Company News • 18.10.2016

Equipmag’s Paris Retail Week focuses on retail innovation

Cash management and retail innovation were among the hot topics during the Paris Retail Week 2016

Cash management and retail innovation were among the hot topics during the Paris Retail Week 2016 show in mid-September. APG representatives attended the event, which drew more than 48,000 show-goers and about 1,000 companies.

While at the event, we had the opportunity to shake hands with other players in the retail and technology industries, and ask potential customers about their needs and how they plan to leverage technology to enhance the shopping experience.

Logo: APG Cash Drawer

APG Cash Drawer

4 The Drove
BN9 0LA Newhaven
Photo: Equipmag’s Paris Retail Week focuses on retail innovation...
Source: APG Cash Drawer

Cash management interest

Cash management sparked a lot of interest among show-goers, as evidence of the number of people who stopped by our booth wanting to discuss our solutions. We noticed other cash management players, our partner Glory Global Solutions among them, also drew a lot of attention. Cash management companies in attendance included established brands as well as new entrants in this space.

The interest in the technology confirms what we at APG have known for the last few years – that retailers are looking for solutions to automate cash handling, accelerate transactions, minimize time spent on cash counts, and free up staff to focus on customer-facing activities. Retailers need these solutions because, contrary to the predictions we’ve all been hearing for years of a cashless society, cash isn’t going away any time soon.

Retail investments

While the interest in cash management was clear, we noticed some uncertainty among retailers about what technologies to invest in next. Some seem to be struggling with finding the right balance between in-store and online investments, but others are prioritizing online and mobile projects.

New technologies – particularly in the mobile space – in recent years have modified shopping behaviors. Retail store operators understand this has caused a fundamental change and, therefore, are studying ways to keep their brick-and-mortar stores relevant through mobile connections and a strong internet presence.

They’re also trying to figure out how to leverage mobile POS solutions, NFC (Near Field Communications), Bluetooth and RFID (Radio Frequency Identification) to make the shopping experience more attractive to consumers who have grown to rely on e-commerce websites and mobile apps to do their shopping.

In-store innovations discussed at the show include an emphasis on WiFi and tablets for POS and inventory functions, smart fitting rooms with touchscreens connected to RFID tags on items in the store and, in some cases, connected to social media.

In addition, retailers are exploring ways to personalize marketing efforts. The idea is to have promotions more relevant to individual users to either attract them to stores or encourage them to click the “buy” button.

Customers are king

If there was a major take away from Retail Week, it’s that efforts to treat the customer like royalty are foremost in retailers’ minds. The question is just how to make that happen. There’s no shortage of options, be it mobile-based, online, in-store or a combination of all of them. Whichever way retailers decide to go, technology will be a big factor, and we will be ready to meet their cash management needs as they execute their strategies.

related articles:

popular articles:

Thumbnail-Photo: Out of Stock in Retail and innovative solutions to avoid them...
07.11.2023   #brick and mortar retail #customer satisfaction

Out of Stock in Retail and innovative solutions to avoid them

Due to various events, the availability of goods in retail will be increasingly restricted from 2022, with the result that customers cannot find in food retail the products they wish to buy, because those products are sold out, are temporarily ...

Thumbnail-Photo: Unified Commerce Platform in focus
24.10.2023   #omnichannel #software developement

Unified Commerce Platform in focus

Handover at REMIRA: Dirk Bingler supersedes Stephan Unser as CEO

REMIRA is setting the course for future development of the company: On November 1, Dirk Bingler (48) will become the new CEO of the supply chain and omnichannel software expert headquartered in Dortmund. The previous CEO Stephan Unser (62) moves to ...

Thumbnail-Photo: New German vending partner for ITL
30.11.2023   #Tech in Retail #cash management

New German vending partner for ITL

Innovative Technology (ITL) have recently announced Bernd Boddart as their latest trading partner

Bernd Boddart will be supplying their cash validation and biometric age verification solutions to the German vending market. Bernd Boddart, based in Mönchengladbach, Germany, have 30 years of experience in the field of coffee machines, table ...

Thumbnail-Photo: The global state of autonomous stores
18.12.2023   #Tech in Retail #self-checkout systems

The global state of autonomous stores

The stores are located in various retail segments such as food retail, fashion, electronics, convenience stores and fast food.

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviors, reduces operational costs, improves profitability, and powers revenue growth strategies. Advancements in autonomous ...

Thumbnail-Photo: EuroCIS 2024: Go beyond today!
16.10.2023   #retail #Tech in Retail

EuroCIS 2024: Go beyond today!

27 to 29 February 2024 will see the Who’s Who of Europe’s retail technology sector meet in Düsseldorf

Go beyond today! EuroCIS at the end of February will once again show solutions and products for the retail of the future @Messe DüsseldorfIn late February, numerous companies will again exhibit solutions and products for retailers to shape and ...

Thumbnail-Photo: MPREIS Transforms Operations with Zebra Workcloud Task Management™...
06.11.2023   #customer experience #software developement

MPREIS Transforms Operations with Zebra Workcloud Task Management™ Software Solution

Austrian food retailer to streamline communication in around 300 stores to improve staff engagement, inventory optimisation, and customer satisfaction

MPREIS has around 300 Austrian stores in regions across Tyrol...

Thumbnail-Photo: Nedap teams with Foot Locker to extend RFID project...
05.10.2023   #omnichannel #software applications

Nedap teams with Foot Locker to extend RFID project

Foot Locker successfully matches supply and demand in newly opened stores in Eastern Europe using RFID technology

Nedap the global leader in RFID solutions, announces that multi-brand sports fashion and apparel retailer Foot Locker has successfully extended Nedap iD Cloud to its new, Eastern European stores. The objective is to offer the best possible ...

Thumbnail-Photo: Toshiba Launches New ELERA™ Security Suite to Address the Industry’s...
22.09.2023   #cashpoints #customer experience

Toshiba Launches New ELERA™ Security Suite to Address the Industry’s Challenges Around Shrink

Toshiba’s A.I.-powered solution empowers retailers across the globe to better manage loss prevention and protect profits

Security Suite from Toshiba Global Commerce Solutions empowers retailers to minimize shrink...

Thumbnail-Photo: EuroCIS 2024 - technology special
11.12.2023   #online trading #e-commerce

EuroCIS 2024 - technology special

The latest technology solutions and trends for you and the retail sector

At EuroCIS 2022 from February 27 to 29, 2024, the Leading Trade Fair for Retail Technology, we will be looking at all the important and current topics relating to technology in retail: AI and Machine Learning, Payment, Connected Retail, Seamless Store and Smart Energy Management and many more.


Phoenixplatz 2
44263 Dortmund
Zebra Technologies Germany GmbH
Zebra Technologies Germany GmbH
Ernst-Dietrich-Platz 2
40882 Ratingen
Captana GmbH
Captana GmbH
Bundesstraße 16
77955 Ettenheim
Innovative Technology Ltd.
Innovative Technology Ltd.
Innovative Business Park
OL1 4EQ Oldham