Seattle, WA – Amazon Considering Opening Up To 3,000 Cashierless Stores By 2021: Bbg

    0

    FILE PHOTO: Employees work in the kitchen area of the new Amazon Go store on 7th Avenue and Blanchard Street at AmazonÕs Seattle headquarters in Seattle, Washington, U.S., January 29, 2018.   REUTERS/Lindsey Wasson/ File PhotoSeattle, WA – Amazon.com Inc <AMZN.O> is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-19/amazon-is-said-to-plan-up-to-3-000-cashierless-stores-by-2021 on Wednesday, citing people familiar with the matter.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email


    Shares of U.S. supermarket chains Kroger Co <KR.N> and Target Corp <TGT.N> fell between 1 and 2 percent following the news. Amazon shares were down about 1 percent.

    The company currently has three Amazon Go stores in Seattle, and plans to expand in Chicago, San Francisco and New York.

    The Amazon Go store, which has no cashiers and allows shoppers to buy things with the help of a smartphone app, is widely seen as a concept that can alter brick-and-mortar retail.

    Customers have to scan a smartphone app to enter the store. Once inside, cameras and sensors track what they pick up from the shelves and what they put back. Amazon then bills shoppers’ credit cards on file after they leave.

    Amazon did not immediately respond to a request for comment.


    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates


    Connect with VINnews

    Join our WhatsApp group