Articles tagged with "retail-technology"
Simbe, Coresight Research study finds retailers urgently need to reduce inefficiencies - The Robot Report
Simbe Robotics Inc. and Coresight Research released the “State of In-Store Retailing 2025” report, highlighting the urgent need for retailers to digitize stores through artificial intelligence and automation to address significant inefficiencies. Retailers currently lose $162.7 billion annually in margin due to in-store inefficiencies—a 27% increase from 2024—primarily driven by shrinkage, manual tasks, and employee turnover. Key operational challenges include promotion execution errors (39%), product pricing errors (37%), and misplaced or missing items on shelves (37%). Although 66% of retailers have begun adopting store intelligence technologies, only 20% have fully scaled these solutions, indicating substantial room for growth. Investment in store intelligence and automation technologies is rising sharply, with a 151% year-over-year increase in planned spending and notable adoption gains in shelf-digitization robotics. Simbe’s autonomous Tally robot exemplifies the benefits of automation, enabling retailers like ShopRite to reduce out
robotautomationretail-technologystore-intelligenceinventory-managementAI-in-retailautonomous-robotsInventory robots come to Sleepy Hollow as Simbe partners with grocery chain - The Robot Report
robotinventory-managementgrocery-retailautomationreal-time-dataoperational-efficiencyretail-technologySimbe upgrades vision platform with AI-powered capabilities - The Robot Report
robotAIcomputer-visioninventory-managementretail-technologyautomationoperational-efficiency