Home » Retail News » Latest Retail Trends » Grab-and-go technology ramps up

Grab-and-go technology ramps up

Image: maroke/Adobe Stock

The world appears to be on the cusp of a major national breakthrough with regards to a literal “grab-and-go” shopping experience. The cashier-less payment procedure has been steadily gaining in popularity. For example, Amazon’s “Just Walk Out” technology, in which camera sensors are utilized for a contactless purchase, is used in many of its Amazon branded stores, as well as some Hudson airport shops and, most recently, in a Whole Foods Market in Washington, D.C., last February. But the Amazon technology has some competition.

In August, Standard AI, the computer vision technology company, partnered with Chartwells Higher Education, a college dining foodservice provider, to open at least 100 of its autonomous store concepts in college campus convenience stores throughout the country. The Standard AI technology has already had a trial run at convenience stores at the University of Houston, the University of Texas in Dallas and at San Jose State University in California, to much success. The Standard AI technology has also appeared in two Circle K convenience stores in Arizona.

Unlike the Just Walk Out technology, in which new building construction has been needed to install the cameras and the shelf weight sensors, Standard AI is able to easily retrofit an existing store. These stores can also remain open and in operation while this transition takes place. In addition, there are no sensor gates to walk through at the entrance or exit; there is only a QR code needed to be scanned at the entrance.

Introducing this technology at college campus stores ensures that the next generation of shoppers will be familiar and comfortable with the concept, and these consumers will probably seek out this convenient shopping experience in the future. The cashier-less technology also helps solve labor shortage concerns, as well as any “long line” issues that can arise during heavily trafficked times of the day. As more competition arises with the different cashier-less technology service providers, the concept is guaranteed to improve and to appear in more and more retail destinations.

You May Also Like

Sale of the Week: Riverview Plaza in Frederick, Maryland

Finmarc Management, Inc. acquired Riverview Plaza, a 185,275-s.f. regional shopping center in Frederick for $30M. The center is anchored by T.J. Maxx, Michaels, PetSmart and Bob’s Discount Furniture, and shadow anchored by The Home Depot and Target. Other tenants include Staples, Sierra and Old Navy. The property was 95% leased at the time of the transaction. More

Strategic moves will shape the future of the biggest arts and crafts retailers

The landscape of arts and crafts retailers is evolving rapidly, marked by significant expansions, strategic partnerships and innovative approaches to customer engagement. Prominent industry players such as Michaels and JoAnn are making headlines by crafting a future full of potential. Their latest initiatives highlight how each adapts to market demands by threading creativity into every More

Anatomy of a Lease: Fun City Adventure Park in Columbus, Ohio

The trampoline park will occupy a former movie theater space in the Carriage Place Shopping Center in Columbus. Carriage Place is a dominant, highly visible community center at a highly trafficked intersection that sees a combined 53,000 vehicles per day. The center benefits from a high-traffic Walmart as its anchor tenant, ensuring consistent customer flow. More

Fowl play: How fast-food chains are redefining the chicken game – Part 2

(Click here for part 1.) The global landscape of fast-food chicken restaurants is rapidly evolving and pulsating with energy. Major players such as Zaxby’s, Church’s Texas Chicken, Dave’s Hot Chicken, El Pollo Loco and Bojangles are all vying for a larger slice of the market. These chains show no signs of slowing down with their More

Retailers are placing their bets on the Northeast

Retailers of all types such as apparel shops, furniture stores, restaurants, gyms and grocers are all setting their sights on new units throughout the Northeast. Many look toward the Tri-State Area for new locations, along with the Boston MSA. These chains are betting on sites in mixed-use properties, shopping centers, outlet centers and even malls More

Fowl play: How fast-food chains are redefining the chicken game – Part 1

(Click here for part 2.) The global landscape of fast-food chicken restaurants is rapidly evolving and pulsating with energy. Major players such as KFC, Popeyes, Chick-fil-A, Wingstop, Krispy Krunchy Chicken, Chick N Max and Raising Cane’s are all vying for a larger slice of the market. These chains show no signs of slowing down with More

Texas sees a busy start to the summer

There have been a lot of new retail store openings and leasing activity in Texas over the last month or so. Retailers adding new units in the Lone Star State include restaurant chains, apparel shops, fitness centers, sporting goods stores and entertainment venues. While the major MSAs such as Houston, San Antonio and Dallas see More

Decron Properties acquires shopping center in San Diego for $99 million

Decron Properties, one of the largest privately owned real estate firms in California, has acquired Mira Mesa Market West Shopping Center from Stockbridge Capital Group for $99 million. The 238,747-square-foot shopping center is located in the San Diego submarket of Mira Mesa. The center is anchored by Home Depot, Smart & Final and CVS. Each More

Trending Now
  • Popular

    in ,

    Retailers are placing their bets on the Northeast

    Retailers of all types such as apparel shops, furniture stores, restaurants, gyms and grocers are all setting their sights on new units throughout the Northeast. Many look toward the Tri-State Area for new locations, along with the Boston MSA. These chains are betting on sites in mixed-use properties, shopping centers, outlet centers and even malls More

  • Trending Hot Popular

    in ,

    100 largest retail tenants in America

    The Crittenden Retail Tenants newsletter and directory has been providing accurate contact information and inside news on the nation’s largest and fastest-growing retailers for the past 20 years. Retail has changed dramatically over the last decade but continues to surprise with robust performance and new players. We have taken the time to identify the largest More

  • Popular

    in ,

    Anatomy of a Lease: Fogo de Chão in Paramus, N.J.

    Fogo de Chão signed an NNN lease for its first restaurant in the state of New Jersey, which will be a 7,648-s.f. space in the upscale Westfield Garden State Plaza indoor shopping mall in Paramus. The deal came to fruition before the pandemic hit, and everyone involved worked diligently to push it to completion. The More

Back to Top

Download Your Free Guide to the Top 100 Retail Tenants in the US

Get all the information you need to close deals faster and easier