Globally retail stores are beefing up their sales capabilities ditching the old-fashioned point of sale machines and having salespeople — and even shoppers themselves — ring up sales on smartphones and tablet computers.
Barneys New York, a luxury retailer, this year plans to use iPads or iPod Touch devices for credit and debit card purchases in seven of its nearly two dozen regular-price stores.
Mobile point-of-sale devices are no longer just a tool for specialty retailers or smaller merchants to accept card payments. Increasingly, large U.S. retailers are equipping associates with smartphones and tablets that let them accept customer payments from the sales floor.
Technology has consistently been a major driver in retail but mobile POS devices are transforming the retail industry in a way that few technologies have done before. “Retailers which have eschewed cumbersome cash wraps in favor of a mobilized checkout are already reaping increased savings, sales and customer satisfaction,” said the report, written by Yankee Group analyst Jordan McKee.
Industry experts are of the opinion that year 2014 marked the transformation of Point of sale terminals as they became increasingly mobile and the trend would take Big Box retailers by storm in the coming year
The need of the hour is to look for ways to better understand customers and deliver the right products to the right channel at the right time at the right price. Customer’s reach to more product information along with a myriad of product choices has shifted power to the consumer while resulting in higher customer expectations.
Mobile POS technology helps retailers enhance their customer’s shopping experience, while reducing the costs of providing that enhanced experience. While operational efficiency remains important, retailers are leveraging mobile POS technology to close sales instantly, optimize demand side processes, attract and retain more customers and drive future growth.
To create marketplace advantages in the future, retailers already know their customers intimately, including their needs, wants, preferences, and values and are restructuring their business processes and in-store technologies to ensure customer expectations are fully satisfied.
Mobile POS has a positive impact on revenue as it doesn’t add complexity to the existing retail environment and considerably empowers the store associates.
The new POS technology that extends to mobile devices as applications, employee hand-held, new payment devices, numerous displays and customer facing systems can help fuel loyalty and sales technological com, making the job of a Store Associate more effective without adding technological complexity.
We always hear the old say that “People buy from people” and this is essentially true in context to the retail sector. If your forward workforce is happy and motivated and as a result the interaction with customers is a positive one. For any retail business, this positive experience really does go a long way to reinforcing a positive brand reputation.