Entrepreneur Creates Super Low Cost, Cashless Grocery


An entrepreneur in Great Britain is creating the first cashless supermarket, appealing to people on government aid and in poorly-paid jobs.

Stelios Haji-Ioannou is the creator of easyFoodstore budget supermarket. He also created bargain airline easyJet and windowless rooms at easyHotel.

The no-frills food and service will also eventually not take cash. A spokesperson for the store told the Daily Mail that it’s easier to process card payments than to cash up every day and pay a security firm to bank it.

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The company also said that to compete with stores like ALDI and the wages will be low.

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‘We are aiming to be a low-cost supermarket so we need to keep costs low, property rent has got to be low, stock prices have got to be low and, inevitably, we will be looking towards the bottom end of the salary scale for employees,” said a spokesman.

And the cost will be incredibly low.

All goods will be unbranded ‘with white labels’ and will cost an average of 50p per item.

It will sell frozen and dried food, and only a few fresh items such as milk, bread, and possibly fruit.

Do you think America could use a store like this? Please comment below.

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