State of the Industry Report
Suggests Automated Retailing Systems Outperform Traditional Manned Counters
From ink cartridges and board games, cell phones and ipads, sunglasses and swimsuits - a self-service automated retailing system allows retailers and brand owners to increase brand awareness and distribution, and cost-effectively sell products in a compelling and dynamic format.
And the rewards are enormous, according to a new report.
These automated stores can generate $3,000-$25,000 per square foot, compared to the industry average of $300 per square foot annually in a typical shopping mall.
That’s why Automated Stores are now the fastest growing sector of the retailing industry.
A self-service solution will also reduce overhead and increase the number of products sold. According to the study, cosmetics were found to sell better at an automated store than at a typical cosmetics counter.
When salaries were factored in, the automated store outperformed the employee-based model and provided a higher ROI by a factor of over 100-to-1.
There are already hundreds of automated stores nationwide in high-traffic locations such as Macy's department stores, shopping malls, supermarkets, and airports, selling high revenue-generating items including such as Apple iPods™; Sony™ headphones; Canon™ digital cameras; fragrances, cosmetics, and video games.
Say Goodbye to Twinkies
Hostess Brands said it has suspended
production at all of its plants and is seeking permission from a federal
bankruptcy court to permanently close its operations. It's blaming a
weeklong strike by its bakers who are protesting a new contract imposed
by the bankruptcy court.
The maker of Twinkies, Ding Dongs and Wonder bread said it will lay
off 18,500 workers at its 33 bakeries and 565 distribution centers
nationwide and move to sell its iconic snack cake and bread brands. The
company said it would continue to deliver products, and its stores would
remain open for several days to sell already-baked products
"We deeply regret the necessity of today's decision, but we do not
have the financial resources to weather an extended nationwide strike,"
said chief executive Gregory Rayburn.