PALM BEACH, Florida, April 6, 2017 /PRNewswire/ --
MarketNewsUpdates.Com News Commentary: 5 Technology Companies Reinventing Retail
Palm Beach, Fl, April 6, 2017 - Despite consumer confidence hitting a 16 year high, many brick and mortar retailers are struggling to meet the demands of Millennials, consumers in their 20s and 30s. Representing almost 25% of the entire population, this largest generation in history is responsible for an estimated $200 billion in annual purchases. A tech-savvy demographic that places a premium on time, convenience and favors machine automation over human interaction, investors have begun to reward technological-minded retail companies: Dominos Pizza (NYSE: DPZ), Match Group (NASDAQ: MTCH), Generation Next Franchise Brands (OTC: VEND), Square, Inc. (NYSE: SQ) and Grubhub Inc. (NYSE: GRUB).
Domino's Pizza (NYSE: DPZ) is up more than 2,000% since 2010, outperforming tech giants Google, Facebook, Apple and Amazon. Focusing on simpler more convenient purchasing, Dominos bet big on mobile application development, creating 'zero-click' online ordering and delivery tracking for phones, the Apple Watch, Facebook and even Twitter. The company is now turning their attention to automated food delivery via robots and drones, having already begun market tests in Europe and New Zealand.
Match Group, Inc. (NASDAQ: MTCH), the parent company of matchmaking platforms Match.com and OkCupid has found popularity amongst millennials with its 'hook-up' app named Tinder. Long surveys are replaced with pictures filtered by age and distance. A swipe left rejects the prospect, while a swipe right indicates interest and mutual interest creates an instant chat session. As a result these on-demand daters are spending less time in bars, nightclubs and restaurants, while spending more time in the bedroom. The company has grown revenues 14.9% in 2015 and 19.6% in 2016.
Generation Next Franchise Brands Inc. (OTCQB: VEND) has patented a fully-automated robotic frozen yogurt vending machine designed to disrupt brick and mortar competitors: Yogurtland and Pinkberry. These 'eat-o-tainment' units are capable of operating 24 hours a day, do not require employees to operate and are placed in high traffic retailers eliminating lease expenses. On Tuesday, the company announced a 121% increase in Q3 franchise bookings compared to the same period last year. Greenridge Global Equity Research is currently projecting annual revenues to increase 637% from FY17 to FY18 and has issued a $1.50 buy target.
Square Inc (NYSE: SQ) empowers small businesses with the ability to accept credit card payments seamlessly by turning mobile phones or iPads into payment terminals. With an easy to use checkout interface, consumers can swipe their own card, tip, sign (without a pen) and receive an email receipt with minimal attendant interaction. Square has grown gross payment processing volume 49.6% in 2015 and 39.6% in 2016.
Grubhub Inc (NASDAQ: GRUB), the leading on-demand food marketplace, enables hungry diners in 1,100 US cities to order food from over 50,000 restaurants. Orders are made, paid and tracked through the convenience of an easy to use app eliminating the need for a menu drawer. Restaurants pay the company a percentage of the transaction total and consumers are charged delivery fees. The company ended FY 2016 with 8.2 million active diners and has grown gross food sales 32.0% in 2015 and 27.2% in 2016.
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