Amazon announces 3 new Amazon Go stores
Amazon is continuing to build its physical store estate as it announces three new Amazon Go stores in Seattle and Chicago.
The online retail giants “cashierless” grocery format, which uses sensors and cameras to determine what customers are placing in their baskets before charging their accounts automatically, currently trades from 13 stores across the US.
In September 2018 Amazon chief executive Jeff Bezos announced ambitious plans for its Go format, aiming to expand to 50 major city areas by the end of 2019, and to 3000 stores in the proceeding two years.
Though still a way off reaching its goal of operating in 50 major cities, Amazon’s latest announcement edges it ever closer.
A new 1150sq ft store is now set to open in Seattle, while two stores measuring 1425sq ft and 930sq ft will open in Chicago’s Prudential Plaza and Merchandise Mart respectively.
Should Amazon achieve its lofty ambition of launching 3000 stores over the next two years, Amazon could rake in $4.5 billion in revenues.