At its corporate headquarters in Irving, Texas, 7-Eleven is introducing a cashierless store for 7-Eleven employees that introduces a new ways for people to shop with ease. The 700-square-foot non-traditional store uses a combination of algorithms and predictive technology to identify individual customers and their purchases. The concept store itself is stocked with some of the most popular products sold at 7-Eleven, including items like snacks, drinks, groceries, over-the-counter drugs and non-food items.
For its cashierless store concept, 7-Eleven developed its own custom-built technology and is ultimately working towards creating seamless shopping experiences and faster transactions.
Once a 7-Eleven employee enters the cashierless store with an app, they only need to shop and exit, as their receipt appears in the application after they've made their exit.
Cashierless Convenience Concepts
7-Eleven's Cashierless Store Uses Algorithms & Predictive Tech
Trend Themes
1. Cashierless Convenience - The introduction of cashierless stores using algorithms and predictive technology creates opportunities for seamless and efficient shopping experiences.
2. Predictive Technology - The use of predictive technology in identifying individual customers and their purchases can disrupt traditional retail models and improve transaction speed.
3. Custom-built Technology - The development of custom-built technology by 7-Eleven for their cashierless store concept highlights the potential for innovation in creating unique shopping experiences.
Industry Implications
1. Retail - The retail industry can leverage cashierless convenience concepts to improve customer experiences and streamline transactions.
2. Technology - The adoption of predictive technology in retail spaces opens up opportunities for technological advancements and data-driven insights.
3. Consumer Goods - The integration of cashierless stores in the consumer goods industry presents new possibilities for enhancing product accessibility and inventory management.