PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

No Go For Amazon Go?

Raymond Pucci by Raymond Pucci
November 8, 2017
in Analysts Coverage
0
No Go For Amazon Go

Credit Card.

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Many American shoppers want fast and convenient—and mobile self-checkout apps fit that criteria quite well. As the following article reports, the Amazon Go store opened for Amazon employees in Seattle about a year ago, and its self-mobile checkout process is still in the testing stage.

Amazon unveiled the store last December, opening it to employees only as it beta-tested the technology before allowing the general public to shop there. That grand opening was supposed to happen in the beginning of this year, but by the end of March Amazon said that technical challenges had caused it to delay the opening indefinitely. According to The Wall Street Journal, the technology ran into trouble when more than 20 people were in the store, or when customers did not replace an item in the spot they took it from.

Since then, there’s been little news on the store, and the Amazon Go website says it’s still only open to employees in its beta program.

At the time of its launch, many expected that Amazon Go would be the template for the company’s expansion into groceries, as such technology would give it a decided advantage over the competition. However, something happened to redirect that narrative.

Amazon made its blockbuster $13.7 billion acquisition of Whole Foods, a move that may have been partly motivated by the struggles with Amazon Go — the two parties didn’t start discussing a deal until April. With that move, Amazon’s focus on groceries clearly rests with Whole Foods rather than Amazon Go, and the recent announcement that Whole Foods is planning to hire 6,000 more people shows that old-fashioned manpower and not automation will be the driving force behind Amazon’s expansion into groceries through Whole Foods.

Besides the Amazon Go pilot, there are some current examples of mobile self check-out apps, the largest from Wal-Mart and Sam’s Club, called Scan and Go. They do utilize exit door monitors to verify products being taken out of the store. Amazon Go is fully automated and purchases are not verified by staff. C-stores are an ideal category for mobile self-checkout since their typical store traffic consists of quick stop and pick-up of small items. When Amazon Go becomes public has not been revealed. Some apparent technical issues have not been fully solved. Meanwhile, the Whole Foods acquisition will provide Amazon with more real-world grocery store experience and insight into consumers’ preferences for no lines and faster store check-out.

Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

Read the full story here

Tags: AmazonMobile Pay
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    5 Ways to Protect Your Financial Institution from a Cyberattack

    5 Ways to Protect Your Financial Institution from a Cyberattack

    May 26, 2023
    traditional banks

    How Traditional Banks Can Modernize Without Risk

    May 25, 2023
    identity fraud

    Javelin’s Identity Fraud Study Highlights the Changing Nature of Fraud

    May 24, 2023
    SASE, security-as-a-service

    Security-as-a-Service Secures
    Distributed IT Models

    May 23, 2023
    mule. real-time

    Early Detection of Mule Activity Requires Real-Time Solutions

    May 22, 2023
    embedded finance, ecommerce

    How Retailers Can Enter the World of Embedded Finance Confidently 

    May 19, 2023
    cross-border

    Cross-Border Trade is a Cinch with the Right Payments Partner

    May 18, 2023
    debit

    5 Reasons Merchants See Debit As
    Top-of-Mind for In-Store Sales

    May 17, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result