Its mobile POS system tops $1B in supported sales

By Alan Wolf, YSN

STORIS, a BrandSource Gold Provider Partner, celebrated a pretty big milestone in mobile commerce last year.

The company’s web-based NextGen mobile POS (point-of-sale) system passed the billion-dollar mark by processing $1.4 billion in annual revenue for retail sales associates in 2023. Pushing it over the top was a surge in transactions over the holiday season, with NextGen processing $675 million in purchases over the last 60 days of the year. Some $50 million in revenue moved through the platform during Black Friday alone, which processed a transaction ever 2.6 seconds.

Related: STORIS Takes the Gold in POS Retailer Survey

STORIS said some 10,000 furniture salespeople used its mobile POS system to close record-breaking holiday sales, which is reflective of a larger industry trend. According to data resource Statista, mobile POS transactions across the U.S. are expected to hit $1.3 trillion by 2027, growing at a compound annual growth rate (CAGR) of 18.5% over five years.

STORIS noted that the growing adoption of mobile POS solves a top consumer pain point for in-store shoppers, who sounded off in a 2023 Theatro Survey on Retail Customer Experience.  According to respondents, long lines and crowds were the most frustrating aspects of brick-and-mortar retail for 71% of customers. 

“Mobile POS removes friction in retail with its precise inventory data and ability to checkout orders from anywhere during peak sales surges,” observed Mark Braun, product manager for STORIS NextGen. “In 2024, retailers must meet customers where they are — anywhere, with the experience they crave: mobile.”

STORIS said it launched key mobile functionality last year, and now offers such features as barcode scanning, special order configuration, remote manager overrides, available-to-promise and expanded payment partners through its mobile POS platform. To learn more about STORIS NextGen, schedule a virtual product tour or visit STORIS at this month’s Las Vegas Winter Market

Upcoming Events