Tag Archives: automated retail

Future Retail – Inside Amazon Go, a Store of the Future – The New York Times

Future Retail
future retail

The future retail technology inside Amazon’s new convenience store, opening Monday in downtown Seattle, enables a shopping experience like no other — including no checkout lines.

Source: www.nytimes.com

New Cashierless Smart Store – Prototype in California

Automated Retail – the Cashierless Retail – Smart Store

cashierless retail smart store

New Smart Store without Cashiers – Prototype in California – Retail Industry News & Automation

Source: retailsystems.org

Look Ma.. no cashier!

Key cashierless elements to consider

  •  Retailers must accept all forms of payments including EBT within the mobile wallets
  • Training of consumers will lead to greater adoption of unique store concepts
  • Technology uptime in cashierless stores is bound to experience periodical complexities including, but not limited to, automated checkout. As a result retailers should prepare a fall back plan to prevent customer backlash
  • New store concepts are more effective when targeted towards specific customer segments
  • Cashierless stores could save customers time if executed properly– specifically due to the time saved in terms of scanning/bagging and customers using automated mobile wallets for payments. According to a recent Ensemble IQ and Amex survey, average mobile wallet transaction time is less than 1 minute compared to an average of 2.3 minutes for credit/debit cards. Millennials and others in this research study indicated that they want a greater degree of freedom in terms of their overall shopping experience including checkout.