Amazon Go Stores Could be Worth Over $4 Billion by 2021

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Amazon Go

Amazon Go could be a multi-billion dollar business for the retail giant, according to new figures reported by Re/Code. Analysts at RBC Capital Markets concluded that Amazon Go stores could earn 50% more than conventional stores. They found that the average store generates an estimated $1.5 million in revenue annually.  Amazon plans to open up to 3,000 stores over the next two years, meaning the business could be worth around $4.5 billion by 2021. However, each store requires a $1 million investment in hardware before it opens.

Amazon’s new cashless, cashierless stores — which allow customers to just grab items off shelves and automatically get charged upon exiting, thanks to a bevy of sensors and cameras — bring in about 50 percent more revenue on average than typical convenience stores, according to new estimates from RBC Capital Markets analysts.

Amazon Go: a Retail Store with No Checkout Lines (Kind of Like Apple)

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Woman shopping at Amazon Go with

Amazon has taken a page from Apple’s book and maybe one-upped it, or at least brought it closer to home. The company announced Amazon Go, a combination retail store and app that allows you to walk in, scan a code, and walk out without doing going through any form of checkout line. Apple’s been doing something similar for years.