In just over a month, we’ve seen three very powerful and destructive hurricanes devastate communities in Texas, Florida and several Caribbean islands, not to mention the most recent earthquake in Mexico. But, out of these disasters, we’ve seen lot of good news and plenty of examples of humanitarian efforts, especially by corporate America. Notable retailers such as Walmart, Amazon, Starbucks, Target, HEB, Kohl’s and so many more have opened up their purse strings to help those impacted by the storms. To ensure that supplies were delivered where they were needed most, Home Depot and Lowes have already sent thousands of truckloads to its stores in the path of the hurricanes.
Andrew Dark, CEO, Displaydata
At Displaydata, we are encouraged by the new standard leading
grocery retailers worldwide continue to set for the rest of the industry. And, as we blogged about last October, tecnology’s role in the effort to reduce food wastage globally is continually growing. In retail, dynamic pricing is being implemented by grocers to strategically price perishable items throughout the day, to encourage shoppers to purchase those items. In our experience, we’ve found retailers that decrease pricing by 1% throughout the day, see an increase in sales of 2.62% on average. To further reduce their environmental impact, retailers are using digital signage like ESLs to display the pricing changes instead of traditional paper tags, allowing for a more flexible pricing strategy without excess waste.