The LightSpeed Retail Tech Forecast

The way in which technology is transforming retail is a perpetual hot topic. Weekly news stories on iBeacon, eCommerce, fitting room technologies, inventory management, mobile checkout and more reveal technology’s growing role in the evolution of the industry. To help make sense of it all, we reached out to the real decision-makers in retail: store owners.

Our first annual Retail Tech Forecast delivers some hard-hitting stats about the kind of solutions merchants need. 640 independent retailers gave us a clear view of what technology they are using, planning to invest in (or not!), and why.

A sneak peak of some of our findings:

80% of retailers who currently use a mobile device in-store for checkout or inventory lookups say that it has increased sales.

23% of merchants surveyed said they currently use predictive analytics to help make more informed buying and selling decisions, with another 48% planning to implement it in the near future.

Only 17% currently use mobile devices for check out, but 46% are planning to implement this fast-growing trend soon.

The LightSpeed Annual Retail Tech Forecast provides a snapshot of real merchants’ attitudes towards technology, what they are using today, and where they plan to spend their precious dollars tomorrow.

How does your store stack up?

Get the full report HERE

 

Stephanie Braun

Stephanie Braun

Stephanie Braun is a content writer, fashion enthusiast, and lover of pets. When she’s not writing about retail trends, she’s travelling the world and learning new languages.