NEWS

Electronic Shelf Labels Help Retail Industry Price Management Upgrade

 

As we all know, merchandise price is the most concerned element for shoppers to enter the retail scene for consumption experience, and it is also the important entrance for shoppers to carry out consumption. Price, as the label of merchandise value, becomes its actual advocate.

How Can Electronic Shelf Label Improve the Customer's Shopping Experience?

What makes a customer decide where to shop? Price, product quality, environment? Of course, these are all important factors, but that's not all. Now more than ever, the customer experience is a decisive factor in customer satisfaction and loyalty. As an intelligent terminal with real-time dynamic update display of product information, electronic shelf labels have become an important trend in new retail. How can ESL improve customer shopping experience and make more and more retailers choose ESL?

Electronic Shelf Labels Are Very Popular in Unmanned Convenience Stores

According to the Insight Partners, the unmanned convenience store market was valued US$ 67.48 million in 2019 and is expected to reach US$ 1,640.32 million by 2027 with a CAGR growth rate of 51.9% during the forecast period.

Introduction to the Application Scenario of Electronic Shelf Label

Have you always thought that this is a printed paper shelf label? Look closer, it's an electronic shelf label!

How Electronic Shelf Labels Can Help Retailers Achieve Data Marketing

The amount of data in our world has been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by MGI and McKinsey's Business Technology Office. The application of electronic shelf labels in the retail industry is also helping to achieve accurate data marketing in the retail industry.

What Are the Ways for Electronic Shelf Labels to Enhance Store Operational Efficiency

Currently, retailers are facing many challenges, especially during the pandemic. They are committed to increasing sales volume through pricing changes and promotions, and improving profitability by increasing operational efficiency. 

Electronic Shelf Labels Help Retail Businesses Reduce Costs and Increase Efficiency

Currently, global enterprises are in a phase of digital transformation, including retail companies. With the expansion of the market and the rapid increase in business scale, the retail industry's operating costs remain high, with labor costs soaring and processes becoming more cumbersome, putting retail companies under increasing pressure.

What Benefits Does the Automatic Price Change of Electronic Shelf Labels Bring to Retail Stores?

In the 1990s, in order to solve the problems of high labor cost, high error rate, high loss rate, low efficiency, high operating cost and non environmental protection of paper labels, people developed an electronic display device – ‘Electronic Shelf Labels’.