The rise of self-checkout systems has transformed the retail landscape, with two-thirds of consumers under 35 now preferring this method. However, as usage increases, so does theft, leading to significant loss & inventory discrepancies for retailers. Studies indicate that even generally honest customers are prone to exploiting self-checkouts.
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GK Software SE is a leading global provider of cloud solutions for the international retail industry and one of the fastest growing companies in its field. The cornerstones of the company are self developed, open and platform-independent solutions. Thanks to its comprehensive product portfolio, 22 percent of the world’s 50 largest retailers currently rely on solutions from GK. The company’s customers include Adidas, Aldi, Coop (Switzerland), Edeka, Grupo Kuo, Hornbach, HyVee, Lidl, Migros, Netto Marken-Discount and Walmart International. GK has subsidiaries in the U.S., France, Czech Republic, Switzerland, South Africa, Singapore, Australia and holds ownership or majority stakes in DF Deutsche Fiskal GmbH, GK Artificial Intelligence for Retail AG and retail7, among others.
GK was founded in 1990 and was listed on the German stock exchange from 2008 to 2023. During this time, the company grew more than tenfold. GK generated revenues of 152.1 million EURO in 2022. In addition to its headquarters in Schöneck, the group now operates 16 sites worldwide. GK’s goal is to become the leading cloud solutions company in the retail industry worldwide, enabling consumers on all continents to enjoy the best possible shopping experiences.
In 2023, GK entered into a strategic partnership with the Japanese technology group Fujitsu. Under the partnership, GK and its more than 1,200 employees will remain independent and continue to pursue their entrepreneurial goals. At the same time, the partnership creates significant growth opportunities for both sides, which will be jointly pursued to develop an even more robust ecosystem for unbeatable trading technology that is innovative and sustainable.
Further information about the company: www.gk-software.com
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Vienna-based fiscalisation specialist Fiskaly has acquired its competitor Deutsche Fiskal from GK. Deutsche Fiskal will continue to operate in the same way under the new ownership. Deutsche Fiskal's customers include almost all major German retail companies, including those that do not use GK at their checkouts.
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GK has acquired Nomitri, a start-up company specialising in vision recognition. The Berlin-based start-up's solutions will be fully integrated into GK’s retail platform Cloud4Retail under the name GK Vision. Nomitri will continue to exist as a wholly owned subsidiary of GK.
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In the highly competitive POS software market, GK was able to significantly expand its market position and achieved second place behind market leader NCR Voyix. RBR Data Services’ study Global POS Software 2024 expects a growing demand for new solutions. However, more and more retail companies rely on proprietary solutions.
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Aldi Nord is testing a modified self-checkout strategy at three stores in Germany. Similar to its competitor Lidl, the discounter is using GK's software consistently for both manned checkouts and self-checkouts. The discounter also uses the same hardware components in the checkout lanes as at the self-checkouts. The counter for the current self-checkout prototype is supplied by shopfitting specialist Kesseböhmer.
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After years of testing different systems and processes in Portugal, the UK, France and the Netherlands, Lidl has now apparently found its way forward for Scan&Go: self-scanning is coming to Europe as a feature of Lidl Plus, the discounter's loyalty app.
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