Verge's Retail Convergence Forum to Discuss Future of Market in Nigeria

Retail convergence as the gathering of retailers of all sizes and retail service providers, will provide opportunity for players to discuss industry trends, challenges, opportunities and the role technology plays in the future of retail in Nigeria and Africa.

According to Verge which spearheads convergence forum, the platform will enable retailers take advantage of new resources, technology and a network of other retailers to optimize their operations and stay competitive.

While addressing the media on the proposed conference, Mr. Francis Osifo,‎ founder of Verge said that  the 2016 edition is billed to have over 200 retail business owners and service providers in attendance and the focus is on “Data driven insight: Optimizing your retail operations based on business data «with sub themes focused on key areas like: ‎The role of technology in Retail;‎ Inventory management and logistics; ‎Customer experience and relationship management; ‎Accessing and financing operations and ‎Online & offline operations: Finding a balance.‎
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The event is scheduled to hold on the 16th of April at IDEAHub Lagos, 296 Herbert Macaulay way, Sabo Yaba, Lagos State and is completely free to attend, participants are expected to register at the event website: www.retailconvergence.com.ng

'According to a report by Mckinsey the retail sector is worth over $500B and it is estimated to be worth $1Tr by the year 2025 but from our analysis over 30% of that revenue generated is lost due to lack of proper solution to manage operations, pilfering, no customer insight and many other challenges affecting the sector. We know that this conference will enable participants explore avenues to their retail businesses even in present economic climates.

'The event will avail participants to network, discuss and share experiences as well as receive amazing discounts and special offers from all our several of our partners plus the opportunity to meet and interact with several of our exhibitors as well as other industry players,' Osifo said.

He said that as a firm they are committed to creating a platform that enables retailers leverage technology in their business to become more efficient, removing leakages and ensuring management control by the owners and management of the retail businesses.

'we also believe as retail customer’s daily demand more in terms of quality of service delivery and how they interact with the brands, the retailers that will thrive are those focused on implementing a structure that helps them understand the unique needs of their clients, making decisions driven by data rather than assumptions,' the Founder said.‎

Verge is a complete retail management solution for micro, small and medium scale retailers.

They help identify critical cash leakages in the business and other operational inefficiencies and recommend steps to mitigate them by connecting and analyzing critical business data across your outlets.‎‎