Enhance Operation and Productivity
What differentiates your grocery store from the competitors? Operating grocery stores can be a difficult undertaking. With the rapid adaptation of technology in the market, businesses must implement new POS technology in order to serve their customers, grow and stay profitable. The ability to one-stop shop at one retail establishment has become a social norm in the modern era. Grocers provide a wide array of shopping experiences from procuring food to furnishing homes.
75 of the biggest grocers in the U.S. accounted for $1.1 trillion in sales for the 2016-2017 fiscal year. Grocery POS terminals operate between 20-30 checkout lanes per store – depending on the size. On average, grocery stores process 11,211 transactions per week, both cash and electronic payments. Revenue at the low-end, range from $3.3 million to $46 million annually.
As with any business, grocers face a litany of challenges – on a larger scale than other verticals. The biggest challenges for grocers are, market domination, dependence on discounting and promotion, safety, cash shrinkage and non-core activity. With an average of 47% of transactions conducted in cash, grocers stand to profit from installing durable POS systems that withstand hits and keep on working. Grocers who adopt cash management solutions can assist with reducing cash losses due to discrepancies with cash handling while increasing productivity by allocating time for employees to offer a better customer experience.
APG provides POS solutions to enhance and secure grocers’ checkout terminals. Discover our cash management solutions for fresh format, supermarkets, wholesale club, dollar stores or local grocery corner stores.