Artificial Intelligence

Establishing an Internet of Things (IoT) technology strategy may not be easy, but can offer substantial rewards to retailers who overcome the inevitable challenges.

“There is a vast opportunity to use IoT technology to connect retailers with their assets and consumers,” said Michael Colaneri, VP of sales for restaurant, retail and CPG, AT&T, during an exclusive interview with Chain Store Age. “But it requires business process re-engineering to connect multiple edgepoints.”

Who are the leading women working in retail technology? Chain Store Age is accepting nominations for its annual feature recognizing female retail executives who are helping to transform the industry through technology.

The “Top 10 Women in Retail Tech” will celebrate the achievements of retail executives from all areas of technology. The winners will be profiled in a special section of the January 2016 issue of Chain Store Age as well as in an online report on chainstoreage.com

Levi Strauss & Co. is turning to the Internet of Things (IoT) as a solution to improve inventory visibility.

Levi’s is partnering with Intel to run a proof-of-concept of the new Intel IoT platform at three of the vertical apparel retailer’s stores. The pilot allows the Levi’s stores to gain visibility into what’s on the shelf or what might be running low. The goal is to make the process of inventory management more effective, maximizing in-stock and on-shelf availability of products.

More than 100 senior retail executives are already confirmed as speakers for a first-of-its-kind event called Shoptalk that will be held next May with a focus on next generation commerce.

Organizers of the event have confirmed speaker participants including Jason Goldberger, president of Target.com and mobile; Casey Carl, Target chief strategy and innovation officer; Joe Megibow, chief digital officer at American Eagle Outfitters; John Koryl, president of Neiman Marcus stores and online and Andrea Wasserman, senior VP and head of direct-to-consumer at Nine West Group.

Every day, it seems there is news of another large retailer opening a tech innovation center, launching a new engagement channel, or otherwise making its mark as an IT innovator. But while the big guys get all the attention, a lot of smaller retailers are also doing some very interesting and innovative things with technology.

Here are three recent examples of small retailers launching large initiatives in technology innovation:

Poler Outdoor Stuff activates Instagram indoors

Rather than let third-party platforms have all the online home services fun to themselves, Sears is joining the game.

Sears Home Services is launching a new site, SearsHomeServices.com, aimed at connecting homeowners with Sears-certified technicians. The site also offers do-it-yourself information. Technicians are regionally listed and rated by criteria such as number of repairs completed, average cost, and length of repair time. Customer reviews are also featured.

It’s not your imagination – a lot of new players are entering the mobile payment market.

Mobile payment keeps getting more popular, at least on the provider side.

According to Re/Code, Amazon.com is launching a mobile “Pay with Amazon” button that will let consumers automatically use their Amazon payment information to make purchases on other retailer’s e-commerce apps. While not exactly a mobile wallet app, the Pay With Amazon button is definitely an attempt to obtain a piece of the mobile payment market which Apple, Samsung, Google, and several other entities are trying to take an early lead in.

It’s not your imagination – a lot of new players are entering the mobile payment market. In the past few months, entities including Google, Samsung, Capital One, and J.P. Morgan Chase & Co have launched or announced plans to launch new mobile payment solutions. And retailer-backed Merchant Customer Exchange (MCX) expanded trials of its CurrentC mobile payment app this summer. Retailers like Starbucks are bypassing the middleman entirely and offering mobile payment from their own proprietary e-commerce apps.

Apple TV reportedly has a formidable new rival in the emerging channel of TV commerce.

According to GeekWire, Amazon is providing direct purchase capabilities through its Fire TV devices, without fanfare. A pilot has been underway for about two weeks, with sources indicating performance so far has exceeded expectations.

The pilot allows Fire TV and Fire TV stick users to directly browse and purchase items including Hershey’s candy, FitBit personal fitness devices, and Mattel toys from banner ads on the TV screen.