Coles could be checkout-free in just ten years according to a leading executive predicting customers will just ‘walk out’ with their shopping. In speaking to the Sydney Morning Herald, head of commercial and express, Greg Davis highlighted the supermarkets ‘Smarter Selling’ initiative. Coles is set to strip $1 billion from its cost base by 2023, as it continues to battle rivals Aldi and Woolies. Following in the footsteps of technology giant Amazon, who run and operate several checkout-free Go stores across Australia, Coles will be looking to implement this seamless shopping experience.
Amazon Go Checkout Free Coles In Ten Years
scango Checkout Free Coles In Ten Years
Woolies is also reportedly preparing its own checkout-free service called Scan&Go, which requires users to scan items using their phone which doubles as the POS. The app is available to all Woolworths Reward customers, though only at ten locations around Australia. According to Mr Davis, half of all Coles customers use self-checkouts, with the supermarket already making efforts to completely automate distribution through robotics companies such as Witron and Ocado. Changes made to Coles supply chain and ‘Smarter Selling’ programs reportedly cost the company $164.5 million. Artificial intelligence is also set to play a big role in supermarket technology using advanced analytics to promote products that are tailored to individual stores. It comes as Coles reported an 8.3% earnings reduction, with Chief executive Steven Cain expressing concern about the companies profitability. ‘We are heading into the most competitive period in Coles’ history, and there are significant industry-wide cost headwinds’.
Self Check Out Coles Checkout Free Coles In Ten Years
Yamaha Soundbars 728x90 Checkout Free Coles In Ten Years
BW Diamond Rewards 728x90 Checkout Free Coles In Ten Years
Audio Active Lithe Audio 728x90 Checkout Free Coles In Ten Years
Belkin Soundform Elite 728x90 Checkout Free Coles In Ten Years
Acer Predator 728x90 Checkout Free Coles In Ten Years
Alcatel3X Web Banners std 728x90 01 1 Checkout Free Coles In Ten Years
JBL Partybox 728x90 Checkout Free Coles In Ten Years
Arlo Pet or Pest 728x90 Checkout Free Coles In Ten Years
Loewe Minimalist 728x90 Checkout Free Coles In Ten Years
Samsung QLED 8K 728x90 Checkout Free Coles In Ten Years