Self-service coin counters help grocery stores generate more revenue
Natural food stores can set themselves apart in an increasingly competitive market by offering self-service coin counters to customers. The demand for natural and organic food products is growing dramatically in the U.S. The expansion of these product categories has opened the door for many natural grocery stores to enter the market, making competition tougher.
In 2012, U.S. organic food sales reached $28 billion, which is growth of more than 150 percent since 2004, according to MarketWatch. Consumers are more concerned about the use of pesticides in food production and the environmental impact of fertilizer. Shoppers are more conscious of where foods come from, and many people want to limit their exposure to chemicals. Some grocery chains have used this desire for more natural products to their advantages. In addition, an entirely new grocery store category has emerged, with Whole Foods leading the pack. Even Wal-Mart has entered the organics market, offering environmentally concerned shoppers lower-cost options.
What retailers can do to stay competitive
As the demand for natural and organic food products continues to increase, grocery stores will have to contend with more competition, whether it's from new retailers or existing chains expanding their offerings. Coin counting machines give natural food chains another reliable way to generate more revenue without raising prices or eliminating profit margins. Consumers will appreciate having access to these amenities, giving retailers another opportunity to provide high levels of services to their customer bases.
May 6, 2014