France Retailer Groupement Mousquetaires Prepares for Rollout of AI-powered Shrink Reduction Solution
Rhea-AI Summary
Groupement Mousquetaires, a French retail group, plans to implement Diebold Nixdorf's (NYSE: DBD) AI-powered solution across its stores following a successful pilot program. The Vynamic® Smart Vision I Shrink Reduction system, tested at an Intermarché store in La Farlède since March 2024, uses AI to detect checkout errors and prevent fraud at self-service checkouts.
The pilot program demonstrated significant improvements: erroneous transactions decreased from 3% to less than 1%, and cashier interventions dropped by nearly 15%. The system analyzes customer behavior in real-time, detecting unscanned items, stacked items, and unpaid checkouts, alerting both customers and store staff of any errors.
This technology implementation aims to reduce shrinkage, improve operational efficiency, and enhance customer experience across Groupement Mousquetaires' retail brands, including Intermarché, Netto, and Bricomarché.
Positive
- Significant reduction in erroneous transactions from 3% to less than 1%
- 15% decrease in required cashier interventions
- Successful pilot program leading to broader implementation across store locations
- Real-time detection and prevention of checkout fraud
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, DBD declined 0.75%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Deployment of Vynamic® Smart Vision I Shrink Reduction from Diebold Nixdorf follows successful pilot program at Intermarché store in La Farlède
Vynamic Smart Vision I Shrink Reduction uses technology to analyze customers' behavior and activities in real-time, detecting if an item passes through without being scanned, items stacked on top of each other or if a customer leaves the checkout without paying. In the event of an error, the customer is alerted via an on-screen message, and store attendants also receive an alert on their mobile terminal.
Maxime Canu, member of Inno Lab at Groupement Mousquetaires, explains: "With this AI technology solution from our partner Diebold Nixdorf, we have designed an innovation that revolutionizes self-service checkout management. It benefits everyone: customers, staff members and our retailers. The ability to reduce losses, make transactions more fluid and remove friction for consumers marks a real turning point for our sector."
Since its introduction at the Intermarché store in La Farlède in March 2024, the AI-powered solution has produced remarkable results:
- Erroneous transactions, a major concern for retailers, dropped from
3% to less than1% . This significant improvement highlights the effectiveness of the Smart Vision technology to identify anomalies. This advancement enables shoppers to rectify a transaction on their own and helps retailers reinforce control processes, ultimately reducing financial losses. - Thanks to this solution, cashier interventions fell nearly
15% , helping transactions in the self-service checkout area become smoother and require less manual intervention. This translates into reduced waiting times and an optimized shopping experience for customers, enabling staff to concentrate on higher-value tasks.
Laurent Hugou, owner of the Intermarché store in La Farlède and president of Stime, the Information System Department of Groupement Mousquetaires, said: "Thanks to this AI-powered solution from Diebold Nixdorf we have seen a significant reduction in errors, which eases the workload for our team and improves the experience for our customers. Interactions between staff and customers have become smoother and more pleasant. After just six months in use, this technology has already become indispensable to our day-to-day operations."
Matt Redwood, vice president, Retail Technology Solutions at Diebold Nixdorf said: "We are excited to take the next step with Groupement Mousquetaires and prepare the rollout after achieving strong results during the test phase. Our combined solution out of hardware, software and service globally has been designed alongside retailers, keeping store staff, serviceability and customer experience in mind. It provides a range of actionable outputs that help the retailer combat shrink without alienating their customers."
About Groupement Mousquetaires
Groupement Mousquetaires was created in 1969 and is based on a private initiative. It gathers together over 3,000 independent entrepreneurs, 150,000 employees and has over 4,000 stores that are part of 7 store brands Intermarché, Netto (food); Bricomarché, Brico Cash, Bricorama (home equipment); Roady and Rapid Pare-Brise (mobility). Groupement Mousquetaires has its own support services, logistics bases and 56 factories agri-food companies, all located in
About Diebold Nixdorf
Diebold Nixdorf (NYSE: DBD), Incorporated, automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.dieboldnixdorf.com for more information.
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SOURCE Diebold Nixdorf, Incorporated