The Benefits of Using Digital Price Tag Technology in Your Retail Business

If you are looking for ways to improve the operations and profitability of your retail business, you should consider implementing digital price tag technology. Traditionally, retail stores have product labels printed for every unique item they sell in the shop. These labels might be attached to the shelf above or below the product display, can be printed and tagged onto the item itself, or they can added to windows or other larger displays. But times are changing and there are some huge benefits of using digital price tags.

One of the benefits of digital labels is that they show more information. With more modern electronic shelf label technology, more information can be displayed on each label, meaning that you can show a whole lot more information than just the price. Electronic shelf labels can also be used to display nutritional facts, additional product information, size, stock remaining as well as price per weight. You ca include this details to the main label itself or you can print a QR that can be used to access the additional information through your store’s app or website. QR code marketing can help a great deal with promotions or sales in your business.

Another benefit of digital price tags is that they can track customer movements and patterns. You can install movement sensors in each electronic price label at a relatively low cost. These sensors can be used to track all customer movement as well as traffic around your store, providing you with a virtual heat map of your retail space. When you have a detailed understanding of your in-store traffic, it can help you with product placement, aisle layout, promotional areas and displays and more.

 For more information on the benefits of using digital price tag technology in your retail business, visit our website at https://solumesl.com/

 

 

The Benefits of Using Digital Price Display Technology In Your Retail Business

When it comes to the things you can do to improve profitability in your retail business, one of the things you should definitely consider is implementing digital price display technology. There are some businesses that have already embraced this technology and are benefitting a great deal from it. Below are some of the benefits of digital price tags.

First and foremost, when you use digital price display technology in your business, you will help save on paper and plastic. Printing labels whenever you make a change to your price or want to replace a beat up label is a huge waste especially for those retailers who sell hundreds or thousands of different products. Paper and plastic product labels are expensive and they add to more waste, which is clearly something that the world needs a whole lot less of right now, especially from the retail sector. When you start using electronic labels, it means that you only have to purchase the labels once. Nothing will be thrown out, and prices are always up to date with the ESLs.

Another benefit of using digital price display technology is that it is more accurate and it can help save employees time. Not only is electronic pricing easier to edit, but it is also more accurate, always. Your employees will no longer have to waste their time making hundreds of small changes around the retail store. Since this task can be so tedious if done manually, it means that there will inevitably be mistakes in pricing around the store if you use paper labels. If you offer products at the price that they are listed instead of the actual price, just a simple mistake can prove to be quite costly in the end.

For more information on the benefits of using digital price display technology, visit our website at https://solumesl.com/

 

 

The Benefits of Investing in the Electronic Shelf Label System

If you still used paper labels in your retail business, you should seriously consider switching to the electronic shelf label system. While paper labels have low initial investment costs, the problem is that you need to replace them on a daily basis, something that involves multiple consumptions of manpower, time, ink and paper.  For large retail businesses, such as supermarkets, the input cost is actually not low.

Even though the electronic shelf labels have a high one-time investment cost in the early stage, the advantage is that there is basically no need to replace the maintenance cost in the later stage. The use of the electronic shelf label has various advantages, including fast, accurate, flexible and efficient price adjustment, ability to perform data verification to prevent incorrect or omitted pricing, and the ability to synchronize with the background database and keep the same with the cash register and price inquiry terminal.

Electronic shelf labels also facilitate unified headquarters management, effective monitoring as well as reduction of management loopholes. With this type of labeling system, you can also effectively reduce man power, management costs material resources and other variable costs. The electronic shelf label system can also improve store image, customer satisfaction as well as social credibility.

The electronic price tags can realize remote one-click fast price change as well as synchronous price change of the same product in stores across the country, something that can reduce the labor costs as well as operating costs of retail stores. They can also implement a hierarchical management system, which can uniformly manage price tags at the headquarters.

With the electronic shelf label system, it will also be easy to manage price tags by region and store, which is suitable for retail stores such as national supermarket chains, large supermarkets, and national convenience stores that need to improve the efficiency of commodity price management.

For more information on the benefits of investing in the electronic shelf label system, visit our website at https://solumesl.com/

 

 

The Benefits of Electronic Price Labels

So you have decided to switch from paper labels to electronic price labels in your retail business. You have made a step in the right direction because the electronic labels have a lot of benefits. If properly implemented, the ESLs can help improve your profit margins and materially cut labor costs. The following are some of the benefits of these labels.

Among the benefits that you can get from electronic price labels is information control and standardization. ESLs can help manage the information displayed to the consumer in real time and anywhere. With the help of cloud control, you can send information to multiple branches and stores simultaneously and notify your employees about any important changes or new displays (price changes). Cloud control can also help to adjust prices as well as displays based on branch locations as well as local or point-of-sale specific price offers.

 The centralized information and price management for sales networks provided by the electronic price labels is a key requirement for effective sales and price coordination in each point of sale. The head office or the manager of various retail stores can then determine their own pricing and display policy and apply it to the whole network.

Another benefit of electronic price labels is that they can display advertisements and promotions. Price control by item type or season is an important and time-consuming task in in-store display management. Since ESLs provide real-time display of promotions, percentage of discount or potential savings for the consumer, they enable margin control and promotion performance at all times. If you are a point-of-sale manager, you can adjust prices based on performance and more easily direct your customers to interesting products that are still in stock.

 For more information on the benefits of electronic price labels, visit our website at https://solumesl.com/

 

 

The Benefits of Electronic LED Labels

If the thought of using electronic LED labels has never crossed your mind, it is something you should consider. These price labels have a lot of benefits for retailers, but ultimately, the greatest advantages are the ability to engage in real-time dynamic pricing in-store as well as the ability to build an omnichannel experience to enhance customer loyalty. The following are some of the reasons why you should consider the investment.

One of the reasons to consider electronic LED labels is the shelf edge influence.  The shelf edge happens to be one of the most important sales influencers. Because a lot of purchases are made at this point, you need to make sure that your pricing information is accurate.  With paper price tags, changing pricing information is prone to human error. The process is very slow, and by the time you finish re-labeling the products, prices might have changed again online.

With electronic LED labels, these changes are easy to make, so you can capture more sales at the shelf edge. You can react competitively to price changes, track what promotions work, enable instant promotions, and protect margins on time-sensitive stock. You can even create offers based on where specific customers are standing in your retail store with just a few clicks.

Another benefit of using electronic LED labels is that it can help enhance your omnichannel experience. Omnichannel is without doubt the future of retail. Findings from research show that over 55 percent of consumers feel that technology improves their shopping experiences. ESLs enable you to interact with your customers in ways that were not possible previously. You can display stock levels so customers know whether the supply is limited, display online prices of competition so consumers can trust you when you say you have the best price, and enable simple ordering with QR codes.

 For more information on the benefits of electronic LED labels, visit our website https://solumesl.com/

 

 

The Benefits Electronic Retail Shelf Tags

If you are looking for the best ways to improve the operation and profitability of your retail business, one of the things you should definitely give a try is electronic retail shelf tags. A lot of business people are making the switch for paper labels to electronic shelf labels after realizing just how beneficial the ESLs are. In this article, we look at some of the ways that you can benefit from electronic shelf labels.

One of the things that the electronic retail shelf tags can do is help improve customer satisfaction and customer experience. Both consumer retention and engagement are crucial indicators of customer satisfaction. Improving the in-store experience of your customers is one of the key success factors for point-of-sale managers and ESLs can play an important role in this regard. For instance, consumers can rapidly see information about the product they are interested in, their price, and their origin. Consumers can also better identify the promotional items thanks to colors.

Colorization or presence of photos of the products offered by some ESL suppliers makes it possible to clearly identify the price according to the product no matter the layout on the shelf. Labelling provides a truly enhanced customer experience and can save consumers a lot of time when searching for information or identifying good deals.

Another area that electronic retail shelf tags can help in is inventory management. This is a key task in the proper organization of a point of sale, whether it is physical or virtual. However, this does not necessarily mean that it is a task that cannot be optimized. For example, each label can be geo-located within the POS, something that will make it easier for employees to restock items.

For information on the benefits electronic retail shelf tags, visit our website at https://solumesl.com/