The vending market is estimated to grow 17% for the next 3-4 years to about $12.45 billion, with 40% coming from only the United States. In what way does the vending market have to do with the fashion industry? Pop-up shows are one of the few PR strategies that fashion brands, such as Yves Saint Laurent, utilize to gain a larger reach. This new digital age has introduced us to new avenues of commerce through . These can be seen everywhere from malls, subways, events, parks, and many more. Intelligent vending machines Pop-Up Vending Based on a survey, 40% of consumers prefer to buy online than picking up in-store, however, there are complaints about the long waiting lines in-store. With the current pandemic, online shopping has been a staple, and it gave consumers a more accessible way to buy their products. Although, we cannot deny that physical stores account for 88-90% of retail sales. The potential of pop-up vending could possibly be a good strategy to reach customers, especially when they take advantage of high-traffic locations, stimulating that impulsive buying behavior. A retailer’s reports stated: “Pop-up locations sales can be 35% or greater than a physical store." Gif via voguebusiness What is a Smart Vending Machine? A smart vending machine is based on the idea of a traditional vending machine but with enhanced softwares and features that make the The vending machine idea came from the notion of providing service while no one was there to operate the store. The collaboration of product delivery and technology creates a bigger avenue for companies and stores to dabble in. user experience interactive. CEO of SMRT1 Technologies, Brad Pommen, is one of the pioneers that changed the retail industry. His company started innovating and installing different hardware that increased the user experience of Vending Machines. This allowed consumers to pay through different payment methods such as cash, debit, credit, and digital wallets. They also instilled the use of to collect data and understand human behavior to improve the vending pop-up experience. Through Brain STEM tools made by Brad Pommen, ML allows the vending machine to build awareness and forecast the initial demand of consumers. machine learning Image via RunnersWorld Smart Vending Supports Customized UI (user interface) for vending machine use, like navigation, branding, product information, and  controls Providing sub-categories of product catalogs for specific machine use and location Combining both physical and online transactions Overall buy buttons and carts that have inventory and customer accounts Customized cart and checkout flow Various available Payments Methods such as Apple Pay In-app purchase through mobile checkout or SMS Loyalty program and campaign Fashion Brands Adopting Smart Vending Machines 1. UNIQLO Uniqlo’s unique installation mainly focused on one item: warm vests for travelers who may not have packed properly for Northern California’s difficult microclimate. 2. Adidas Live Interaction Adidas wanted to promote their Splash Pack line, so they installed vending machines in sports bars based in LA and Boston during the baseball world series. Consumers were allowed to win limited edition products based on the World Series such as cleats, autographs, and gears. The vending machine had digital printing features that unlocked new products. 3. Lululemon Lululemon focused on a certain target market — runners. They set up a machine at a Run Stop that included running gears and products like Lululemon socks and hats. Customers had to answer a questionnaire on their workout habits. 4. Yves Saint Laurent Yves Saint Laurent created a vending machine that increased their customer experience through customization. Called “Lipstick Engraving ATM 2.0”, allowing people to buy lipsticks with their names engraved on their product in real-time. Image via BusinessInsider Future of Smart Vending Machines Although smart vending machines haven’t been fully adopted in business, this art of marketing could easily be utilized to reach certain demographics depending on the purpose and product. Thanks to the advancement in technology, we can expect to see more vending machines among fashion brands as softwares become more sophisticated — implementing retina recognition and online integration. It could possibly be the future of retail.

Flow

Apple

Target

Travelers

2022 - HackerNoon Contributor of the Year - Crypto Adoption

2022 - HackerNoon Contributor of the Year - Ethics

2022 - HackerNoon Contributor of the Year - Facebook

2022 - HackerNoon Contributor of the Year - Innovation

2022 - HackerNoon Contributor of the Year - Metaverse

Nominated for 2022 - HackerNoon Contributor of the Year - Innovation

Nominated for 2022 - HackerNoon Contributor of the Year - Facebook

Nominated for 2022 - HackerNoon Contributor of the Year - Ethics

Nominated for 2022 - HackerNoon Contributor of the Year - Metaverse

Nominated for 2022 - HackerNoon Contributor of the Year - Crypto Adoption

Too Long; Didn't Read

Boost your HackerNoon story @ $159.99! 🚀

4 Fashion Brands That Included Smart Vending Machines In Their Marketing Strategy

4 Fashion Brands That Included Smart Vending Machines In Their Marketing Strategy

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

The Matrix Collection Lets You Alter Garment Designs with the Touch of a Smartphone

Marketing Laws That Push the Boundaries of Ethics (In Google AI Overview's Words)

Executable Language and the Disappearance of Accountability

The Death of Clicks: Why Google's AI Overviews Are an Existential Threat to SEO

Labubu Authenticity Guide

The Matrix Collection Lets You Alter Garment Designs with the Touch of a Smartphone

Marketing Laws That Push the Boundaries of Ethics (In Google AI Overview's Words)

Executable Language and the Disappearance of Accountability

The Death of Clicks: Why Google's AI Overviews Are an Existential Threat to SEO

Labubu Authenticity Guide

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps