Amazon Said to Launch Up to 3000 AmazonGo Cashierless Stores by 2021

Amazon Said to Launch Up to 3000 AmazonGo Cashierless Stores by 2021

"We see Amazon as having to invest between $0.5 billion and $3 billion in building these 3,000 stores", analysts led by Brian Nowak wrote Thursday.

Amazon has become the world's largest online retailer by offering a vast selection and quick, convenient delivery. Once inside, an array of cameras and sensors track shoppers' progress through the store, charging a credit card on file for items the shoppers take off shelves.

The fourth Amazon Go store just opened, but a new report claims a lot more could be on the horizon. Whole Foods, for instance, started selling Amazon Echo smart speakers nearly immediately after the $13.4 billion acquisition of the grocery chain closed in August 2017. There is no checkout and no printed receipt, but customers must have a smartphone app to shop in the stores.

Amazon, like many secretive technology companies, rarely telegraphs its growth plans. However, with less staff and strictly dedicated to foodstuffs, which have a higher profitability than other retail goods, Amazon hopes to recoup the investment faster than your bog-standard food store.

Trump Urged Spain to Build Wall Across Sahara
According to Josep Borrell, the president wants the European Union member country to emulating his infamous Mexico border policy. A foreign ministry spokesperson confirmed Borrell's comments to the Guardian , but declined to comment further.

Shares of USA supermarket chains Kroger Co (KR.N) and Target Corp (TGT.N) fell between 1 and 2 percent following the news.

Currently, Amazon Go has three locations in Seattle, Washington and one in Chicago, the latter of which just opened this week.The first Seattle location opened in 2016, and it is one of two that have a small selection of groceries in addition to the limited options of salads, sandwiches and snacks all of the stores have. Under the plan cited by Bloomberg, 10 Go stores would be up and running by the end of 2018, 50 in 2019, and up to 3,000 by 2021.

Its first location in downtown Seattle cost over $1 million in hardware, according to Bloomberg. United Kingdom -based Pret has 450 locations worldwide, including New York, Boston and Chicago, focusing on fresh, healthy grab-and-go foods. Or more of a fresh-food focused experience where you drop in to grab lunch?

The surge in Amazon's advertising business is due, in part, to more people searching from the e-commerce site directly, instead of going through Google's search engine.

Related Articles

  • Hailey Baldwin and Justin Bieber are definitely married: Alec Baldwin

    Hailey Baldwin and Justin Bieber are definitely married: Alec Baldwin

    Alec Baldwin's comments come days after the young model tweeted to deny multiple reports that she and Bieber Wednesday . "I understand where the speculation is coming from, but I'm not married yet ", the model wrote to her fans.
    Stormy Daniels describes Trump’s ‘smaller than average’ penis in her book

    Stormy Daniels describes Trump’s ‘smaller than average’ penis in her book

    She recalls that when he began winning primaries, people called her as they remembered her claims that she slept with him in 2006. One of the shocking claims made in the book is that Hillary Clinton called Trump in 2007 to discuss her presidential campaign.
    Google Pixel 3 and Pixel 3 XL press renders hit the web

    Google Pixel 3 and Pixel 3 XL press renders hit the web

    Highly anticipated: Google's Pixel 3 and Pixel 3 XL devices are nearing launch and are allegedly being leaked intentionally. As you can see from the renders, the Pixel 3 has a notch-less display whereas the Pixel 3 XL has a big, ugly notch up top.
  • How PAOK could line up against Chelsea

    How PAOK could line up against Chelsea

    Tottenham's early season promise has fizzled out quickly and to say that they can challenge for the title would be too optimistic. Chelsea now sit at the top of the table but Pellegrini insists he is "confident" that his team can trouble the Blues.
    Trump Visits Hurricane-Ravaged North Carolina

    Trump Visits Hurricane-Ravaged North Carolina

    Through tears, she said she has survived hurricanes Floyd in 1999 and Matthew in 2016 but "this has been the absolute worst one". He told people things are "going to be OK", and others thanked him for coming. "We will be there 100 per cent", pledged Trump.
    Google Mini captures top spot in connected speaker market

    Google Mini captures top spot in connected speaker market

    But the company does have a few other products up its sleeves, including a new display-bearing smart speaker. The photos give credence to previous rumors that Google may soon launch its own smart display .
  • First Captain Marvel trailer starring Brie Larson drops

    First Captain Marvel trailer starring Brie Larson drops

    In fact, it's a Flerken's bum - belonging to Chewie, the alien cat that Carol Danvers carries with her in the comics. You'll have to watch the Captain Marvel chronological re-edit to find out.
    Machines will do more tasks than humans by 2025

    Machines will do more tasks than humans by 2025

    Based near Geneva, the WEF surveyed executives representing 15 million employees in 20 economies. However, in terms of overall numbers of new jobs, the outlook is positive.
    'Pakistan always stands by Saudi Arabia,' Khan tells Arabiya TV

    'Pakistan always stands by Saudi Arabia,' Khan tells Arabiya TV

    Rejecting the SAARC suggestion, Mr Kumar said: "We have agreed to their request for a meeting but do not read too much into it". Foreign Affairs spokesperson Dr Mohammad Faisal, in a tweet, said that Khan was awaiting a formal response from India.
  • Red Dead Online rolling out in November

    Red Dead Online rolling out in November

    That means players can look forward to "constant updates and adjustments" intended to "grow and evolve" the experience. Rockstar Games has announced " Red Dead Online ", the online component of the upcoming " Red Dead Redemption 2 ".
    James Bond 25: Cary Fukunaga named as new director

    James Bond 25: Cary Fukunaga named as new director

    When Danny Boyle unceremoniously exited Bond 25 (over dreadfully vague "creative differences"), we despaired. Fukunaga was announced as the director for the 25th James Bond film by producers Michael G.
    President Trump tours Florence destruction in North Carolina

    President Trump tours Florence destruction in North Carolina

    "There are communities that are under water right now", Wayne County spokesman Joel Gillie said Wednesday. Ten thousand evacuees remain in state shelters, Cooper said, and hundreds of thousands are without power .