Friday, September 21, 2018

Amazon Could Spend $3 Billion on ‘Go’ Stores, Analyst Says

NREI
If Amazon.com Inc. proceeds with a plan to open 3,000 cashierless stores by 2021, it could cost as much as $3 billion, according to analysts at Morgan Stanley, but also signal a bigger push by one of the world’s largest companies into the grocery business.

The e-commerce giant is taking a close look at the future of its AmazonGo stores, where shoppers use a smartphone to make purchases. Amazon unveiled the first such store near its headquarters in Seattle in 2016 and has since announced two additional sites in its hometown and one in Chicago. 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.. . . more