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Trigo Raises $100 Million to Fuel Expansion of Cashier-Free Checkout Technology

Retail TouchPoints

Computer vision company Trigo has raised $100 million in a new equity financing round. The solution provider will use the funding to scale deployment of autonomous urban supermarkets across Europe and the U.S., The technology aims to enable frictionless checkout, real-time inventory tracking and other technologies. “By

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One of every four shoppers say shoplifting is justifiable, survey shows

Inside Retail

However, 44 per cent of the participants said that it is justifiable to taste a fruit in a supermarket without buying it. In addition, 40 per cent said that it is justifiable to take supplies from the place of employment while 37 per cent believe it is justifiable to scan items as cheaper items when using self-checkout terminals.

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Which Approach To Self-Service Grocery Checkout Will Emerge As The Standard In 2023?

Retail Minded

Although self-service checkouts were first introduced in 1986 , they are still far from perfect. University of Leicester’s Adrian Beck, a retail finance expert, estimates that moving half or more of transactions to self-service pushes losses 77% higher. Frictionless checkout makes shopping seamless for everyone.”.

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Gen Z’s Message to Merchants: Meet Us in the Metaverse

365 Retail

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

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High street spending slowed during rainy August, while ‘Barbenheimer’ doubled cinema ticket sales

A1 Retail

Supermarkets and food and drink specialist stores also saw weaker spending growth (4.5 The majority of these supermarket savers are buying budget or own-brand goods over branded items, as well as cutting down on luxuries or one-off treats for themselves (both 52 percent). Spending on essentials saw just 1.0 percent and 4.9

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April Consumer Card Spending Growth Fails to Match Inflation; Brits Turn to Cost-Saving Strategies Amid Rising Expenses

365 Retail

per cent) – as rising costs continue to place pressure on Brits’ finances. This comes as nearly nine in 10 shoppers (89 per cent) say they are concerned about the impact of rising food prices on their household finances, while 67 per cent are looking for ways to reduce the cost of their weekly shop. Consumer card spending grew just 4.3

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Consumer spending grew just 4.3 percent in April, yet summer holiday planning and Eurovision ticket sales boosted travel and entertainment

A1 Retail

percent) – as rising costs continue to place pressure on Brits’ finances. This comes as nearly nine in 10 shoppers (89 percent) say they are concerned about the impact of rising food prices on their household finances, while 67 percent are looking for ways to reduce the cost of their weekly shop. Spending on fuel dropped -9.3