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Amazon.Com Inc (NASDAQ: AMZN) to launch cashierless stores in the U.K.in a bid to expand its automated checkout technology outside the U.S., Bloomberg reports.
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- The initiative will mark the debut of its first brick-and-mortar store outside the U.S. It is a 2,500-square-foot Amazon Fresh-branded store in the Ealing area of London starting on Thursday.
- The store will use a range of cameras and other sensors to track the shopping behavior and charge a credit card upon exit, akin to the U.S. counterparts. Amazon is also offering to license the Just Walk Out technology to other companies.
- Amazon has opened 26 cashless convenience stores under the Amazon Go brand in the U.S. and two larger formats called Go Grocery.
- The company does not intend to change the branding of the U.S. stores.
- Amazon also runs a new line of U.S. grocery stores with conventional checkout lines called Amazon Fresh.
- The company introduced a new private label food brand in the U.K., called “by Amazon,” as a part of the debut.
- Price action: AMZN shares are lower by 0.43% at $2,991.99 in the premarket session on the last check Thursday.
- Image Courtesy: Wikimedia
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.