Amazon likely to open 3,000 cashierless stores by 2021: Bloomberg

The move is likely to impact the revenues of brick-and-mortar supermarket stores.

Bloomberg has reported citing 3 sources familiar with the matter at hand as saying, Inc is mulling a plan to open as many as three thousand Amazon Go cashierless stores in the country in the coming years.

With the news reaching the market, shares of Amazon’s peers, such as Target Corp, and Kroger Co fell by 1% and 2% respectively. Amazon’s shares were down by 1%.

Currently, Amazon operates 3 cashierless stores in Seattle, and plans expansions in New York, Chicago, and San Francisco.

Amazon’s cashierless stores allow shoppers to buy items in the store with the help of a smartphone app. The concept has immense significance since it can material impact the revenues of brick-and-mortar retailers.

Shoppers have to scan a smartphone app to enter the store. Once inside, cameras and sensors track shoppers pick up and put back from shelves. On leaving the store, Amazon bills the shoppers’ credit cards.

Amazon did not immediately respond to a request for comment.

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