The concept of cashless
stores was introduced by the giant Amazon in the US. Now, a lot of other
firms are trying out this technology. Indeed, the ‘Just Walk Out’ shop has
proven to be beneficial when it comes to digital investments.
That the why the four leading supermarkets in the UK are
looking into this. However, currently, this model is available at high street
stores only; not superstores. There are mixed opinions on this project. Sachin
Jangam, Partner for Retail at Infosys Consulting, argues that there are still
some issues related to economics that have to be sorted out. He advances that
these outlets have a reduced product range, high rental costs and they require
significant investment. According to him, ‘Just
Walk Out’ shops will remain in a trial period for the next few years before
massive roll-outs are conducted. This is because besides the technological
aspects, firms also have to be mindful of the profitability of adopting such a
model.
Nonetheless a lot of companies in the UK are testing this cashierless
system. Some of them are Morrisons, Tesco, Amazon
Fresh and Imagr. Keep reading the articles posted on this blog to
learn more about the facilities that they have rolled out.
Photo Credit: Alexas_Fotos from Pixabay
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