Croatian Retailer Studenac is Implementing Electronic Shelf Labels
References: studenac.hr & retailtechinnovationhub
Croatian retailer Studenac is implementing electronic shelf labels (ESLs) throughout its store network, marking a significant step towards modernizing its operations. This initiative aims to enhance price accuracy, improve operational efficiency, and offer a better shopping experience for customers.
The deployment of ESLs will replace traditional paper price tags with digital displays, allowing for real-time price updates and reducing the labor costs associated with manual price changes. This technology ensures that prices are consistently accurate across all stores, minimizing discrepancies and enhancing customer trust.
"[Today] I spent a day in a store in Zagreb, as a part of the initiative From Office to Store and most of my morning went on fulfilling the shelves with fresh fruits and veggies and removing the old ones. I have to notice that my effort wasn't wasted, and the neat and tidy display actually got the attention of the buyers," said Ivana Kršić, Head of Innovation at Studenac.
Image Credit: Studenac
The deployment of ESLs will replace traditional paper price tags with digital displays, allowing for real-time price updates and reducing the labor costs associated with manual price changes. This technology ensures that prices are consistently accurate across all stores, minimizing discrepancies and enhancing customer trust.
"[Today] I spent a day in a store in Zagreb, as a part of the initiative From Office to Store and most of my morning went on fulfilling the shelves with fresh fruits and veggies and removing the old ones. I have to notice that my effort wasn't wasted, and the neat and tidy display actually got the attention of the buyers," said Ivana Kršić, Head of Innovation at Studenac.
Image Credit: Studenac
Trend Themes
1. Real-time Price Updates - The shift to electronic shelf labels permits immediate pricing changes, fostering dynamic pricing strategies.
2. Enhanced Customer Trust - Consistently accurate prices facilitated by ESLs build stronger customer confidence and satisfaction.
3. Operational Efficiency - Reduction in manual labor for price changes greatly streamlines store operations and lowers costs.
Industry Implications
1. Retail Technology - Electronic shelf labels represent a major advancement in retail tech, revolutionizing in-store pricing management.
2. Digital Displays - Innovative electronic displays replace traditional methods, opening new markets for suppliers and manufacturers.
3. Supply Chain Management - Automation in price updates enhances the overall supply chain efficiency by minimizing human error and lag.
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