min
pages 57-58

RETAIL TRENDS Toys, what’s new in retail

4min
pages 55-56

NEW TOYS Toys of the future

22min
pages 44-54

PLAY AROUND Play Around launches the MeteoHeroes toy line

4min
pages 42-43

THANKYOU Thankyou’s mission

4min
pages 38-41

PHILIP OSBOURNE A talk with Philip Osbourne, kids pop author

10min
pages 12-15

MAURIZIO DISTEFANO LICENSING Maurizio Distefano Licensing never stopped to amaze with cooler proposals

7min
pages 28-31

MATTEL / VICTORIA LICENSING & MARKETING The number one card game UNO® celebrates 50 years

6min
pages 22-25

THE POKÉMON COMPANY INTERNATIONAL An intense programme for the 25th Pokémon anniversary

2min
pages 26-27

SANRIO Important achievements and new goals for Sanrio

6min
pages 18-21

ETS LICENSING 2021 opens with exciting news

11min
pages 32-37

STUDIO 100 MEDIA Future plans of Studio 100

4min
pages 16-17

Cover story

11min
pages 6-11
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