Category
Business
Assisted Conversion
Trend cluster
Category
Post-POS
Purchasing
Retail tech innovations design a wholly convenient shopping experience.
5.4
Trend score
Trend
What is the Post-POS Purchasing trend?
Post-POS Purchasing: Beyond cashless payments and iBeacon systems, in-store tech innovations are emerging that challenge convention regarding all aspects of the shopping experience, in some cases even questioning the need for a point-of-sale interaction at all. In addition to highlighting the consumer focus on reclaiming time whenever possible, this progression speaks to the collective acceptance of the growing role of the Internet of Things in redefining experiences in spaces outside of the home and office spaces.
Trend themes
Themes within the Post-POS Purchasing trend
Three behaviours holding the trend together01
Automated Checkout
Technologies that automate the checkout experience, including self-checkout apps, automated fitting rooms, and autonomous and staffless convenience stores, create opportunities for retail businesses to increase efficiency while reducing operating costs.
02
Mobile Checkout
Retailers are looking to cut costs and compete with other discount retailers by introducing mobile checkout options, like Sainsbury's 'SmartShop' and Co-op's 'Frictionless Shopping Experience,' that allow customers to conveniently scan items on their mobile devices, reducing long lines and freeing up valuable retail space.
03
Innovative Storefronts
Stores like the Amazon Go Store, Walmart's 'Check Out with Me,' and Irispay’s self-service store, along with their incorporation of advanced technologies like computer vision and sensor fusion, point to a future in which the retail experience is streamlined and largely automated.
Industry implications
What the Post-POS Purchasing trend means for industry
Where the trend changes the playbookFor
Retail
Retailers will benefit from adopting innovative technologies that automate the checkout experience, introduce mobile checkout options, and revolutionize storefronts, improving efficiency and reducing operating costs.
For
Technology
The development of automated checkout systems and mobile checkout apps points to the continued importance of technology in the retail industry.
For
Consumer Electronics
The incorporation of advanced technologies like computer vision and sensor fusion in automated checkout systems and smart storefronts represents a significant opportunity for consumer electronics businesses working in this area.
Workshop question
When it comes to making a purchase, how can your brand use technology to reduce the steps and simplify the entire process?
Trend signals
Trend signals for Post-POS Purchasing
Trend score 5.4 out of 10, from popularity 83%, activity 73%, freshness 8%.
Popularity83%
Activity73%
Freshness8%
Audience
50%Men
50%Women
- Gen Alpha (not a primary audience)
- Gen Z
- Millennial
- Gen X
- Boomer
Market
North America
Europe
Asia-Pacific
South America
Evidence
Examples of the Post-POS Purchasing trend
10 featured examples from Sep 22, 2015 to Apr 21, 2018CategoryTech
Self-Serve Convenience Stores
Irispay's "E-Concept Store" in Malaysia is a Self-Service Store
The retail industry can benefit from the implementation of unstaffed self-service stores, as it enables extended hours of operation and reduces labor costs.
CategoryLifestyle
Checkout-Free Convenience Stores
The 'Amazon Go' Store is Currently in a Beta Version
The 'Amazon Go' store demonstrates a disruptive innovation opportunity for the retail industry to reimagine the shopping process and enhance customer convenience.
CategoryTech
Pay-in-Aisle Supermarket Systems
Co-op's "Frictionless Shopping Experience" Has No Tills
Implementing pay-in-aisle systems and frictionless shopping experiences can innovate the retail industry by improving efficiency and convenience for consumers.
CategoryBusiness
Streamlined Checkout Services
Sainsbury's 'SmartShop' Enables Checkout Via a Mobile or Handset
The retail industry stands to benefit greatly from self-checkout apps and mobile checkout technology, which can help reduce costs and improve the shopping experience.
CategoryTech
Speedy Supermarket Checkout Apps
This Retail App Helps Reduce Grocery Store Wait Times
The retail industry can benefit from mobile checkout apps to enhance the shopping experience and optimize operational efficiency.
CategoryBusiness
Smart Internet Connected Bags
Twyst Creates Shopping Bag that Charges Customers When Exiting Store
The integration of Smart Internet Connected Bags and Smart Beacons offer new ways for retailers to optimize operations, while also providing a more seamless shopping experience fo…
CategoryBusiness
Staffless Convenience Stores
Wheelys 247 in Shanghai Introduces a Convenience Store of the Future
Opportunity for retail stores, particularly convenience stores, to implement unmanned stores with mobile app ordering for a more efficient shopping experience.
CategoryBusiness
Autonomous Cashier Stations
Panasonic's Checkout Robot Automatically Scans and Bags Items
Disruptive innovation opportunity: Integrate technology and robotics into retail stores to automate checkout processes and enhance the overall shopping experience.
CategoryBusiness
In-Aisle Checkout Services
Walmart's 'Check Out with Me' Saves Consumers Time and Effort
In-aisle checkout services present an opportunity for retailers to streamline the checkout process and enhance customer satisfaction.
CategoryBusiness
Automated Fitting Rooms
This High-Tech Retail Innovation Revolutionizes Changing Rooms with Chutes
Disruptive innovation opportunity: Transform the retail industry by incorporating automation and technology to create a more engaging and efficient shopping experience.
