Cashierless Retail Kiosk News Valued at $535 million, autonomous retail startup Standard Cognition has emerged as a soon-to-be tech giant and the best hope for merchants to compete with Amazon Go. Cashierless checkout is poised to transform brick-and-mortar commerce, and shop owners fear having to battle Amazon’s technology alone or partner with it, exposing data it could use… Read More »
The usual suspects (e.g. Sears) but also some I had not considered before.
The retailers on the list — by no means a comprehensive list of all retailers at risk — have C-grade bond ratings from Moody’s and Fitch, and seven of them (Sears, Claire’s Stores, Nine West, 99 Cent Stores, J. Crew and Charlotte Russe) have been listed on Fitch’s Bonds of Concern.
PYMNTS spoke with Ilya Alshine, founder and president of imageSurge, a Boston-based service provider looking to turn storefronts into interactive platforms.
So far, Alshine said, imageSurge has been adopted by more than 150 retail storefronts and dozens of real estate companies throughout the U.S. and Canada, illustrating the potential for a sea change in what storefront displays can offer.