Amazon opens 1st store without checkout lines or cashiers

Discussion in 'Wall St. News' started by guru, Mar 3, 2020.

  1. guru

    guru

    https://www.today.com/food/amazon-opens-its-1st-store-without-checkout-lines-or-cashiers-t174611

    Cashiers are so 2019.
    Feb. 25, 2020, 8:53 AM PST
    Amazon is aiming to kill the supermarket checkout line.

    The online retail giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the $800 billion grocery industry.

    At the new store, opening Tuesday in Seattle, shoppers can grab milk or eggs and walk out without checking out or even opening their wallets. Shoppers scan a smartphone app to enter the store. Cameras and sensors track what's taken off shelves. Items are charged to an Amazon account after leaving.

    [​IMG]
    The first Amazon Go store in Seattle is stocked with baked goods, meat, produce and household items. There are no cashiers so you need an Amazon account to shop at the store. Bloomberg via Getty Images
    Called Amazon Go Grocery, the new store is an expansion of its 2-year-old chain of Amazon Go convenience stores. At 10,400 square feet, the supermarket is more than five times the size of the smaller stores, and stocks more items beyond the sodas and sandwiches found at Amazon Go. The new market stocks fresh baked bread, blood oranges, butternut squash and other food to whip up dinner or stock the fridge.

    Amazon is not new to groceries. The company made a splash in 2017 when it bought the Whole Foods brand and its 500 stores. It’s also been expanding its online grocery delivery service. But it’s still far behind rival Walmart, the nation’s largest grocer, which has more than 4,700 stores. Walmart has also found success with its online grocery service, that lets shoppers buy items online and then pick them up at stores.

    Amazon plans to open another type of grocery store in Los Angeles sometime this year, but the company said it won't use the cashier-less technology at that location and has kept other details under wraps.

    At the new Seattle store, families can shop together with just one phone scanning everyone in. Anything they grab from the shelf will be added to the tab of the person who signed them in. But shoppers shouldn't help a stranger reach something from the top shelf: Amazon warns that grabbing an item for someone else means you’ll be charged for it.

    While cashier-less stores remove a major annoyance for customers, waiting in long lines to pay, it also takes away parts of supermarket shopping that some customers may miss. There's no one to bag groceries at Amazon Go Grocery. Instead, Amazon gives out reusable bags so shoppers can fill them as they shop. And there’s no deli counter, butcher or fresh fishmonger. Instead, packaged sliced ham, steaks and salmon fillets are sold in refrigerated shelves.

    Other retailers and startups have been racing to create similar cashier-less technology. Earlier this month, for example, 7-Eleven said it started testing a cashier-less store inside its Irving, Texas, offices.

    Amazon declined to say if it plans to open more cashier-less grocery stores. Since it launched its first Amazon Go store in 2018, the Seattle-based company has opened about 25 of them in big cities, such as Chicago, New York and San Francisco.
     
    Nobert likes this.
  2. d08

    d08

    Who am I supposed to argue with about the $0.05 canned tuna pricing error then?
     
    Nobert, athlonmank8 and guru like this.
  3. guru

    guru


    You just argue with yourself, and later check your credit card statement to see whether you sounded logical enough.
     
    FSU likes this.
  4. F**k amazon.
    For every 10 jobs they "create" at $15/hr, 10 OTHER jobs at $20/hr get destroyed.
    Only beneficiaries? UPS/Fedex/bezos/CHINA
    F**k amazon.
     
  5. d08

    d08

    The future makes mentally ill people indistinguishable from the supposed normal ones -- everyone will be mumbling by themselves while shopping.
     
    guru likes this.
  6. guru

    guru


    Agree, but this is happening in every industry, and is unavailable.
    A potential positive outcome may be that 100 years from now people may be asking “Is it true that humans needed to work for money 100 years ago? That’s so cruel!”
    Humanity always evolves towards bettering itself, looking at previous centuries as primitive.
     
    Nobert likes this.
  7. You sound like a real loser. I think your name on here should be "handouttaker" instead.

    This shit wouldn't be happening if minimum wage wasn't jacked up to $20/hr. Most people who make good money in this world had to bust their ass for it.
     
  8. I just don't drink the amzn "kool-aid"

    Where are the "drone deliveries" taking place?
    They ended up buying 20,000 vans (with HUMAN drivers) to copy and screw fedex/ups.
    They SCREW and ENSLAVE any "seller" who offers stuff on their platform.
    Then they turn around and offer to LEND these people money to keep them ENSLAVED for even longer.
    There is ONE positive though...their gargantuan size means that GOING FORWARD, their GROWTH rate will be same as GDP and they will find it very hard to extract ANY profit from that!
     
  9. Nobert

    Nobert

    At the moment, im reading Wealth of Nations by Adam Smith.

    300 yrs ago, one blacksmith could make 1000 nails per day, a master - 2000.

    A small team of 20, would reach up 100 000 and more.
    (teamwork, productivity increased,less time wasted)


    Theres no more , hand-made nails these days for sale.
    (probably is, whatever :rolleyes: )

    But theres underwater oil rig divers and etc.

    Simple evolution and for the better.
     
    guru likes this.
  10. Here is a list of the DOW30 from 40 years ago:

    Allied Chemical Corporation General Electric Company Owens-Illinois, Inc.
    Aluminum Company of America General Foods Corporation The Procter & Gamble Company
    American Can Company General Motors Corporation Sears Roebuck & Company
    American Express Company ↑ Goodyear Tire and Rubber Company Standard Oil Co. of California
    American Telephone and Telegraph Company Inco Limited Texaco Incorporated
    American Tobacco Company (B shares) International Business Machines Corporation Union Carbide Corporation
    Bethlehem Steel Corporation International Harvester Company United States Steel Corporation
    E.I. du Pont de Nemours & Company International Paper Company United Technologies Corporation
    Eastman Kodak Company Merck & Co., Inc. Westinghouse Electric Corporation
    Exxon Corporation Minnesota Mining & Manufacturing Company F. W. Woolworth Company


    How many of them outperformed "the market" (any major index) in the last 40 years??

    My point is: amzn is going DOWNHILL from now on (relative to everyone else) and that's great!
     
    #10     Mar 3, 2020