… supermarket chain Giant Eagle announced it is testing cashierless technology at one unnamed pilot store in partnership with Grabango…
Amazon Has Competition in "Just Walk Out" Grocery Stores
More supermarkets are exploring ways to eliminate the checkout line.
Rich Duprey, The Motley Fool
Aug 7, 2019
Amazon.com (NASDAQ:AMZN) doesn't seem to have gotten very far yet on its cashierless Amazon Go convenience stores. There are only 13 in operation, a far cry from the 3,000 locations it purportedly wants to have operational by 2022.
But by opening the first one and then continuing to incrementally build on the lessons learned, Amazon has spawned broad interest in so-called "just walk out" technology. And we're now beginning to see competitors pop up all around the country, which could become the future of retailing, at least as it pertains to grocery stores.
Eliminating the need for cash
Regional supermarket chain Giant Eagle announced it is testing cashierless technology at one unnamed pilot store in partnership with Grabango -- which, like Amazon Go, uses a combination of computer vision, artificial intelligence, and cameras positioned around the store to automatically track what customers pick up.
Its checkout-free technology, however, is for use in existing brick-and-mortar stores. Amazon reportedly spent $1 million outfitting its first Amazon Go store with the sensors and cameras necessary for a cashierless shopping experience; presumably, Grabango's technology to retrofit existing locations costs less, though the announcement doesn't say.
Eliminating checkout chokepoints has long been on the radar of supermarkets, since numerous studies show that this is the primary pain for consumers. But it was the launch of Amazon Go that brought it all to the forefront, and now there are several start-ups looking to exploit the opportunity.
The express lane to grocery's future ...
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