Migros is testing the autonomous store concept Teo, which was developed by Tegut, in Bürglen in the Swiss canton of Thurgau since the end of last week. Different from Tegut's German Teos, Migros' uses its unified checkout software platform based on GK here, which also runs the retail group's self-scanning and self-checkout. Customers can scan and pay for their goods…
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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
Currently, retailers offer their customers the opportunity to scan items while shopping in over 46,000 stores worldwide. By 2027, this number will more than triple, according to the latest study of British market research company Retail Banking Research (RBR).
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It is the largest POS software project in Europe to date: Lidl has once again chosen GK and will roll-out the Cloud4Retail platform of the Schöneck specialists in all 30 countries over the next few years. The largest banner operation of the European retail sector is thus enabling to operate the checkouts in the cloud and is simplifying the development…
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Every year, almost 500,000 tonnes of food waste are caused in the retail sector in Germany alone, according to the UN Food Waste Index Report from last year. This is not only bad for the industry's image – the commercial damage caused by food being written off without sale is also immense. The problem has been recognised in retail companies,…
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Christ has introduced digital receipts in all its stores. The solution is provided by Warrify from Austria. The jeweller and watchmaker company uses the solution to stay in touch with its customers digitally and to provide them with targeted offers.
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Lidl is now also introducing self-checkouts in Germany. With Swiss hardware specialist 4POS and its software supplier GK, Lidl is embarking on a platform strategy using the same standard components as at its attended checkouts. Cash payment is possible at all devices: thanks to cash recyclers from Glory.
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In its new convenience format Quartier, Tegut is piloting self-scanning in combination with stationary self-checkouts on a new technological basis. For the first time, Tegut is using the software from GK. The self-scanning apps for both formats were developed by Aracom.
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German retailers see the greatest need for action in the use of mobile devices with checkout functions as well as self-checkouts and self-scanning systems. This is the result of EHI’s study POS Systems 2022. Overall, the number of cash registers used in retail is continuously decreasing. At the same time, systems are faced with growing tasks.
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In its E-Center Gundelfingen, the Edeka regional co-operative Südwest is piloting intelligent shopping trolleys from Kaufungen-based start-up KBST. The retailer is currently testing customer acceptance with 20 of the systems called Smart Shopper.
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Migros plans to enable its customers to self-scan with smartphones in almost all its grocery stores by the end of March 2022. Under the name subitoGo, the newly developed application of the Swiss retail market leader complements self-scanning with proprietary handheld devices and stationary self-checkouts. Migros works with the same software for all forms of scanning and checkout as it…
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