RFID Talk Blog

Russian retail alliance to open grocery “store of the future”

The use of item level retail tagging is exploding around the globe in apparel retail and other specialty retail sectors, and now a new alliance in Russia is researching the viability of RFID for grocery stores.

Grocery stores were one of the first sectors to look at RFID, given the high amount of perishable items stocked by supermarkets. However, much of the early research determined that ROI might not be high enough, given the low dollar value of many items stocked at grocery stores. However, as the price of deploying RFID decreases, some of those value propositions increase, and grocery is once again looking at RFID.

The group in Russia hopes to launch a grocery “store of the future” in 2013. According to a report in Nanowerk News, the project has a budget of 350 million rubles, equal to about $11.4M U.S.

An excerpt from the Nanowerk News:

In 2013, assuming successful development of the RFID technology, the project will open Russia’s first model grocery store for the future. X5 Retail Group will provide the platform. The project will also develop sector standards, which are prerequisites for changing the regulatory and legal framework for retail production and trade.

“Cost of the RFID tags is the greatest barrier to their broad use. Once RFID in retail trade begins on a large scale, the cost of the tags will decline and RFID will be extended to other economic sectors. With project success, Russia will become another large market for RFID tags, and that will give Russian microelectronics producers the opportunity to enter an arena where sales are forecast at up to 50 billion tags per year,” Andrey Malyshev explained. “We expect this project to foster demand for nano-enabled products and other RUSNANO projects related to RFID technologies.”

 

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