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Daily Newsletter

10 August 2023

Daily Newsletter

10 August 2023

Badger Technologies deploys in-store robots at McCoy’s Building Supply

The robots will reduce OOS products by up to 50% and increase price-tag accuracy by more than 97%.

Jangoulun Singsit August 09 2023

US-based hardware retailer McCoy’s Building Supply is deploying in-store robots supplied by Jabil product division Badger Technologies.

The rollout of robotics is currently underway. The retailer has 85 stores in Texas, New Mexico and Oklahoma.  

The decision to deploy Badger Technologies' autonomous robots aligns with the company’s commitment to improving the experience of its customers and team members.

McCoy’s Building Supply operation & merchandising senior vice-president Waylon Walker said: “We continually seek innovative ways to elevate customer service while removing operational obstacles for store associates.

“With Badger Technologies robots, we can eliminate manual, time-consuming inventory checks and attain real-time data to better address customer preferences and buying trends.”

The multipurpose, autonomous robots will enable McCoy Building Supply stores to detect out-of-stock (OOS) and incorrectly priced products with more than 95% accuracy.

It will also reduce OOS products by up to 50% and improve price-tag accuracy by more than 97%.

The robots can inventory shelf scans in just two hours each day, which reduces shelf inspections for associates.

Badger Technologies said that the technology will reduce the time required to conduct product and price checks by 72% each week.

Badger Technologies CEO William “BJ” Santiago said: “Our multipurpose autonomous robots offer retailers much-needed relief by extending staff operations and providing critical data to increase efficiencies and improve shopping experiences.

“The robots deployed by McCoy’s are making a major impact in increasing customer satisfaction, improving storewide operations and boosting retail revenues.”

APAC duty-free market expected to grow fastest, fueled by rising income levels and international travelers

Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. That said, growth will be held in check in the years ahead by the permanent erosion of disposable income from the heightened cost of living impacting demand for air travel. The duty-free market in the APAC region showed strong growth in 2022, as traveler numbers surged in response to the lifting of travel restrictions. To cater for rising demand in the region, many airports in the APAC area are expanding and modernizing, giving duty-free stores greater space that will allow them to attract more customers. The future of APAC duty-free retail is also being shaped by the adoption of technology. The rise in online shopping, mobile payments, and digital marketing are giving businesses new ways to connect with customers and improve the shopping experience.

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