A faster, more efficient era of mobile internet has arrived and with it comes fresh opportunities for physical retail.

Currently rolling out across the US, 5G is set to offer increased speed, less latency and greater bandwidth that will impact everything from the back end of retail operations to the customer experience instore.

Here’s what 5G means to retail…

What is 5G?

5G is the fifth generation of cellular mobile telecommunications, so it’s the type of internet you utilise when using a smart phone. It supersedes 4G, 3G and 2G, offering more data, a faster transfer rate, greater efficiency and less latency.

The upshot is, your mobile internet will be faster and more efficient, and there’ll be more bandwidth available for things like video streaming on-the-go.

Now 5G is steadily rolling out across the US and retailers are investigating the best ways to utilise the new technology.

The in-store experience

5G is predicted to be a major driver of the Internet of Things, allowing more devices to connect to mobile internet with greater efficiency.

As AT&T notes that’s going to better cater to emerging trends in retail that shape a shopper’s experience when they enter a store.

That includes a range of new technologies, like:

• personalized digital signage

• magic mirrors

• augmented reality

• virtual reality

• smart shelves

• video and pattern recognition of shoppers

Stores Magazine recently explained many retailers had sought to introduce this technology, but the heavy toll on bandwidth proved a challenge.

“While the hardware for digital fitting rooms, immersive experiences and interactive displays has long been available, retailers have often struggled with adoption due to the heavy bandwidth required to support these experiences,” they note. “5G could potentially eliminate these limitations.”

Mobile apps

Although mobile apps are nothing new, the speed at which they will be delivered and the seamless experience they will offer is set to transform under the guidance of 5G.

As retailers replace fixed internet with more efficient mobile, consumers will no longer have to overcome the glitch of connecting to a store’s network in order to access the benefits, Stores Magazine further explained.

“Having to log into store networks to access in-store functionality has often been a hiccup in the omnichannel experience,” the magazine notes.

“In a fully optimized 5G environment, customers could seamlessly walk in and out of any store with a high-speed, real-time connection that enables them to engage with the retailer throughout the process.”

Store operations

From the mobile Point of Sale to RFID tagging, store inventory and logistics, much of the back-end of modern retail depends upon the Cloud.

5G is set to speed up access to the Cloud, reduce the latency involved, and allow more devices to use and access it effectively at the same time.

This means the Cloud will be accessible in real and immediate time, improving everything from the performance of back-end operations to the reliability and immediacy of mobile Point of Sale.

Data and analytics

To create a personalised, customised experience, retailers are increasingly relying on the gathering of data and analytics.

In the recent retail technology study Wake Up Call for Digital Transformation Intel’s Alex Gefrides noted: “In-store analytics are being applied to every phase of the retail process by determining retail trends, predicting where the demand will be for products, optimizing pricing for a competitive edge, identifying consumer purchasing patterns and behaviors, and other insights for immediate decisions”.

5G will better furnish retailers with the ability to do this in real time.

So much to come

As Stores Magazine notes, the ways in which 5G will transform both retail and the wider world is in many ways yet to be fully explored.

“The faster speeds, performance and bandwidth will transform every industry,” they note. “No one can tell you what the world will look like in 10 years, but because of 5G, it will look very different. The same as it’s very different today than it was 10 years ago.”

With just over a week to go until Mother’s Day, US consumers are set to dig deep, with the National Retail Federation predicting a record $25 billion is set to be spent on gifts.

The event will mark a major boon for retailers, but with some of the most commonly stolen items ranking high on many shoppers’ gift lists, it will also pose a major challenge in shoplifting prevention.

Here’s an insight into the trends driving Mother’s Day 2019, and how retailers can best protect themselves against theft.

Mother’s Day 2019

A recent NRF survey indicates Mother’s Day spending is set to reach a record amount this year, and a greater variety of gifts is on the agenda.

Traditional items like flowers and cards will remain popular but chances are they will be given alongside more unconventional options like massages, electronics and gift cards.

To accommodate the changing trend, the NRF notes many consumers will be relying on retailers to offer gift suggestions.

In fact, 81 percent of consumers noted they would look to retailers for inspiration when making Mother’s Day purchases.

What’s on the gift list

A gift that’s unique, personal and makes a special memory are the main priorities when it comes to this year’s Mother’s Day purchasing.

The NRF notes that’s seeing a major rise in personal service offerings.

“The number of people planning to gift a personal service (like a much-deserved massage) has grown from 16 per cent 10 years ago to about 25 per cent today, and spending on these gifts has nearly doubled,” they reflect.

Meanwhile, consumer electronics and gift cards have also risen in popularity.

“While these gift categories continue to grow, they’re doing so alongside more classic Mother’s Day gifts, rather than replacing them.

“Spending on flowers, for example, has grown by a third over the last 10 years; spending on Mother’s Day jewellery has increased from $2.3 billion in 2009 to over $5 billion today.”

Loss prevention and Mother’s Day

Retailers may be rubbing their hands together in anticipation of a welcome revenue boost, but with increased foot traffic and often-stolen items on ready display, Mother’s Day will also offer a unique set of theft protection challenges.

The latest Global Retail Theft Barometer notes perfumes, jewellery, electronic items and accessories are amongst the most popular items targeted by thieves. They’re also some of the items most likely to be on display over the coming days.

So, what should retailers do?

Top tips to handle the Mother’s Day shrink

Prime your staff – Staff remain a key deterrent for any retail loss, so give them a word to the wise in advance, re-instilling the need to meet and greet customers and remain vigilant about keeping a watchful eye on the floor.

Electronic Article Surveillance – Comprising antenna, security labels, and hard tags, electronic article surveillance is the most effective product-based defence method against loss,.

While often associated with apparel, EAS security tags extend far beyond just clothing. Modern tags include bottle locks designed for wine and spirits, optical locks for sunglasses, and lanyard loops and pins that allow tags to be secured to a wide range of merchandise including hard items.

Secure displays – For high value items or additional stock, secure displays, security packaging and stop locks are also widely used. These are particularly valuable for decreasing the theft of electronics and accessories.

Surveillance – Complementing vigilant staff and EAS is the watchful eye in the sky – CCTV surveillance, and this can act as a theft deterrent as well as a means to catch thieves in the act. To ward off would-be thieves, consider the placement of signage notifying them CCTV is used.

The final word

With a bumper year predicted, Mother’s Day 2019 is primed to offer a major boost for US retailers. However, the busy trading period should also see them turn their attention to security to ensure the gift of Mother’s Day doesn’t lost its shine due to shoplifting.