Retail Checks & Balances
Welcome to Retail Checks & Balances!
I'm your host Kevin Spencer and this podcast takes you behind the scenes of the bustling world of commerce and culinary delights to help you grow your business and WIN!
For the past 22 years I've been helping retail businesses with maximizing their profitability along with process deliverables and I would like to share my expertise and what I've learned along the way.
In each episode, we'll bring you captivating interviews with industry experts, passionate chefs, epic restauranteurs and inspiring retailers, as they share their insights, experiences, and the recipe for their achievements.
So join us as we explore the fascinating stories, trends, and challenges that shape the retail and hospitality industry, from cozy corner cafes to sprawling shopping malls.
If you want to star in your own episode reach out to
bookings@retailchecksandbalances.com
Retail Checks & Balances
Digital Shelf Revolution - Unveiling the Power of Electronic Shelf Labels
In episode 25 of Retail Checks and Balances, Kevin Spencer delves into the world of electronic shelf labels (ESLs) and explores their impact on the retail and hospitality industry. From improving operational efficiency to enhancing the customer experience, ESLs offer a range of benefits for retailers. Kevin discusses the challenges and potential returns on investment associated with implementing ESLs, as well as innovative applications and future trends in the retail landscape.
Tune in to learn how this evolving technology is shaping the retail landscape!
TIMESTAMPS
[00:00:31] Evolution of Electronic Shelf Labels.
[00:08:32] ESLs Enhancing Stock Management.
[00:11:01] Implementing New Technology Strategies.
QUOTES
- “Since ESLs can be updated remotely and automatically, retailers can change prices and promotions across all their stores in their chain, or even a single store, and save time and resources compared to manually changing the paper tags.”
- “You want to utilize your resources much better for stocking or something else that can add more value. This is how you analyze the cost of paper, the cost of labor, and the cost of inefficiencies with price queries by customers, because the labor wasn't changing in time. You want to make sure that the valued experience of the customer is always there. And this is definitely a big, big, big advantage. I can imagine how much time and effort it would save, especially store employees.”
SOCIAL MEDIA LINKS
Kevin Spencer
Instagram: https://www.instagram.com/kspencer007/
LinkedIn: https://www.linkedin.com/in/kevinspencer007/
WEBSITE
Rod Plus Solutions: https://rodplussolutions.com/
