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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen2/23/2018 10:12:33 AM
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Amazon plans to open as many as six more cashierless Amazon Go stores this year

Amazon’s much-heralded convenience store of the future, Amazon Go, may seem like a crazy experiment. But the company plans to open as many as six more of these storefronts this year, multiple people familiar with the company’s plans have told Recode.

Some of the new high-tech stores are likely to open in Amazon’s hometown of Seattle, where the first location is based, as well as Los Angeles, these people said. It’s not clear if Amazon will open up Go stores in any other cities this year.

In Los Angeles, Amazon has held serious talks with billionaire developer Rick Caruso about bringing a Go store to The Grove, his 600,000-square-foot outdoor shopping Mecca, two of these people said.

And in Seattle, Amazon had identified at least three locations for additional Go stores as of last year, according to one source.

Amazon is hoping that by making convenience store trips even faster, it will raise the bar for brick-and-mortar shopping in much the same way that Amazon Prime did for online shopping and delivery.

Read More – Recode
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