Amazon to launch 3,000 cashierless stores by 2021

Amazon to launch 3,000 cashierless stores by 2021

In order for Amazon to get to 3,000 stores by the beginning of 2021, it would have to open approximately 107 stores a month. Food offerings include convenience-store mainstays like snacks and drinks along with ready-to-eat, to-go breakfast, lunch, dinner and snack options.

The internet giant is considering plans to have about 10 locations open by the end of this year, about 50 locations in major metro areas in 2019, and then as many as 3,000 by 2021, said the people, who requested anonymity discussing internal plans.
The shares rose about 1 percent to $1,942.82 at 10:41 a.m.in NY. Reports in the past year about Amazon's plans have rattled incumbent players in a wide range of industries, including groceries, pharmacies and specialty office suppliers. An Amazon spokeswoman declined to comment.

Amazon opened its first Amazon Go store in its hometown of Seattle in 2016. Amazon has since opened that store to the public and added two more in Seattle. With 3,000 stores to its name, Amazon would stand to take a sizable bite of that pie. For comparison, there are close to 67,000 7-Eleven locations around the globe. Walmart, trading higher before Bloomberg's report, fell afterward, ending trading Wednesday down 0.2 percent.

The $940 billion company, whose main businesses... Amazon is also planning to open one in NY.

Amazon, like many secretive technology companies, rarely telegraphs its growth plans.

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If a shopper puts an item back on the shelf, Amazon removes it from his or her virtual cart.

'We don't comment on rumors or speculation, ' an Amazon spokesperson told CNBC.

The three stores in Seattle have operated with minimal errors, the few of which have cost less than maintaining a staff of cashiers that would be getting paid the city's $15.45 corporate minimum wage. The convenience store concept, which works with its own app, allows customers to shop without having to wait in checkout lines.

AmazonGo outlets each use hundreds of cameras and sensors to detect what customers take off shelves and bill their credit card accounts. "If you weren't in a high-traffic area, you were going to be at a great disadvantage". Some of the most recent Amazon Go locations feature only the prepared-food section without a grocery selection.

Amazon's ramp up could accelerate quickly.

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