Tuesday, January 8, 2019

Amazon Go could become $4 billion business

Supermarket News
The sales opportunity for Amazon Go cashierless stores could top $4 billion by 2021 if reports on the high-tech retail concept’s expansion bear out, according to an RBC Capital Markets analysis.

In a research note, RBC estimated average annual sales of $1.5 million apiece for the current nine Amazon Go stores. A Bloomberg report in September said Amazon.com Inc. may open up to 3,000 Amazon Go outlets by 2021. Based on the per-store sales estimate by RBC, that would translate into a $4.5 billion business over the next several years.. . . more