Smart Store Technology Business

Smart Store Technology Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Imagine walking into a store where the technology knows what you need before you do. Starting a smart store technology business means developing or integrating advanced tech solutions—like AI, IoT devices, and data analytics—to revolutionize the retail experience. We're talking about automated checkouts, personalized shopping suggestions, and real-time inventory management, turning ordinary stores into futuristic shopping experiences.

Consumers are increasingly looking for convenience and efficiency, and retailers want to offer more personalized services without increasing costs. That's where your business comes in—providing the technological backbone to update traditional stores for the modern age. It's a growing market with substantial investment from the retail sector.

While creating a smart store technology business requires a deep understanding of tech and retail, the payoff is significant. By partnering with retailers, you can help them stand out in a crowded market, making shopping quicker, smarter, and more enjoyable for customers.

In this list, you'll find real-world smart store technology business success stories and very profitable examples of starting a smart store technology business that makes money.

1. 365 Retail Markets ($86.4M/year)

Joe Hessling, the founder of 365 Retail Markets, came up with the idea for his business after realizing the potential of self-checkout convenience. Starting with one MicroMarket, he turned it into 29,000 worldwide, generating $72 million in revenue in 2019. Hessling's previous experience in the food business and understanding of the blue-collar workforce played a crucial role in the success of his innovative concept.

How much money it makes: $86.4M/year
How many people on the team: 239

The Story Behind This $72M/Year Grab-N-Go MicroMarkets Company

365 Retail Markets, founded by Joe Hessling, started with one MicroMarket and turned it into a global industry leader with 29,000 locations worldwide, generating revenue of $72 million in 2019 by offering grab-n-go convenience through self-checkout kiosks and healthy snacks.

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