Markets

Amazon is expanding its Go convenience store to two more locations

Amazon is expanding its Go convenience store to two more locations

Amazon, which opened a cashierless store in Seattle this year, plans more locations in Chicago and San Francisco.

There is now only one Amazon Go store located in Seattle.

Amazon debuted its first Amazon Go location at its headquarters in Seattle in December 2016; it opened to the public in January of this year. In response, Amazon's vice president said this move "forces us to question our growth here". New stores will be opening in Chicago and San Francisco according to job postings and later confirmation by an Amazon spokesperson. It is recently reported that Amazon had its eye on an Amazon Go location in San Francisco's Union Square neighborhood. "Come join Amazon Go and help our customers get good food, fast!" the listing reads.

Motco Trims Holdings in The Home Depot (NYSE:HD)
The institutional investors in our partner's database reported: 65.55 million shares, up from 62.31 million shares in 2017Q3. Total analysts of 20 have positions in Home Depot (NYSE:HD) as follows: 16 rated it a "Buy", 0 with "Sell" and 4 with "Hold".

Located at 2131 7th Ave.in Seattle, Amazon Go is a roughly 1,800-square-foot store that uses "Just Walk Out Technology", relying on cameras and sensors to track what shoppers remove from shelves and what they put back.

In February, Recode reported that Amazon was in talks with a Los Angeles developer about placing a store there, and that it might also open new locations in Seattle.

Amazon Go's grab-and-go experience allows consumers to quickly pick up all the required items on their grocery list and leave the store without the hassle of checkout lines or counters.


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