Exposing Olo Part 3: Dropping 40% of Olo’s Enterprise Value into Wisely Both McDonalds and Five Guys Burgers and Fries compete on a daily basis to offer the public hamburgers and fries. In 2014, McDonald’s spent more than $988 million on advertising. Five Guys Burgers and Fries, in the same year, spent exactly $0. Continuing analysis of Olo… Read More »
Self Checkout is Getting Second Wind Thanks to Retail Theft From article at MRCTV May 2024 Summary of the key points: Rising Retail Theft: Major retailers like Walmart and Target are closing self-checkout terminals due to a spike in shoplifting, leading to a loss called “shrink” which surged nearly $20 billion in a year Self-Checkout Evolution: The self-checkout (SCO) technology is evolving with the… Read More »
Credit Card Interchange Post VISA/MC Agreement We all heard about the settlement with VISA and Mastercard and how consumers would see benefit. Unfortunately that is only a headline, not a fact. Once again Jordan with Reforming Retail breaks the settlement down, and what we find is same old same old (increasing rates). I like his cookies analogy where… Read More »
Exposing Olo Part 1: Introduction Note: One of our favorite writers is Jordan Thaeler of Reforming Retail. Anybody who is anybody in restaurants reads Jordan and while a subscription is not free, there is a very good reason for that. Olo Article from Reforming Retail March 2024 Olo has been an industry leader insofar as they are one… Read More »
Robotic Restaurant News We just got back from NRF and robotic restaurant stuff was all over the show floor. Robotic pizza for example. One of our favorite aspects of AI is overhead cameras in the kitchen to monitor food preparation. Also table usage. Here is our wrap on recent robotic restaurant news See our NRF 2024 review and writeup. The… Read More »
ecoatm kiosks outerwall ecoATM Kiosk by Outerwall EcoATM, a maker of in-store kiosks where shoppers buy used phones, tablets and other electronics, is a failure, according to an analyst who tracks the comp. From kioskindustry.org — ecoATM Kiosk Review – Analyst calls failure Source: www.geekwire.com 2015 — Outerwall, the parent company of Coinstar and Redbox, purchased ecoATM in 2013 for $350 million in… Read More »
Produce Scanning at SCO Aldi Süd is testing fruit and vegetable recognition technology at its self-checkout systems to help customers register non-scannable items without barcodes. The system uses computer vision and artificial intelligence to identify products through a camera attached to the side of the touchscreen, displaying a selection list or even the exact item in three seconds… Read More »
NCR “Voyix” Update Article from Reforming Retail (which we highly recommend subscribing to). So basically, Mike Hayford was able to dissolve a 139-year-old institution which is something only a special person can do. His predecessor, Bill Nutti, was just as bad. The Legacy of Mike Hayford: Destroyed NCR while Underperforming Peers by 95% and Raking 140% Higher Compensation… Read More »
Automated Retail News The Industry Group 5 days ago A Restaurant Secretly Sold Thousands of Meals Made by Robots. Did Anyone Notice? Eater – Luke Fortney At 12:28 p.m. last Monday, I ordered chicken tikka masala and garlic naan through Uber Eats. Seconds later, in a small room in a Queens warehouse five miles away, a robotic arm… Read More »
Smart Mirrors Reflect the Future of Retail Published Date on Intel Insight Tech AUGUST 16, 2023 Typically, when your customers walk into a dressing room to try on a new outfit, they end up bringing an armful of options—different styles, colors, and sizes. What if they could avoid the hassle of searching the racks and having to try on all… Read More »
