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Standard Cognition: Half Of Consumers Will Shop Less In Person

Standard Cognition

Standard Cognition, which provides the only autonomous checkout solution that can be quickly and easily installed in retailers’ existing stores, has released the results of a new survey of 1,038 U.S. consumers conducted Nov. 5-6 about their holiday shopping plans.

Findings include:

  • 36 percent will shop less in physical stores than in 2019;
  • Another 23 percent will shop exclusively online; and
  • 68 percent said COVID-19 was a factor in deciding how to shop.

When asked which, if any, of these shopping options would make them most likely to shop in physical stores this holiday season, respondents said:

  • Self-checkout (34 percent);
  • Checkout-free tech (31 percent); and
  • Touchless payment options (22 percent).

“The good news is that in-store shopping isn’t going away,” said Jordan Fisher, co-founder and CEO of Standard Cognition. “But there is a large proportion of consumers who are wary of shopping in stores right now. As this study reveals, retailers that are able to provide checkout-free experiences and other touchless technologies are going to be better equipped to draw customers into stores going forward.”

Standard Cognition is headquartered in San Francisco, California.

Standard has the first autonomous checkout solution that works in any existing store and allows customers to walk in, grab what they need and walk out without waiting in line or stopping to scan or pay. The company’s machine vision and AI-powered solution is the only one that can be quickly and easily installed in retailers’ existing stores, representing a giant leap forward for retail tech. Standard has launched multiple operational stores with customers and is working with retailers around the world. Learn more at standard.ai.

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