USA, Seattle, Washington. The 1,800-square-foot store, dubbed “Amazon Go,” is the latest beach in brick-and-mortar retail stormed by the e-commerce giant. It’s clearly a sign Amazon sees a big opportunity in revolutionizing Main Street commerce. This was reported by The Seattle Times.
The Bureau of Labor Statistics says that cashiers are the second-largest occupation, with 3.5 mill. employed in the U.S. Analysts say the move shows how aggressively Amazon is pursuing the grocery business, which represents about 17% of total U.S. retail, or nearly $800 bn. It’s an area dominated by Wal-Mart, an Amazon rival that is revving up its e-commerce game. For Amazon, it represents a huge source of potential revenue growth, plus another way to ensconce itself in people’s shopping habits. Amazon could get even more bang for its revolutionary technology, perhaps, by selling it to other brick-and-mortar retailers.
The Amazon Go store at the corner of Seventh Avenue and Blanchard Street is expected to be open to the public in early 2017.