Global Research and Advisory Firm IHL Group Names Epicor Leading POS Software Vendor for Both Specialty Soft Goods and Hard Goods Retailers and a Leader in Mobile POS Software Market in New Reports
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, recently announced the company has been named the number one vendor of point of sale (POS) software among the 200 leading specialty soft goods retailers and hard goods retailers for the fourth consecutive year in *studies published by global research and advisory firm IHL Group. As well, Epicor was named a leader in the fast growing North American mobile POS software market, according to another new **research report from IHL Group.
Epicor retail software solutions enable retailers to meet the evolving merchandise and service expectations of today’s cross-channel shoppers. Delivering comprehensive POS systems and enterprise retail systems to regional chains and multichannel global brands, Epicor retail software offerings are aligned with the top store system priorities outlined in IHL’s reports. With extensive capabilities in loyalty, mobility, inventory visibility and cross-channel integration, Epicor gives retailers the edge to inspire customers and build brand loyalty.
According the IHL study, Epicor is the leader in number of accounts and revenue share over other top POS vendors in IHL’sPOS Software for Softgoods Retailers report. This year also marks nine years that Epicor, and its acquired affiliates, have topped IHL’s annual leading POS software vendor ranking, that evaluates POS software installed among the leading 200 North American retailers in the specialty soft goods space including apparel, jewelry, luggage and shoes.
In IHL’s POS Software for Hardgoods Retailers report, Epicor leads in revenue share of the Top 200 hard goods retailers, retaining its first place position for a fourth consecutive year. The report evaluates vendors of POS software installed among the leading 200 retailers in hard goods segments such as DIY, consumer electronics, hardware and home center, pet and sporting goods stores, among others.
IHL’s Mobile POS Software Market Share report, issued in early October, tracks the shipments, installed base, and forecast for the top 20 Mobile POS Software companies selling to large retailers and top 20 selling to small merchants. According to the report, Epicor leads in mobile POS market share among the enterprise retailers today.
IHL says mobile POS installs are expected to grow by 110% this year as more retailers replace electronic cash registers and POS terminals with mobile devices. And overall Mobile POS shipments will grow by over 325% by 2018.
“Specialty retailers are facing numerous challenges today; in particular, growing competition from mass merchants continues to create increasing economic pressure,” said Greg Buzek, founder and president of IHL Group. “Innovative use of technology can help them stay ahead of the curve, with the ability to anticipate and take advantage of changing trends being critical to success. Implementing the right technology can deliver the significant competitive edge they are looking for -- from traditional POS, mobile, and e-commerce, to CRM, cross-channel selling, merchandising, and inventory management -- all of which Epicor has in their solution suite. These are essential to help specialty retailers meet the evolving expectations of cross-channel shoppers today.”
“We are proud to again be recognized as the leading POS vendor in both IHL’s specialty soft goods and hard goods rankings, and a leader in the fast-growing mobile POS market – a testament to the value customers gain from Epicor solutions,” said Joe Cowan, president and CEO of Epicor. “We take a customer-first approach to all the markets we serve, and for our specialty retail customers, we are focused on helping them increase sales, boost consumer loyalty and create a better overall customer experience. We give our customers freedom of choice to deploy solutions in the cloud or on-premises, or a combination of both, with access from any device – anytime, anywhere.
Cowan added, “We are continuing to innovate and deliver next-generation technology that enables our customers to transform their businesses to meet the rapidly evolving needs of today’s multichannel consumer. Backed by our expertise in optimizing operations, we are enabling retailers globally to provide a seamless experience to consumers in all of their interactions, across all of their channels.”
*Methodology for the 2014 POS Software Market Studies
IHL Group is a global research and advisory firm specializing in technologies for the retail and hospitality industries. The company, based in Franklin, Tenn., generates timely data reports, offers advisory services and serves as the leading retail technology spokesperson for industry and vendor events. The annual rankings conducted by IHL are based on the following criteria: Number of vendor accounts among the top 200 retailers in both the specialty hard goods and soft goods segments; estimated number of POS systems running the vendor’s software based on store count and lanes per store data; and, the total revenue represented by the vendor accounts.
**Methodology for the 2014 Mobile POS Software Vendor Market Share Report
Vendors were evaluated regarding Mobile POS Software shipments and installed base in regards to the following criteria: Total Market; Market Share in retailers with fewer than 50 stores; and Market Share in retailers with more than 50 stores.
About Epicor for Retail
Epicor provides retail management software to meet the needs of today’s multichannel specialty retailers from Main Street to the Mall. Epicor delivers advanced solutions for retailers seeking to streamline processes, integrate channels, maximize profitability, leverage intelligence and inspire customers. End-to-end solution suites from Epicor are designed to meet the evolving merchandise and service expectations of today’s connected, cross-channel shoppers, and the business requirements of the most demanding soft goods, hard goods and specialty retail environments in a variety of industries including apparel, footwear, discount, general merchandise, automotive aftermarket, lumber and building materials, nursery, and pharmacy. Thousands of leading companies -- from Aeropostale, Aftermarket Auto Parts Alliance and Build-A-Bear Workshop, to General Nutrition Centers, True Value Company and VF Corporation -- trust Epicor to help them remain current, competitive, and consistently strong.
About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering inspired business software solutions to the manufacturing, distribution, retail and services industries. With over 40 years of experience serving small, midmarket and larger enterprises, Epicor has more than 20,000 customers in over 150 countries. Epicor enterprise resource planning (ERP), retail management software, supply chain management (SCM), and human capital management (HCM) enable companies to drive increased efficiency and improve profitability. With a history of innovation, industry expertise and passion for excellence, Epicor provides the single point of accountability that local, regional and global businesses demand. The Company’s headquarters are located in Austin, Texas, with offices and affiliates worldwide. For more information, visit www.epicor.com.