Retail technology refers to the tools and systems that help businesses manage their operations, improve customer experiences, and increase sales. This includes point-of-sale (POS) systems, inventory management software, and e-commerce platforms. These technologies streamline processes, making it easier for retailers to track sales, manage stock levels, and analyze customer data. Additionally, retail technology encompasses innovations like mobile payment solutions and customer relationship management (CRM) systems. These advancements enable retailers to engage with customers more effectively, offering personalized experiences and promotions. Overall, retail technology plays a crucial role in modernizing the shopping experience and enhancing operational efficiency.