This is a preview of The In-Store Checkout Report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all E-Commerce industry research reports.
Although there are only a handful of autonomous checkout stores today, the technology has seismic repercussions for in-store retail. These stores, which allow consumers to walk in, grab what they want, and exit without physically checking out, are setting a new standard for convenience in the in-store shopping experience.
Much like card payments improved the experience of fumbling for cash and waiting for change, a checkout-free experience will consistently reduce time and effort: Consumers will be able to pay automatically after identifying themselves via a profile with a preselected payment method.
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See Also:
- Instacart and DoorDash raise funds as the pandemic highlights their value
- Starbucks is closing up to 400 North American stores and replacing them with takeaway-focused locations
- Reopened Macy's and Kohl's stores are seeing sales recover to closer to pre-pandemic levels
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