Paperless saves time and money, why retail needs to upgrade to electronic shelf labels
The retail industry is currently facing numerous challenges, from inflation to unpredictable shopping patterns brought on by the Covid-19 pandemic. These factors are affecting various stages of the product lifecycle, including buying, allocation, ranging, assortment, replenishment, and markdowns, resulting in reduced margins. In response, retailers are turning to electronic shelf labels (ESLs) to tackle the high cost of labour, which has become more pressing due to the shortage of available workers.
How Much Do (ESLs) cost? – Part 2
The cost of an Electronic Shelf Label (ESL) project depends on various factors. In Part 2 of this series, we will explore the other elements that influence the cost of an ESL project.
How much do Electronic Shelf Labels (ESL) Cost?
Electronic Shelf Labels (ESLs) are becoming increasingly popular among retailers in Australia, with major retailers such as Woolworths, Aldi, and Dan Murphy's rolling out this technology. The demand for electronic price tags has never been higher, as retailers are looking for ways to overcome challenges such as staffing issues and volatility in pricing levels from suppliers. However, one of the most common questions business owners have about this technology is the cost.
2023 The year of Electronic Shelf Labels
Although used extensively overseas electronic shelf labels (ESLs) have not been popular in Australia. This is starting to change as retailers are starting to install ESLs and we are starting to see it becoming a much more talked about topic in the retail and wholesale industries.
7 Main Benefits of Electronic Shelf Labels
The most obvious is the ability to change prices automatically and in numerous locations remotely. You can update new prices and promotional offers to all products in-store (and many stores), at the one time
How do Electronic Shelf Labels Work?
Electronic Shelf Labels (ESLs) display information on individual price screens rather than printing out and placing paper labels throughout the store. Through a local network, electronic shelf labels can easily update the prices whenever necessary.