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Amazon to open a new supermarket chain in the States

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Amazon to open a new supermarket chain in the States
November 12
13:00 2019

Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes in natural food. Since last year, the corporation has been developing innovative Amazon Go supermarkets. There are no usual cash desks in the chain stores; the customers choose goods as in any ordinary supermarket, but do not pay in the normal sense. When customers exit through sensors, the store withdraws the value of purchases from the account on Amazon.

It is already known that the stores of the new chain will be equipped with cash desks, but won’t be left without the latest technological solutions. At the moment, the name of the chain is kept secret.

The flagship store will be opened in Los Angeles; now it is possible to apply for the job there.

The development of Amazon as a retailer will allow it to compete more actively with market leaders such as Walmart, Target and Kroger.

The news about the company’s plans has a positive impact on the price growth of the securities.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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