Suning's Self-Service Stores Show Off Smart Retail Innovations
Laura McQuarrie — November 13, 2017 — Business
References: suningholdings & prnewswire
Just ahead of its 11/11 Shopping Festival, Suning announced that it will be opening four new unstaffed, automated stores in China.
The first self-service store Suning Sports Biu was launched this summer in August. Recently, Suning opened a second store in Shanghai and it is set to continue its expansion with more retail destinations in Beijing, Chongqing and Xuzhou that explore a greater variety of categories.
Some of the forward-thinking smart retail innovations that can be found in the automated stores include facial recognition tech that's connected to the Suning Finance app, "payment pathways" that automatically recognize items that are leaving the store with RFID technology and surveillance cameras that use algorithms to draw insights from the flow of customers.
The first self-service store Suning Sports Biu was launched this summer in August. Recently, Suning opened a second store in Shanghai and it is set to continue its expansion with more retail destinations in Beijing, Chongqing and Xuzhou that explore a greater variety of categories.
Some of the forward-thinking smart retail innovations that can be found in the automated stores include facial recognition tech that's connected to the Suning Finance app, "payment pathways" that automatically recognize items that are leaving the store with RFID technology and surveillance cameras that use algorithms to draw insights from the flow of customers.
Trend Themes
1. Unstaffed Automated Stores - Opportunity for disruptive innovation in retail through the implementation of unstaffed automated stores.
2. Smart Retail Innovations - Innovative technologies like facial recognition, RFID technology, and surveillance cameras present disruptive possibilities in the retail industry.
3. Facial Recognition Tech - The use of facial recognition technology in self-service stores creates disruptive opportunities in the retail sector.
Industry Implications
1. Retail - The retail industry has the potential to be transformed by the growth of unstaffed automated stores and smart retail innovations.
2. Technology - Advancements in facial recognition technology, RFID technology, and surveillance cameras offer disruptive innovation opportunities in the technology industry.
3. Finance - The integration of facial recognition tech with Suning Finance app enables disruptive innovation in the finance industry through secure and convenient payment pathways.
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