In episode 25 of Retail Checks and Balances, Kevin Spencer delves into the world of electronic shelf labels (ESLs) and explores their impact on the retail and hospitality industry. From improving operational efficiency to enhancing the customer experience, ESLs offer a range of benefits for retailers. Kevin discusses the challenges and potential returns on investment associated with implementing ESLs, as well as innovative applications and future trends in the retail landscape.

Tune in to learn how this evolving technology is shaping the retail landscape!

TIMESTAMPS

[00:00:31] Evolution of Electronic Shelf Labels.

[00:08:32] ESLs Enhancing Stock Management.

[00:11:01] Implementing New Technology Strategies.

QUOTES

• “Since ESLs can be updated remotely and automatically, retailers can change prices and promotions across all their stores in their chain, or even a single store, and save time and resources compared to manually changing the paper tags.”
• “You want to utilize your resources much better for stocking or something else that can add more value. This is how you analyze the cost of paper, the cost of labor, and the cost of inefficiencies with price queries by customers, because the labor wasn't changing in time. You want to make sure that the valued experience of the customer is always there. And this is definitely a big, big, big advantage. I can imagine how much time and effort it would save, especially store employees.”

SOCIAL MEDIA LINKS

Kevin Spencer

Instagram: https://www.instagram.com/kspencer007/

LinkedIn: https://www.linkedin.com/in/kevinspencer007/

WEBSITE

Rod Plus Solutions: https://rodplussolutions.com/