Vending Times Magazine Names AVT as a Leader in the Future of Retailing
Automated Retailing is not just a trend, it is the future ... and will soon command over $1.1 trillion in transactions
CORONA, Calif., Oct. 7, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, micro-stores and kiosks, announced that they were singled out as a leader in the exploding automated retailing market, estimated by Research firm IHL Group to be worth over $1.1 trillion by 2015.
"Shannon Illingworth, founder and chairman of AVT has been successful at implementing this concept. For the last five years, AVT has been a leader in developing automated retailing systems, customized kiosks and coffee micro-stores," the article stated.
"For the past several years, there has been a lot of buzz about micro-markets, and a growing appreciation of the implications the micro-market concept has for retailing," the article stated. "Anything that can be identified by a machine -- barcoded, for example -- can be sold through a micro-market."
The article, written by industry veteran Alicia Lavay, President and Publisher of Vending Times, also said that for a long time now, the retailing industry has explored automated systems as an efficient method for handling transactions that do not require the services of a clerk. "For example, if you are running a department store, you would prefer that someone who simply wants six pairs of black socks be able to find and purchase them without tying up a valuable salesperson who should be discussing the availability of sweaters in different colors and sizes," Lavay wrote.
Until recently, these explorations did not catch on because the technology for offering sufficient capacity, selectivity and pricing flexibility just didn't exist. But now it does.
"There is a huge opportunity for a much wider range of automated retailing. Installing in a retail environment gives store owners convenience plus control," the article stated.
AVT plans to be at the forefront of this opportunity, and help define the retailing revolution.
For more information AVT's full line of automated retailing systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
To read the article in Vending Times, click here.
SOURCE AVT, Inc.
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