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Amazon launches business selling automated checkout to retailers
Source: Reuters
TECHNOLOGY NEWS MARCH 9, 2020 / 3:11 AM / UPDATED 18 MINUTES AGO
Amazon launches business selling automated checkout to retailers
Jeffrey Dastin
4 MIN READ
(Reuters) - Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.
The world’s biggest web retailer said it has “several” signed deals with customers it would not name. A new website Monday will invite others to inquire about the service, dubbed Just Walk Out technology by Amazon.
The highly anticipated business reflects Amazon’s strategy of building out internal capabilities - such as warehouses to help with package delivery and cloud technology to support its website - and then turning those into lucrative services it offers others.
Its chain Amazon Go has brought shopping without checkout lines into the mainstream, and the market for retail without cashiers - one of the most common vocations in the United States - could grow to $50 billion, U.S. venture firm Loup Ventures has estimated.
-snip-
Amazon launches business selling automated checkout to retailers
Jeffrey Dastin
4 MIN READ
(Reuters) - Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.
The world’s biggest web retailer said it has “several” signed deals with customers it would not name. A new website Monday will invite others to inquire about the service, dubbed Just Walk Out technology by Amazon.
The highly anticipated business reflects Amazon’s strategy of building out internal capabilities - such as warehouses to help with package delivery and cloud technology to support its website - and then turning those into lucrative services it offers others.
Its chain Amazon Go has brought shopping without checkout lines into the mainstream, and the market for retail without cashiers - one of the most common vocations in the United States - could grow to $50 billion, U.S. venture firm Loup Ventures has estimated.
-snip-
Read more: https://www.reuters.com/article/us-amazon-com-store-technology/amazon-launches-business-selling-automated-checkout-to-retailers-idUSKBN20W0OD
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