AiFi announced today that it is adding its cashierless checkout technology to two Loop Neighborhood store locations in California, starting in the San Francisco Bay Area. The deal expands on an existing partnership that saw the two companies opening a fully autonomous gas station NanoStore in Campbell, California in 2019.
AiFi retrofits stores with cameras to create a computer vision-based cashierless checkout system, allowing customers to walk in, grab what they want, and leave, getting charged automatically on their way out. For these new Loop Neighborhood stores, customers will use the AiFi app to scan a QR code upon entering or leaving the store so they can skip the checkout line.
Cashierless checkout has been gaining momentum throughout 2021, with a number of startups getting funded and system installations going public. It’s been a particularly busy year for AiFi, which entered into a partnership with Dutch convenience store chain Wundermart that will eventually see 1,000 autonomous locations opened up. AiFi also partnered with Verizon to open a 5G-powered popup NanoStore at this year’s Indianapolis 500. Most recently, the company opened an autonomous NanoStore with the Polish convenience chain Żabka.
But AiFi isn’t alone in advancing autonomous retail this year. Zippin has opened up a store in the Barclay’s Center in New York. Trigo is opening cashierless checkout with the Rewe grocery chain in Germany. And Amazon opened up its first full-sized cashierless checkout grocery store in Washington state.
There are a few reasons for all of this accelerated interest in cashierless checkout. First the pandemic (which hasn’t gone away) is pushing retailers to reduce the amount of human-to-human interaction in their stores. Cashierless checkout not only removes a human cashier from the shopping equation, but also means customers don’t have to stand in line next to each other. Additionally, cashierless checkout can benefit the retailer with more real-time insight into shelf inventories. Cameras and sensors keep tabs on what people are picking up and putting back, so managers can identify shortages more quickly.
AiFi’s CEO recently told me that while there is a lot of news and excitement around cashierless checkout, mainstream adoption is still about a decade away. Which means we’ll be writing about similar store openings for a long time to come.
AiFi didn’t disclose exactly where the new cashierless Loop stores will open, but if you’re in the Bay Area and stumble across one, be sure to tell us about your experience with it!
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