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The Meteoric Rise of Unattended Retail: The Next Multi-Billion-Dollar Industry


News provided by

Marketnewsupdates.com

03 May, 2018, 12:30 GMT

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PALM BEACH, Florida, May 3, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

"Unattended cashless retail" may sound futuristic, like a driverless car, but in reality, it is a thriving segment of the economy that is forecasted by ResearchAndMarkets.com to grow to $34 billion by 2023. What used to be dominated by simple coin-based laundromats and vending machines selling candy bars is now a high-growth, multi-layered and profitable segment retailing items like frozen yogurt, electronics, makeup, school supplies and over-the-counter medicines. Mentioned in today's commentary include: Best Buy (NYSE: BBY), Generation Next Franchise Brands (OTC: VEND), USA Technologies (NASDAQ: USAT), McDonalds (NYSE: MCD).

Unattended retail comes to life through city parking meters to garages, where there is no longer a need to store quarters. Vending machines not only sell food and drink with increasingly healthy options, but they increasingly offer other convenient items that people on the go frequently need like earbuds, power cords, batteries and toothpaste. Unattended retail represents a gold rush opportunity for these non-perishable goods. There's potential to offer almost any consumer good through high-tech vending.

In the absence of a cashier and the typical bricks-and-mortar retail environment, cashless unattended retail attracts more customers more frequently who spend more. These machines mean that customers can interact with merchants more quickly, without having to waste time standing in lines waiting on slow-moving employees who may be distracted in their own thoughts. This new form of retail is particularly attractive to millennials, who prefer human-less transactions.

There are three main reasons operators are looking to automate. One is to cut labor costs by not having to pay human employees. Another is to increase efficiency, quality, sanitation, uniformity, etc. Last, some companies will use automation and robotics for remote management inventory, troubleshooting and generating sales data. Here are five companies poised to profit from the technological leap: Best Buy (NYSE: BBY), Generation Next Franchise Brands (OTCQB: VEND), USA Technologies (NASDAQ: USAT) and McDonalds (NYSE: MCD).

Best Buy Co, Inc (NYSE: BBY) is the largest specialty retailer in the U.S. consumer electronics retail industry. The Best Buy Express ZoomShop was the very first automated retail experience for consumer electronics on the market. Launched in 2008, the high-tech kiosk provides products which include portable media players, digital cameras, gaming consoles, headphones, phone chargers, travel gadgets, and other popular products. The sleek Express ZoomShop kiosk answers their product questions on an interactive touchscreen, runs in-depth product demos, guides shoppers through the buying process, and closes the sale.

Generation Next Franchise Brands, Inc. (OTCQB: VEND) is the developer of the world's first fully-automated robotic frozen yogurt vending kiosk designed to disrupt brick and mortar competitors: Menchies and Yogenfruz. These "unattended" robots eliminate the need for costly rents, employees, food safety measures and are capable of operating 24-hours a day. The robots have the ability to accept payments of all kinds, including cryptocurrency! The company has recently sold the exclusive rights to the Los Angeles and Orange County markets for $23 million and most recently, the exclusive rights to the Miami market for $22.3 million making it one of the fastest growing high tech franchises that is disrupting retail in the country.

USA Technologies, Inc. (NASDAQ: USAT) "is on-track to process over $1.0 billion in small-ticket transactions across the 568,000 unattended retail machines connected to our ePort Connect network," said Michael Lawlor, Chief Services Officer at USAT. A move between USA Technologies and a firm known as Cantaloupe may step this up even further; Cantaloupe deals in logistics and inventory management processes, which is exactly what an unattended shop needs more than anything…well, except security. With USA Technologies dropping $85 million to pick up Cantaloupe-$65 million in cash and the balance in USAT stock-it is clear that USA Technologies is putting one monster bet on unattended retail.

McDonalds, Corp. (NYSE: MCD) food service automation is reaching new heights. If you have been to a McDonalds in Europe, Canada, or an airport recently, you have probably noticed the kiosks that allow you to order your food using a touch screen display and pick it up when it is ready. Even further, McDonald's opened a beta version of a fully automated McDonald's in 2015 involving robots that work 50 times faster than the average human. There is only a small team of humans there to keep the robots in check. The manager of the store had this to say of his robot co-workers: "These things are great! They get their work done in a fast and orderly manner, plus they don't ask for cigarette breaks." A spokesman for McDonald's cited "a high demand for a minimum wage of $15/hr", "protests [against McDonald's] getting worse every day", "the tremendous margin of human error, poor hygiene, lack of education," and "laziness" as reasons for the move towards automation. Shares of McDonald's have steadily increased since 2015, reaching all-time highs.

DISCLAIMER:  MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  MNU is NOT affiliated in any manner with any company mentioned herein.  MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed MNU has been compensated nineteen hundred dollars for news coverage of the current press release issued by Generation Next Franchise Brands Inc. by the company.  MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
info@marketnewsupdates.com
+1(561)325-8757

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