tl;dr
Amazon (NASDAQ:AMZN) is shelving the 'Just Walk Out' technology, which lets shoppers pay for items and skip the checkout line, from its Fresh stores in the U.S., as customers preferred to see their receipts and savings in real time. Amazon (AMZN) Fresh stores will replace the grab-and-go technology...
Amazon (NASDAQ:AMZN) is shelving the 'Just Walk Out' technology, which lets shoppers pay for items and skip the checkout line, from its Fresh stores in the U.S., as customers preferred to see their receipts and savings in real time. Amazon (AMZN) Fresh stores will replace the grab-and-go technology with Dash Carts, which will let shoppers track their spending by scanning items as they go, while still allowing them to skip checkout lines. They can still go for self-checkout lanes or can check out with cashiers. Out of the 44 Amazon (AMZN) Fresh stores in the U.S., 27 use 'Just Walk Out,' which relies on cameras and shelf sensors. The technology will remain in Amazon (AMZN) Go stores and some Fresh stores in the U.K. It will also be available to some third-party retailers. Amazon (AMZN) faced challenges in controlling costs and building support for 'Just Walk Out' with other retailers, The Information reported.
More about Amazon.com Inc
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Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: $1,879,807,754,000
P/E Ratio: 62.4
Dividend Yield: None
Beta: 2.9
Current Price: $208.23
50-Day Moving Average: $50.69
Relative Strength Index (RSI): 55.78
Volatility: 0.139
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