notsosure

What has that to do with automated cash tellers?

It’s from my close business interactions directly with the managers of these stores. I did business with them, areas of brand and category management, POS, etc.

I know the retail industry well, professionally. It is a low margin, high throughput industry, meaning that you want to tie in the customers as best as you can. The best tie in is price; Walmart, Kroger, Aldi, Target, Costco, they all fight for audience, in the end by lowering the price points. The most expensive “parts” in a store are the employees, and if you can reduce those numbers, you can lower your prices too. So the automation helps these retailers to keep the customers from wandering off to cheaper stores, while increasing the margins.

We haven’t seen a drop in prices, as inflation is way up, thanks to the Orange Chimpanzee. Yet, a store with 100% employees and 0% automation will always be more expensive than a store with 30% employees and 70% automation- that’s the reason humans invent machines…in the end machines and robots are always cheaper than humans. Those profits will not be passed on 100% to consumers, but parts will be, to draw more people into the store.

To you point 1: all those cards etc are just provided to tie you in, to increase the margin of the store. Reject them (2) products will be more expensive in stores that use more expensive cashiers (3) the grandmas tend to pay with cash, taking ages to search their wallets for red coins (4) you don’t want to know where those red coins have been.