Blockchain
Shopic to Deploy 2000 Smart Carts in Partnership with Israel’s Leading Supermarket Chain
Tel Aviv, Israel–(Newsfile Corp. – February 21, 2023) – Today, smart grocery cart provider Shopic has announced a full-scale rollout of its solution in Shufersal stores across Israel. Shufersal, Israel’s leading supermarket chain, is moving quickly to deploy Shopic smart cart clip-on devices, committing to roll out at least 2000 units across 30 stores by the end of March 2023.
Photo credit: Shopic
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The planned increase in Shopic carts marks a milestone for the global smart cart industry, with no other provider having reported full commercial-scale deployments to date. “Shufersal’s rapid ramp-up helps place Shopic at the head of the field for smart cart solutions,” said Raz Golan, Shopic’s CEO and co-founder. “This is a deployment of unprecedented scale, and it validates our vision for the future of frictionless grocery shopping experiences.”
Shopic offers a clip-on device that is compatible with standard existing fleets of grocery carts, removing the need for grocers to invest heavily in upgrading store network infrastructure and making the system quick and easy to deploy.
The Shopic device uses artificial intelligence (AI) in the form of computer vision algorithms, which can identify every item placed in the cart. Shopic’s system detects when an item is added or removed from the cart with 99.4% accuracy.
The Shopic screen displays a real time tally of products and prices so shoppers can keep track of purchases, and enables frictionless self-service payment and checkout, fully synced with store loyalty programs. The interface can be used to ask customer service representatives for help navigating the store. It also operates as a screen for retail media, surfacing personalized sales promotions of related products and other sponsored content.
From the grocer’s perspective, data collected anonymously from Shopic’s smart carts helps to optimize inventory, store layouts and staffing, while identifying new trends in consumer preferences. It also strengthens customer relationships by reducing shopping experience friction and differentiating from competitors.
Shufersal stores that have piloted Shopic-enabled smart carts to date have reported that 12 to 15% of their revenue was processed by Shopic’s solution. When using Shopic, customers’ basket sizes were 78% larger than average, and monthly spending by these shoppers rose by 8%.
Consumers likewise enjoyed accelerated checkout times, which took less than one minute when using Shopic’s smart carts, compared to 3.5 minutes when using self-checkout lanes and 9 minutes when using cashier lanes. Shopic has also enjoyed strong positive feedback from shoppers, consistently scoring an average of 85-95% in customer satisfaction scores.
“Shopic provides a superior technological solution that delivers all the benefits of online shopping to physical stores in a personalized, effective and fully transparent manner – without the need to wait in the checkout line,” said Ori Watermann, CEO of Shufersal. “The artificial intelligence powering the technology enables us to constantly improve the shopping experience of our customers based on their purchase habits.”
The announcement of Shopic’s expanded Shufersal deployment comes after a year of significant growth for the company, during which it raised $35 million of venture capital investments in a Series B funding round led by Shufersal and other investors, doubled its workforce to 80 employees, and saw new pilot deployments in major supermarket chains in North and South America.
About Shopic
Shopic provides smart cart and store digitalization solutions to the world’s leading grocers, bringing the advantages of online commerce to their physical stores. The company’s computer vision-based clip-on device turns any regular shopping cart into a smart cart. It delivers a smooth shopping experience, instant on-cart checkout, just-in-time personalized promotions, and analytical insights from the retail floor. Founded in 2015, Shopic is headquartered in Tel Aviv, Israel. For more information, visit Shopic.co.
About Shufersal
Shufersal is the largest retail food chain in Israel with 395 branches and 16,600 employees. In addition to its supermarkets, the Shufersal Group operates the digital wallet PayBox, the pharma chain Be, the convenience store chain Dan-Deal, the B2B brand Shufersal Business, and Shufersal Real Estate, a property reclamation arm. For more information, visit shufersal.co.il.
Media Contact:
Dan Edelstein
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155428
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
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The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
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This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
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Blockchain
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