Micromarket

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A micromarket. MicroMarket.jpg
A micromarket.

Micro Markets constitute a retail sector closely associated with the vending machine industry.

They employ automated self-checkout technology and are commonly found in locations that require unattended payment systems. Micro Markets offer grab-and-go retail environments where customers can purchase products from open shelves, coolers, and freezers. [1]

A Micro Markets resembles a modern convenience store but functions as a fusion of vending, foodservice, and refreshment services. They typically consist of open rack displays, refrigerated coolers or freezers, and self-checkout kiosks.

The top micro-market companies in the United States are as follows:

National Leaders: Canteen, AVI Food Systems, Aramark

Regional Leaders: Cromer Food Services (South Carolina), Evergreen Vending (Pacific Northwest), Maumee Valley Group (Ohio, Michigan and Indiana), and Servomation (New York State)

A typical Micro Market generally stocks between 150 and 400 products—a notable contrast to the standard vending machine's capacity of around 40 products. [2]

References

  1. "StackPath". www.vendingmarketwatch.com. 15 September 2022. Retrieved 2022-09-27.
  2. Ketzenberg, Michael E.; Geismar, Neil; Metters, Richard D.; van der Laan, Erwin A. (March 31, 2011). "The Value of Information for Managing Inventory in Vending Machines" (PDF). NAMA: 4.