Consumer Preferences
- Majority Preference: 73% of shoppers favor using self-checkout over traditional cashier lines.
- Gen Z Dominance: A striking 85% of Gen Z customers choose self-checkout when available.
- Regular Use: 56% of women and 61% of men use self-checkout on a weekly basis.
- Frequent Users: In 2020, 14% of consumers used self-checkout every single time they shopped.
- Produce Woes: 78% of shoppers between 26 and 45 years old dislike weighing produce themselves.
- Efficiency Perception: In a 2015 survey, 55% of customers felt waiting times improved with self-checkout.
Market Growth
- Market Value: The global self-checkout market was valued at $3.44 billion in 2020.
- Growth Projection: This market is anticipated to grow at a CAGR of 11.6% from 2021 to 2026.
- Market Share: Self-checkout terminals hold a 62% share in the retail sector’s automation and control market.
- Regional Expansion: The Asia-Pacific region is leading the world in adopting self-checkout technology.
Theft and Security
- High Theft Rates: Australia faces one of the highest self-checkout theft rates, with losses between 30-40%.
- US Theft Costs: Self-checkout thefts in the US surpass $3 billion annually.
- Rising Theft: In 2019, theft rates at self-checkouts increased by 20% from the previous year.
- Shrinkage Admissions: In 2019, 19% of respondents admitted to stealing from self-checkout systems.
- European Theft: In 2015, 23% of transaction values in Europe were processed through self-checkout.
Operational Efficiency
- Reduced Wait Times: Sainsbury’s in the UK reported a 70% reduction in waiting times with self-checkout.
- Technological Preference: In 2017, 42% of US internet users said they generally prefer self-checkout.
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Consumer Behavior
- Frequent Users (30-49): In 2020, 34.8% of individuals aged 30-49 used self-checkout multiple times a week.
- Retail Strategy: 40% of retailers in the US and Canada plan to increase staff-assisted mobile checkout solutions.
Miscellaneous
- Industry Adaptation: The self-checkout trend is increasingly being adopted as retailers seek to enhance customer experience and streamline operations.
Alison Adams, a Philly native and proud University of Pennsylvania alum, is your go-to Career Expert with a laid-back approach. She’s been in the job seeker’s shoes and knows how to navigate the wild world of work. Alison’s all about sharing practical tips and tricks with a personal touch, making her a favorite for those looking to level up their careers.