Client Challenge: A large furniture retailer faced challenges with achieving strong revenue in a low-traffic area. With an expected 5.6% shrinkage, the company needed to adopt new technology while minimizing losses and maximizing revenue in this specific location.
The A-POP Solution: Intuitivo deployed 3 A-POPs, its unattended retail solution, to address the challenges. These A-POPs were installed in the low-traffic area to offer a cost-effective, autonomous solution that eliminated shrinkage and boosted revenue. The system, powered by Vision AI, provided accurate inventory management and real-time sales tracking without the need for human intervention.
Key Results (One-Month Sample):
- Revenue Surpassed Expectations: The total revenue generated was $4,400, which was 21% higher than the initial expectations for the area.
- Shrinkage Eliminated: The expected shrinkage of 5.6% was reduced to zero, ensuring full revenue capture.
- Short Payback Period: The solution achieved a 8-month payback period, demonstrating the cost-effectiveness of the A-POP solution.
- High Adoption of Technology: Customers quickly embraced the new technology, indicating strong acceptance and satisfaction with the seamless shopping experience.
- Scalable and Cost-Effective: The A-POP solution proved to be scalable and cost-effective, opening up future growth opportunities, especially with card reader integration.
Conclusion: The deployment of A-POPs in a low-traffic area not only eliminated shrinkage but also boosted revenue, with an impressive ROI in less than 8 months. This solution offers scalability, cost-efficiency, and the potential for future growth, making it an ideal option for retailers seeking to enhance operations and eliminate inventory loss.
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