New ABI Research Report predicts Electronic Shelf Labelling

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Sep 24, 2014 at 4:15 AM

New ABI Research Report predicts Electronic Shelf Labelling market to six-fold over coming five years as a result of digitalization of retail market

Stockholm, 24 September 2014: Pricer, a world leader in providing digital retail solutions to retailers, today commented on the recent ABI Research report, “Next Gen Retail: Electronic Shelf Labels”. The report outlines how ESLs which are Near Field Communication (NFC) or Bluetooth Low Energy (BLE) enabled are set to play an increasingly central role in the retail technology chain. In fact, the report forecasts that over the next 5 years ESLs are set to grow beyond retail markets in legislated countries, with revenues increasing six-fold to almost US$2 billion by 2019. Patrick Connolly, Senior Analyst at ABI Research, stated that: “ESL, in combination with Near Field Communication (NFC) and/or Bluetooth Low Energy (BLE) solves ongoing retailer issues like, out-of-stocks, check-out expenditure reduction, manual price coordination overheads elimination, inventory and store layout management, Omni channel consistency, and efficient price management of shrinkage/perishable goods, delivering an ROI [Return on Investment] within 18 months on these use cases alone. With integrated connectivity, it also brings future potential around dynamic pricing, positive showrooming, tightly integrated in-store advertising/redemption/loyalty, analytics, and pay-as-you-go shopping.” The content of this report is in keeping with Pricer’s overall strategy, which was outlined in the company’s Q2 report. Jonas Vestin, CEO at Pricer, said: “Retailers are being increasingly attracted to the revenue-enhancing possibilities offered by new and emerging technologies. Pricer’s digital retail platform will play a major role in creating truly ‘connected stores’, allowing retailers taking full advantage of these fresh opportunities and improve store performance, simplify price optimisation between physical and online stores, advance customer satisfaction and loyalty – and ultimately boost their bottom -line.” Pricer has already proven the concept with the recent implementation of their solutions in Carrefour’s new flagship store in Paris. The store became the first worldwide to allow customers to benefit from Pricer’s digital retail platform using indoor navigation, mobile shopping and NFC enabled SmartTAGs. The project has been shortlisted for prestigious international retail awards. For further information please contact: Jonas Vestin, CEO Pricer AB: +46 8 505 582 00 In its capacity as issuer, Pricer AB is releasing the information in this press release in accordance with the Swedish Securities Exchange Act (2007:528). The information was distributed to the media for publication at 10:00 hrs CET on Tuesday, September 24th, 2014. Pricer provides the retail industry’s leading electronic display and Electronic Shelf Label (ESL) platform, solutions, and services for intelligently communicating, managing, and optimizing price and product information on the retail floor. The platform is based on a twoway communication protocol to ensure a complete traceability and effective management of resources. The Pricer system significantly improves consumer benefit and store productivity by simplifying work in the store. Pricer, founded in 1991 in Uppsala, Sweden, offers the most complete and scalable ESL solution. Pricer has installations in over 50 countries with the largest ESL world market share. Customers include many of the world’s top retailers and some of the foremost retail chains in Europe, Japan and the USA. Pricer, in co-operation with qualified partners, offers a totally integrated solution together with supplementary products, applications and services. Pricer AB (publ.) is quoted on the Nordic Small Cap list of OMX. For further information, please visit www.pricer.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Sony Expands Versatile Wireless Headphone Lineup: 2026

Renewed Focus on Sound: Sony's Latest Headphones Sony's dipping into the headphone market this time with a splash of style and sound signature updates. We've got the WH-1000XM4C, a next-gen version of the top-dog noise-cancelling cans, that are gonna catch the eye of every audiophile and traveler out there. WH-1000XM4C: The Flagship gets a Lift What they're offering is...

GEEKOM A5 2027: Mini PC Built to Boost Your Game

GEEKOM Raises the Bar with A5 2027 Build Every once in a blue moon, a piece of tech pricks up my ears and this time it's the GEEKOM A5 2027 Edition. Released on September 7, 2026, this contraption's not just joining the ranks—it's looking to redefine them. It's geared for the real-world junkie who’s raking through browser tabs, dropping into video meetings, and making...

Lab Glassware Market Set for Steady Growth by 2031

When you dive into the world of laboratory glassware, it might look like it's all pipettes and test tubes, but there's more bubbling under the surface. This market's got its eyes on a neat little climb from $7,630 million in 2026 to a forecasted $9,170 million by 2031. Ain't just speculation—this one's solid muscle growing at a comfortable 4.0% compound annual growth...

WaFd and EverBank $3.9B Deal Spurs Big Bank Shift

Remember the good old days when banking was just about collecting interest? Now it's all about combining forces to bolster strength, and that's just what we're seeing with WaFd, Inc. (NASDAQ: WAFD) and EverBank Financial Corp flipping the script and shaking hands on a $3.9 billion reverse merger. Strategic Vision: A New Chapter They're calling it a 'strategic...

Hims & Hers Health Hit by FTC Claims and Class Action

Hims Faces Harsh Lessons With FTC Lawsuit There's trouble brewing in the world of telehealth, and Hims & Hers Health (NYSE: HIMS) is right at the eye of the storm. They've gone from a darling of digital health to a pariah faster than you can say 'data breach.' On July 29, 2026, they took a hit so hard you’d think the company stepped into the ring with a heavyweight...

CABP Market Sees Potential in New Treatments Rising

Rising Threats and New Solutions in CABP Market Listen up, folks. The community-acquired bacterial pneumonia (CABP) market is set to swell. And why is that? Well, it's got everything to do with a growing disease burden, aging populations, and complications from comorbid conditions. But here's the kicker: antimicrobial resistance is climbing like a cat up a tree, and that...

West Texas Weather Shapes Home Design Decisions

West Texas Weather: A Tough Customer for Home Builders You'd think building a house is a straightforward gig, but slap it down in West Texas, and we're talking a whole different ballgame. With its brutal heat, howling winds, and wild temperature swings, Odessa isn't just painting by numbers. It's where Mother Nature is your uninvited consultant on every single...

GBC 2026 Wraps Up: Korea Eyes Bio Industry Leadership

GBC 2026: Korea's Giant Leap in Bio Innovation Well, there wasn't a dull moment at the 'Global Bio Conference 2026' in Seoul. Picture a melting pot where 5,600 participants from 19 countries converged to chat about the latest and greatest in biopharma innovation and regulatory strategies. That's not a setup you see every day, mind you. This event packed the room with...

Dentsply Sirona Faces Insider Troubles: An Investor Call

Are Dentsply Sirona Insiders on Thin Ice? The stock market's a tumultuous sea, and right now, it seems like some of those at the helm of Dentsply Sirona Inc. might be rocking the boat a bit too much. Let me tell you, navigating these corporate storms isn't for the faint-hearted. The latest noise coming from Halper Sadeh LLC suggests that some directors and officers over...

DoorDash Speeds Up Gifting: Same-Day Delivery Wins

Transforming Urgent Gift-Giving with Local Delivery Ever found yourself scrambling for a last-minute gift when time seems to be slipping away? That's where DoorDash steps up, changing the game with their same-day delivery options. In the fast-paced world we're living in, folks aren't just leaning on DoorDash for takeout anymore. They're pushing it as a lifeline for...