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September 19, 2018 07:34 pm

Amazon is Reportedly Planning Up To 3,000 Cashierless Stores By 2021

Amazon is planning to open 3,000 of its cashierless stores by 2021, Bloomberg reported Wednesday, planning a major push into retail as it continues to scale its online platform. CNBC: The e-commerce giant currently has three locations open in Seattle, where Amazon is headquartered, and just this past week opened a location in Chicago. Bloomberg adds: Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he's still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said. [...] Adding 3,000 convenience stores would make AmazonGo among the biggest chains in U.S. 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. Opening multiple locations in proximity, like it's doing in Seattle, could also help Amazon reduce costs by centralizing food production in one kitchen serving many stores. The U.S. currently has 155,000 convenience stores, with 122,500 of them combined with gas stations, according to industry group NACS. Non-fuel purchases at convenience stores totaled $233 billion in 2016, with cigarettes and other tobacco products the best-selling items.

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