Sign in or Sign-up Home Featured Articles White Papers Case Studies Products Q&A Examining COVID-19's Impact On The Delicate Balance Between Cash And The Retail And Hospitality Industries Source: APG Cash Drawer, LLC A conversation with Robert Banker, APG Cash Drawer Robert Banker, Director of SMARTtill and Partner Sales at APG Cash Drawer, is a retail technology veteran with extensive experience in solution sales of retail technologies. Before joining APG, Robert led the sales efforts around a variety of software solutions for companies including Toshiba Global Commerce Solutions, IBM, and Tyco Retail Solutions. Robert spoke with VAR Insights about the impact the COVID-19 pandemic will have on the retail and hospitality industries, as well as the future or cash, contactless payment, and cash drawers. Q: When the year began retail growth projections were very optimistic, but the COVID-19 pandemic changed that. With that in mind, what do the next 6 months look like for the retail industry? Banker: I would expect a slow recovery as more retailers open for business and people look to expand their daily activities to include more shopping trips. A large percentage of the population including the “at-risk” groups will be more hesitant about taking unnecessary shopping trips and might opt more for online shopping. The wild card in the equation is the discovery of a vaccine and/or a cure for COVID-19, which would get people back to their previous levels of activities. A second wave or resurgence in cases would also set back retail’s recovery. VIEW THE Q&A! Log In Signing up provides unlimited access to: Free Sign Up APG Cash Drawer, LLC Contact The Supplier Contact Details Company Profile MORE FROM APG Cash Drawer, LLC Dispensary Retailers Focus On POS Technology First, Cannabis Second While the COVID-19 pandemic has caused substantial revenue drops in hospitality and most retail segments, the emerging cannabis space has seen sales increases of as much as 30%. With success come... Retailers’ Post-Pandemic Investments To Focus On Omnichannel In the blink of an eye, the COVID-19 outbreak caused massive upheaval in the retail industry. As retailers look beyond the lockdowns and stay-at-home directives necessitated by the pandemic, some of... Seven Retail Trends To Watch In 2020 The business outlook for the new year is positive. Despite rumblings about a possible recession, the effects of a trade war and an ongoing transformation in retail, the market is showing strong signs... Automated Cash Management Technology Becomes A Time Saver For Pennsylvania Hardware Store Sometimes seeing is believing. Just ask the owners of Quincy Hardware in Waynesboro, PA, who were so impressed with a demonstration of APG Cash Drawer’s SMARTtill ® Intelligent Cash Drawer... Why Retailers Should Include Cash Payments As Part Of Their Post Pandemic Payment Strategy? The pandemic has brought new energy to the cashless movement, but cash still isn’t going away. Too many people, especially the elderly as well as the unbanked and underbanked, depend on legal... Five Post-Pandemic Investments For Retailers Mobile-first Approach: Not Just For Small Shops Anymore Ten Retail Trends To Watch In 2022 Seven Retail Predictions For 2021 Reimagining The Store Of The Future: Retail Adjustments For A Post-Pandemic World APG Cash Drawer Announces New Distribution Channel Sales Manager Cash Advocates Fight For American Freedoms Of Payment Choice In Washington Learn more Got it! Subscribe Newsletter Advertise Ad Specifications Media Kit Request Editorial Article Reprints Editorial Submission Guidelines IRT Magazine Archive Retail Executive Magazine Archive (Pre-Mar 2018) Contact Us Contact Us Work For Us Meet The Team Copyright © 1996-2021 VertMarkets, Inc. All Rights Reserved. Terms of Use. Privacy Statement. Subscriber Request Form. Don't sell my information