North American POS market reaches $2B
Franklin, Tenn. — Almost three in 10 (28%) of North American retailers plan to adopt mobile POS technology by the end of the year, according to a new study from IHL Group.
Results of “Mobile POS: Hype to Reality” also indicate that 45% of all tablet POS shipments go to specialty retailers, mobile POS solutions will cannibalize about 12% of traditional retail POS shipments by 2016 and more than 85% of larger retailers say that in the next three years mobile POS systems will complement, rather than replace, traditional POS systems.
The study also indicates that 33% of retailers are not planning to deploy mobile POS technology in the next three years.
“The vast majority of retailers are taking a slow and methodical approach to the use of mobile for POS,” said Greg Buzek, president, IHL Group. “There are key operational issues in device and merchandise security, cash handling, payments, bags, customer service levels and traffic flow that must be worked through or the use of the devices will be disruptive in a negative way for retailers."
American Sportswear employs LogFire warehouse management
Atlanta— American Sportswear, a Panama-based wholesaler and retailer that exclusively distributes the Tommy Hilfiger brand for most of Latin America and the Caribbean, is utilizing the LogFire extended warehouse management solution.
With the cloud-based warehouse and inventory management capabilities of LogFire technology, American Sportswear will manage its multichannel distribution network, retail store replenishments and in-store inventory management.
"After an exhaustive search of the market, we concluded that the LogFire cloud-based warehouse and inventory management solution was the very best solution for our business needs and continued growth plans," said Solly Azrak, CEO of American Sportswear.
Smashburger plans expansion, possible IPO
Denver— Fast food hamburger chain Smashburger plans to more than double its nationwide store count to about 500 in the next few years. The chain currently runs about 200 locations across the U.S.
According to public comments from Smashburger chariman and CEO Dave Prokupek, the chain may also launch a U.S. IPO at some point in the future. “The idea of good food fast isn’t going to go away anytime soon,” said Prokupek.