If Amazon intends to get that total up to 3,000 by the end of 2021, it needs to be opening 20 new stores a week from the beginning of 2019 onwards.
Amazon Go is seen as a competitor to the already well-established chains of 7-Eleven convenience stores and Subway fast-food restaurants. Sensors and computer-vision technology detect what shoppers take and bills them automatically, eliminating checkout lines.
Right now, there are three Amazon Go stores in Seattle (7th & Blanchard, 5th & Marion, and 300 Boren Ave N) and one in Chicago. Amazon has poured considerable resources into its grocery business in the past 15 months and bought the upmarket organic grocer Whole Foods for $13.7 billion last summer.
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Customers have to scan a smartphone app to enter the store. Walmart declined as much as 0.6 percent, reversing an earlier gain, while Target Corp. dropped about 1.5 percent and Kroger Co. slid as much as 3.1 percent. Some of the shops only offer a limited selection of salads, sandwiches and snacks, while others have a small selection of groceries, making it more akin to a convenience store.
Amazon Go sells an array of prepared food alongside grab-and-go convenience-store grocery staples.
The company's rationale is simple: while it has developed into a massively successful enterprise, Jeff Bezos recognizes most money is still spent in brick-and-mortar stores and has devised a master to create 3,000 Amazon Go-type stores. But it has pushed back on past reports that executives had given the green light to a major expansion of Go. The original Amazon Go in downtown Seattle required more than $1 million (roughly Rs. 7.2 crores) in hardware alone, according to a person familiar with the matter. After opening its first location in 2016, Amazon is now up to 16 locations. "Over time, Amazon's ability to use all of these datasets should lead to a more customer-focused brick and mortar shopping experience and a higher share of wallet flowing toward Amazon". United Kingdom -based Pret has 450 locations worldwide, including New York, Boston and Chicago, focusing on fresh, healthy grab-and-go foods.