365 Retail Markets Partners with Vendpro to Expand MicroMarket Technology into Australia
Troy, Michigan–8 August 2018–365 Retail Markets, the global leader in MicroMarket technology – offering a best in class point-of-sale platform for the vending, foodservice and hospitality industries, is proud to announce the international expansion of their MicroMarket technology into Australia with the launch of the first MicroMarket in Sydney on 2 August 2018.
In response to the shifting workplace environment, 365 Retail Markets pioneered one of the first MicroMarket technology solutions in the United States. The 365 MicroMarket kiosk radically transformed the way employees view the breakroom.
A MicroMarket is a 24/7 self-service market, typically found in a workplace breakroom that offers hundreds of fresh, healthy foods and niche items not found in vending machines. The market features open shelving and coolers and uses a self-checkout kiosk for purchases. As workplace demographics shift towards more tech-savvy millennials, the need for automated technology and accessibility to fresh, locally sourced snacks has increased. MicroMarkets have filled that need and are helping to keep employees engaged and productive at work.
MicroMarkets are growing in popularity and operators outside of the US are seeing a 150-297% increase in revenue at locations that upgraded from traditional vending. MicroMarkets have been shown to: increase sales, customer service, and employee satisfaction, all while decreasing operating costs. In the US, the average MicroMarket processes 161 transactions per day, totaling $63,192 in annual revenue. Over the next 10 years, MicroMarkets are projected to generate $1.6 billion industry-wide.
“We are excited to launch the MicroMarket concept in Australia,” said John Chidiac, President of 365 International. “After launching our platform in Europe three years ago, the expansion into the Australian market is a natural entry point into the region as we continue our global expansion. Thanks to our team’s hard work and to Vendpro, our valued Distributor, we look forward to further growth across all Australian states and territories.”
A market leader in vending equipment for over two decades, Vendpro is leading the adoption of MicroMarkets in Australia, debuting the MicroMarket concept using 365’s technology in Australia at the AVA Melbourne show 26-27 July 2018
“We were looking for the latest technology, easy-to-use, modern looking, and reliable equipment with best in the industry back-up support, easy-to-use management system and obviously excellent service levels,” said Minette van Zyl, Director of Accounting and Finance for Vendpro. “We were looking for a partner that is honest, operated with integrity and is trustworthy; and we got all of that in 365.”
About 365 Retail Markets
365 Retail Markets, a rapidly growing self-service technology company with offices in Metro Detroit, Santa Clara, and Provo, creates technology that connects people with products at work. The proprietary 365 technology provides a turnkey platform that allows customers to increase sales, improve the end-user experience, and increase profits while reducing operating costs!
Jen Tonio, 365 Retail Markets