Loop Insights Inc (CVE:MTRX) said Monday it is launching a new initiative to help retailers and hospitality storefronts land on their feet after the coronavirus pandemic eases.
The new initiative, called “Sharing is Caring,” is designed for small business owners facing uncertainty after most governments mandated non-essential retail and food establishments to close their doors in an effort to halt the spread of the virus.
Vancouver-based Loop is offering a free three-part webinar series to discuss the state of the retail industry and share ways that business owners can prepare for the eventual reopening of physical stores.
READ: Loop Insights gets $100K from Amazon Web Services to advance its AI brick-and-mortar retail program
The series will focus on the need for brick and mortar businesses to adopt a digital strategy, Loop said, while the content of the webinar will look at how retailers can “digitally transform” their operations.
Led by Loop CEO Rob Anson and CSO David Salisbury, the series will guide participants through the firm’s artificial intelligence solutions designed for the retail world. The technology provides tools to enhance and personalize the customer experience.
Loop said it was “confident” that brick and mortar retail can survive the unprecedented period and invest in its future.
In a statement, Anson said he was “very proud” of the ‘Sharing is Caring’ initiative.
“Our team did an amazing job developing this Loop webinar platform quickly, in order to assist businesses with their recovery plans,” he added.
“As we value our relationships with our clients, it is very important for us to support brick and mortar’s comeback. We would like to offer a free 60-day trial for interested brick and mortar retailers or operators—to kickstart a future that entails long-term sustainability and continual new-line revenue opportunities.”
The first webinar begins on April 13 for participants registered through Loop’s website.
Loop recently received $100,000 in development funds from Amazon Web Services, allowing the company to enhance the functionality of its artificial intelligence platform designed to level the playing field between brick-and-mortar retailers and their online competitors.
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