Invengo Information Technology Pairs With Rainbow Department to Build Unstaffed Convenience Store
Dou Shicong
DATE:  Aug 08 2017
/ SOURCE:  Yicai
Invengo Information Technology Pairs With Rainbow Department to Build Unstaffed Convenience Store Invengo Information Technology Pairs With Rainbow Department to Build Unstaffed Convenience Store

(Yicai Global) Aug. 8 -- Invengo Information Technology Co. [SHE:002161], a Chinese electronic label developer headquartered in Guangdong, will collaborate with Rainbow Department Store Co. [SHE:002419] to build the latter's first staff-less convenience store.

Covering an area of 12 square meters, the unmanned shop will open Aug. 8 in the Rainbow Building located on Central Road, Nanshan district, Shenzhen, in China's southeastern Guangdong province, per the announcement by Rainbow Department Store.

The store will link with the Rainbow Care app, a mobile service platform of Rainbow Department Store, applying Radio Frequency Identification (RFID), intelligent monitoring, online payment and other technologies to effectively enhance the shopping experience. Invengo Information Technology will furnish the RFID technology and supporting software for commodity management, entry, payment, exit and other links in the unattended express outlet, the firm said.

The two sides have signed sales contracts for relevant products, adding that retail Internet of Things (IOT) has been one of the focuses of its main business strategy since 2015, Invengo Information Technology stated. As an emerging retailing format, unattended retailing may claim massive market space, and the unattended convenience store in tandem with Rainbow Department Store will be the company's first cooperation project in the field of staff-less retailing, Invengo Information Technology said.

RFID technology is a communication technology that can identify specific targets and read and write relevant data through radio signals, public data shows. It does not need to establish either mechanical or optical contact between the recognition system and specific targets and is the key technology driving the IOT.

Follow Yicai Global on
Keywords:   Invengo,Rainbow,Unmanned Convenience Stores,RFID