Monday, December 17, 2018

Is This What Derails Amazon's Plans for 3,000 Cashless Stores?

Motley Fool wants to open 3,000 cashierless Amazon Go stores by 2022, but the effort could be stymied if more states follow New Jersey's lead and require all retailers to accept cash.

Excluding transactions made online, by telephone, or via mail, as well as certain airport stores and parking facilities, a bill unanimously approved by a state senate committee would prohibit any brick-and-mortar store in the state from being cashless, with violations carrying hefty fines. It's this sort of Luddite thinking that could prevent Amazon from transforming the retail industry.. . . more