With The Use of Electronic Shelf Label Can Enjoy an Increase in Sales

 

Electronic Shelf Label 

Electronic shelf label is a system used by retailers to display pricing on retail shelves. It automatically updates product pricing whenever the price changes. It is controlled by a central server and the display modules are attached to the front edge of retail shelving. This system is often referred to as an in-store labeling system. Moreover, it can display information on products at a variety of price points, including the current price of the product.

The global Electronic Shelf Labels Market was valued at US$ 464.6 Mn in 2018 and is expected to exhibit a CAGR of 12.9% over the forecast period (2019-2027) and reach US$ 1,309.3 Mn in 2027.

First, it reduces labor costs. It can handle different lighting situations, including low-light situations. It also doesn't overlap with any commonly used wireless devices. ESL require specialized software that matches the label management system. These applications provide a range of benefits to the end user. In addition to lowering labor costs, these solutions can also increase the accuracy of prices. Hence, these shelf labels are an excellent option for retailers looking to maximize sales and improve customer satisfaction.

Furthermore, by using these system helps retailers show price and inventory information to shoppers. These shelf labels also allow retailers to automatically update prices and other information without requiring staff to update each label individually. There are many benefits associated with electronic shelf label, but the most important benefit is their flexibility. With the growth in the retail sector, shelf labels have become a convenient, less complicated solution. They can be easily installed and maintained in an existing retail space. This technology makes the entire process more efficient. Moreover, these shelf labels are more affordable than ever before. Moreover, they also improve customers' convenience. With the help of a shelf label, the retail sector can enjoy an increase in sales. Several key players in the electronic shelf label industry have entered the market in recent time.