Amazon considering opening 3,000 ‘cashierless’ stores

Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads

A report says that Amazon plans to open as many as 3,000 physical stores by 2021 - but without any cashiers.

Amazon now operates four such stores, three in Seattle and one in Chicago, and these are being used as trial-runs for a larger scale expansion of the business.

Amazon opened its first cashierless store in Seattle two years ago (pictured) and has launched two additional locations in Seattle and another in Chicago.

There's no word when the first AmazonGo store will launch in Canada, but when it does, get ready for a seamless and incredibly convenient shopping experience.

AmazonGo outlets each use hundreds of cameras and sensors to detect what customers take off shelves and bill their credit card accounts.

An Amazon representative told Business Insider the company does not comment on "rumours or speculation".

Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads

The original AmazonGo in downtown Seattle required more than $1 million in hardware alone, a person familiar with the matter has said. While opening brick-and-mortar stores seems counter-intuitive to Amazon's e-tailer DNA, we shouldn't forget that companies such as Walmart are still raking in the profits and, in that case, are valued at three times as much as Amazon.

Amazon Go is Amazon's cashierless store, which features what it calls "just walk out" technology and payment through its proprietary app. 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. Amazon's other brick-and-mortar initiatives include about 20 bookstores around the USA and the natural grocery chain Whole Foods Market, acquired a year ago. The first is on Amazon's campus in Seattle.

If a shopper puts an item back on the shelf, Amazon removes it from his or her virtual cart. With 3,000 stores to its name, Amazon would stand to take a sizable bite of that pie. "We shall see", Wolf said at the roundtable event.

"Amazon needs to figure out how to grow this", said Soper, "but limit the cost because the cost of this technology is extremely expensive right now and so by narrowing the focus on simply prepared food, they can keep the cost down and expand more quickly".

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. "It's too far away".

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