Telpo 2018 First Station-NRF Retail's Big Show

The National Retail Federation's 107th annual Convention and Expo was held from 14th to 16th Jan. 2018, at Jacob Javits Convention Center in New York City. With the adequate preparation, Telpo participated and displayed our retail POS system and solutions.

It's recorded that the NRF exhibition had 35,000 registered attendees and 600 exhibitors, from more than 3,500 companies and 90 countries in the 2-days.

During the exhibition, the organizer and exhibitors would like to demonstrate the newest retail-shaping devices and technology. Retail 2020 area is an interactive showcase, organized by the National Retail Federation. It simulates the new process of shopping when incorporating the latest technologies, such as augmented reality (AR), artificial intelligence (AI), machine learning, facial recognition, big data and robotics, etc.

Experts shared the view of new retail. They noted that we are on the "Transforming the shopping journey", and the emerging smart technologies are changing both retailers and consumers.

Consumers are increasingly shopping across various channels and expecting the same experience both online and in store. Retailers are balancing the cross of the online and offline shopping experience by using all available tools techniques and resources. However, Retail is an activity through interaction, persuasion and building trust, and meeting each other's needs.

In October 2016, at Yunqi Conference, Jack Ma emphasized new retail and stated: "the next ten years, next twenty years, there will be no called e-commerce, only new retail."

Recently, the large multinational retail corporation Wal-Mart is also promoting the stage of new retail. WAL-MART puts all 4600 stores into E-business. In the context of "Internet +", offline consumption is just like online. Just move your fingers to place the order, but more convenient than online is to actually touch the merchandise itself, which is exactly the advantage for a major physical store that WAL-MART sees.

New retail is really coming.  That’s transforming the process from production to distribution through advanced technologies such as big data and artificial intelligence. Upgrade logistics systems to enhance consumer online and offline shopping experiences and reshape the retail ecosystem.

In the face of the trend of new retail, Telpo has placed higher demands on the security of its internationalized new retail payment solutions and their innovative nature of advancing with the times. During the NRF2018, Telpo launched our newest customized Electronic Cash register machine, which integrated multiple pos enclosures in the retail pos system. Meanwhile, we provide the updated version of basic ECR, the TPS680. It is a 5th Generation Cash register, since its modern appearance and portable body.

Smarter POS, better business! Let's expect!