“If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos
What started as a big experiment in 2015, nowadays is cashierless experience at its best.…
In the retail industry, many companies are trying to shake up the way shoppers shop. Whether it’s Amazon challenging traditional brick-and-mortar stores or Walmart and Target fighting for the supremacy in eCommerce – it’s a battle that will reshape the future of retail forever.…
Cashierless Industry Insights
Cashierless Technology is on the rise worldwide. With more than 3.000 Cashierless Stores worldwide this number is expected to increase to more than 10.000 autonomous stores in 2024. By comparison, Walmart alone has more than 10.000 stores worldwide. The world’s top 250 retailers generate an annual revenue of almost 5 trillion USD.
Cashierless Stores Worldwide
Imagine only 10% of these brick-and-mortar stores becoming Cashierless Stores within the next five years. They would generate at least 500 billion USD in revenue with the help of Cashierless Technology. You think that’s impossible? Maybe. But it shows the huge potential of the technology. And once more affordable Cashierless options are offered to smaller stores, this technology will go mainstream.
Cashierless Checkout & Shopping Experience
Consumers worldwide love online shopping because of its convenience. On the other hand, customers prefer to choose products by themselves, especially fresh ones. Cashierless Checkouts combine the convenience of online shopping with the hands-on experience of traditional shopping. No queueing, no search for credit cards or cash and no waiting for the delivery. Furthermore, many useful information for both the shops and the shoppers. On products, shopping behavior & preferences. Cashierless Stores make it as easy as possible for customers to get what they want and makes them more likely to come back.
The future of Cashierless Technology
Imagine a world where you can enter any store at any place without even thinking about the hassle of paying or queueing. Simply go in, grab what you like and leave. A sandwich and a hot cup of coffee while shopping? No problem. Cities worldwide search for solutions to take on the booming online industry. Empty streets lead to empty stores and less business. It’s a vicious circle. Cashierless Technology can be the missing link between online and offline and help to revive shopping streets worldwide. The Cashierless Future is here.
Why Are There Not More Cashierless Stores? What Are the Limiting Factors?
Cashierless ExperienceYou’re done shopping and want to check out. Now you must wait your turn in a long line to complete payment. Every shopper can understand this experience.
The emergence of cashierless stores has redefined how people shop.…