esLabels is here to bring Australian stores into the digital world!
Electronic Shelf Labels (ESLs) will revolutionise how prices are managed in-store. With a range of digital price labels that connect to the stores POS system, pricing is managed and deployed from head office, in real time.
Comments from Ruth Hurley, esLabels Marketing Manager
“It’s amazing really that in this day and age over 99% of stores still use such an archaic and manual system to display their prices. In a world of web 2.0 (or are 3.0 now?), where augmented reality is a staple in most marketing strategies, 3D printers can create human body parts and a virtual currency can exist in the digital world, why are bricks and mortar retailers still spending a huge amount of resource printing and changing product price labels by hand?
If you think an average supermarket holds about 40,000 types of products, many of which will have fluctuating market values that constantly effect the consumer price, not to mention the multitude of promotional prices that need to be deployed each day, that’s a lot of price changes to manage manually. Implementing an esLabels solution means that all price updates can be managed and deployed by head office, in real time, drastically reducing labour and printing costs and streamlining a highly inefficient process.
Real-time pricing also opens the door to a whole new realm of pricing strategies aimed at optimising sales, such as time or event-based pricing. For example a retailer can respond to a change in the market value of fish in minutes instead of days; or deliver a competitor response price change almost immediately. No longer will you experience revenue leakage from inaccurate or delayed pricing in-store. Speaking of inaccuracies, did you know that the human error rate for manual price changes is 6%, that’s 2,400 products of your 40,000 that could be priced incorrectly! By digitalising pricing you ensure accuracy, you ensure the alignment of online and offline pricing and lastly you ensure efficiency.
And it’s not just operational folk that will love our electronic labels, Marketing Managers will also be in ore of our beacon marketing technology. When linked to a smartphone app, our labels can enable beacon marketing strategies such as location triggered products offers, and functional services like guiding you to your product of interest. This hot topic isn’t just a buzz word, think how helpful that would be in some stores, for example Bunnings - I don’t think I’ve ever found what I’m looking for without having to ask a member of staff to direct me!
This solution is not just for supermarkets, it’s perfect for any retailer who holds a range of products that change in price frequently, especially franchises or retailers that have a large network of stores. Internationally it’s proven to be highly successfully for electronics stores, liquor stores, convenience and department stores.”
esLabels works with one of the world’s leading Electronic Shelf Label producers, to deliver this premium solution at an affordable price point to the Australian market.
esLabels provides a customised solution for each business, managing everything from consultation to installation and ongoing support.