Autonomous checkout technology developer Standard Cognition has equipped a Circle K store in Arizona with standalone checkouts. With in-store cameras and artificial intelligence, shoppers can avoid wasting time shopping at the checkout. The system visually identifies products and issues a virtual check in the Circle K mobile application.
Investment opportunity with Raison Asset Management — Standard
The technology was implemented in an already operating chain store in Arizona, without having to temporarily close it or change the layout of the premises. In addition, Standard experts were able to fully integrate into the existing store management system, including inventory management and visual merchandising.
Following this store, Circle K intends to open other retail outlets with autonomous checkouts in Arizona. According to representatives of the chain, it is committed to improve the shopping experience. The company sees another advantage in the Standard technology – instead of being busy at the checkout, store employees can use their working hours more efficiently.
Circle K is a subsidiary of Couche-Tard, a major Canadian convenience store and gas station operator. The company has more than 14 thousand retail outlets in 26 countries of the world. It is one of the largest convenience store operators in the United States and the largest in Canada, the Scandinavian and Baltic countries, and Ireland.