Amazon Go is the first cashierless, checkout-free grocery store. The revolutionary new retail model could have a major impact on the industry. Travelers may soon see Amazon's cashier-less, high-tech store format at airports. According to the Reuters exclusive report, the online retail giant has been evaluating top U.S. airports as potential new locations for its Amazon Go concept. A total of seven Amazon Go stores, which use sensors and cameras so that shoppers don't have to check out in the traditional sense when they leave the store, already exist in Chicago, San Francisco and Seattle.
Amazon is set to test its cashier-less checkouts in bigger stores, according to the latest report. The firm is already testing the Amazon Go system in small convenience stores which are less than 2,500 square feet (232 square metres) large in Seattle, San Francisco and Chicago. However, reports suggest the firm would like to start implementing the checkout-free system in Whole Foods stores, which are typically 40,000 square feet (3,700 square metres) large. In September it was revealed Amazon was looking to open 3,000 of its cashier-less stores by 2021. Amazon is set to test its cashier-less checkouts in bigger stores, according to the latest report (file photo).
Amazon on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters. The world's biggest web retailer said it has "several" signed deals with customers it would not name. A new website Monday will invite others to inquire about the service, dubbed Just Walk Out technology by Amazon. The highly anticipated business reflects Amazon's strategy of building out internal capabilities – such as warehouses to help with package delivery and cloud technology to support its website – and then turning those into lucrative services it offers others. Its chain Amazon Go has brought shopping without checkout lines into the mainstream, and the market for retail without cashiers – one of the most common vocations in the United States – could grow to $50 billion, U.S. venture firm Loup Ventures has estimated.
Amazon is said to be considering opening 3,000 of its cashierless stores by 2021. The tech giant already has four locations of its Go stores up and running, but it may have up to 10 locations open by the end of the year, with as many as 50 by 2019, Bloomberg reported, citing sources close to the situation. It would mark the latest example of Amazon's rapidly growing e-commerce, cloud computing and, now, advertising empires - as the firm's online advertising business gets closer to overshadowing the likes of Google and Facebook. Amazon opened its first cashierless store in Seattle two years ago and has launched two additional locations in Seattle and another in Chicago. The firm's main challenge to opening more stores is the high cost of the technology used to power the cashierless design, as well as other hardware.
Amazon.com is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to public records and a person familiar with the strategy. The move underscores how a company that started as an online bookseller is making forays into brick-and-mortar retail to capture a greater share of shoppers' spending. For months, the world's largest online retailer has been expanding Amazon Go, where customers scan their smartphones at a turnstile to enter, and then cameras identify what they take from the shelves. Amazon.com is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to records. When shoppers are finished, they simply leave the store and Amazon bills their credit cards on file.