GERMANTOWN, Md. and NORTHAMPTON, UK (March 9, 2015) – Citing its intelligent sensors’ high levels of accuracy and ability to protect consumer privacy, VoloForcehas selected Irisys as a strategic partner and will integrate its infrared devices into a suite of retail solutions that drive superior brand implementation.
Early reports from the National Retail Federation indicate a disappointing Black Friday weekend for U.S. retailers. Previous forecasts expected Black Friday sales to achieve record numbers, but according to the Thanksgiving Weekend Spending Survey conducted by Prosper Insights & Analysis, weekend sales actually dropped by more than 5 percent.
The holiday shopping season officially kicks off at the end of the month, and U.S. retailers are expecting Black Friday sales to eclipse $36.7 billion, according to a recent report by IBIS World Reports. If the forecast holds true, it will be the highest Black Friday sales in history and a near 2 percent increase over last year.
Some discount superstores in Gloucester may have begun to notice less footfall traffic, as shoppers in the area have begun turning to independent and smaller retailers.
Two-thirds of the UK’s top retailers predict their businesses will grow this year, and many of them believe retail technology is a key strategy in achieving that growth, according to “The Retail Growth Strategies Survey 2014,” commissioned by law firm TLT.
The National Retail Federation projects U.S. retail industry sales will increase 4.1 percent in 2014. That growth – higher than last year’s 3.7 percent – presents a timely opportunity retailers can seize to grow and, more importantly, sustain a wider base of loyal customers.
Retail executives in Europe and North America have experienced positive returns from investing in data analyses that drive store strategies, according to The Economist Intelligent Unit. About half of survey respondents, however, say effectively utilizing that data remains their biggest obstacle.
The official start to the holiday shopping season drew bleak numbers for retailers pushing the big Black Friday buildup.
Retailers are scaling back on holiday help for the 2013 season.
About Irisys
As a leading supplier of people counting sensors, we have over 20 years of experience and have deployed more than 500,000 units.
Our latest product, Vector 4D, is the most advanced people counter ever with innovative features such as staff detection and dwell time monitoring.
Combined with highly accurate counting algorithms, our people counters are used in many scenarios, such as retail analytics, supermarket queue management and space utilisation applications.
Ultimately, we provide our end-users with accurate and reliable data that can transform their business.
