Feb. 11, 2013
/PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (
) is creating systems that are redefining the retailing industry. Their new Micro-Stores allow customers to make an immediate purchase from a vast array of products, and also use the unit's interactive screens to order products online.
While many automated retailing machines are now dispensing what were once considered unusual items for a self-service environment, such as caviar, MacBooks, swimsuits, and perfume, AVT has taken the industry a step further by incorporated internet and intranet connectivity to their systems.
The global retail market generated more than
in 2010, according to research from MarketLine. Market expansion is expected to record yearly growth of close to 5%, and will exceed
The global online retail industry is expected to reach
in 2015, according to MarketLine. This represents a 90% market expansion in just five years. The Americas represent more than 40% of the global online retail industry.
AVT is the first company to skillfully blend these two markets, and allow customers to shop both segments simultaneously.
Automated Retailing reduces the operating costs and risks of traditional retailing by eliminating store overhead and shrinkage. Return on Investment is high, as these Micro-Stores capture interest and generate more sales per square foot than the same items sold through traditional retailing.
Online shopping gives customers a wider array of product to choose from, often at better price-points than are found at traditional retailers.
By combining both segments, the industry is in the beginning of a major sea-change, according to
, CEO of AVT. "Companies like Coinstar approached the market very much like a traditional vending company – you put your money in and out pops a product," he said. "But today, the new Micro-Stores combine instant shopping in a variety of product lines, plus online interactivity, cloud-based reporting and analytics, and system-wide media advertising," he added. "This has totally changed not only the self-service world, but the entire retailing industry."
According to a report by Morgan Research Group, AVT is leading this revolution in retailing by creating systems that seemed like science-fiction or something out of Star Trek just a few years ago.