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Pricing must be accurate and consistent across the chain’s stores. Even small shortcomings quickly lead to a loss of customer confidence and lost sales opportunities.
Traditional, paper-based price tags are not well suited to dynamic pricing. Competitive campaigns are not implemented.
Printing, exchanging and updating paper price labels takes significant time and resources from shop staff, limiting operational efficiency and productivity.
The EU’s Omnibus Directive requires companies to charge transparently. Shortcomings in price labelling can lead to costly penalties.
If yes, storefy Electronic Shelf Labels are the right solution for your store chain!
The EU’s Omnibus Directive came into force on 1 January 2023 and aims to clarify how businesses communicate their discount and promotional prices to consumers. As a general rule, price indications for promotional products must show the lowest price of the product in the 30 days preceding the offer as the reference price. Failure to comply with the Directive can result in very substantial financial penalties for businesses.
Fortunately, the storefy ESL system makes it easy to comply with the Directive. The price indications required by the Directive are automatically displayed on the price labels.
storefy ESL system
The storefy ESL system makes it easy to launch a campaign and roll it out at store level. The campaign prices and also the way the prices are presented are available for all campaign products and all stores in the chain simultaneously and quickly.
Dynamic pricing means in practice that the best price available for a product varies depending on the time and the customer. Dynamic pricing is based on price portability. In other words, a company sells the same product at a different price at a different time or to different customers.
Electronic Shelf Labels can be scheduled to display the desired price at a selected time of day or can be quickly updated as the need arises. For example, a company that wants to distinguish itself as the cheapest in the industry discovers that a competitor is selling a product at a lower price and needs to lower its own price below that. The price update is done in an instant. Of course, the dynamic also works in the other direction.
A wide range of different tag designs and fasteners are sure to have a digital shelf label that suits your purposes and needs. More special implementations are also possible. Tags can be branded according to the customer’s wishes and can also present other information in addition to the price. Larger sized tags can accommodate more product titles. ESL tags require minimal maintenance of any kind.
We’ve made it as easy and risk-free as possible to get electronic price tags.
Electronic Shelf Labels are a part of the storefy retail solution portfolio, which includes adbot, Digital Window Displays, Digital Signage CMS, Tabletop Advertising Display, Digital A-board, Entrance Furniture and other solutions that improve store efficiency and customer experience.
Electronic Shelf Labels are a part of the storefy retail solution portfolio, which includes adbot, Digital Window Displays, Digital Signage CMS, Tabletop Advertising Display, Digital A-board, Entrance Furniture and other solutions that improve store efficiency and customer experience.
59 € / month / store
+ labels and devices
79 € / month / store
+ labels and devices
129 € / month / store
+ labels and devices
179 € / month / store
+ labels and devices