A sales guide for integrators hoping to solve common retail problems with new technologies
There is simply no sugarcoating it – the pandemic dealt a devastating blow to the retail sector, whether it was apparel shops, office supply stores, neighborhood gyms, jewelry store chains, restaurants, you name it. Pre-pandemic 2019 was already a tough year for retailers, with nearly 10,000 brick-and-mortar locations shuttered, according to Coresight Research; 2020 followed with 8,736 closures of its own.
Thankfully, in 2021 there are signs of hope. Because of widespread vaccination distribution, the easing of COVID-19 restrictions, and pent-up consumer demand, things are starting to turn for the retail segment. The National Retail Federation (NRF) predicts 2021 retail sales growth between 6.5 and 8.2 percent – exceeding the 4.4 percent average increase during the previous five years.
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