Published on 18 Apr 2024 on Zacks via Yahoo Finance

Amazon (AMZN) to Deploy Cashierless Technology at More Stores

Amazon AMZN continues to enjoy solid momentum with its cashierless technology by delivering an enhanced shopping experience to customers, which has been the primary factor behind its solid success in the retail sector. The stock has gained 19.3% on a year-to-date basis.This is evident from its latest plan to deploy the technology this year into more third-party stores, including stadium stores and Hudson News locations at airports.The company’s Just Walk Out technology, which allows customers to shop and leave without going through a checkout line, is currently available at 140 establishments.

Expanding Cashierless Technology

The latest move bodes well for Amazon’s strengthening efforts to bolster the coverage of its cashierless technology.With the underlined technology, the company helps customers save time by avoiding checkout queues and paying for items shopped via their smartphones from anywhere.The company has started deploying the technology at hospital stores as well in order to enable hospital employees and visitors to avail of the same service. It recently rolled out the Just Walk Out technology at St. Joseph’s/Candler Hospital in Savannah, GA.Amazon’s deal with Panera Bread, a United States-based cafe chain, to deploy Amazon One across 10-20 Panera cafes remains noteworthy.The strong network of Amazon Go stores, wherein the underlined technology was first introduced, remains a positive. Reportedly, there are 22 Amazon Go stores in the United States, out of which seven are located in Washington.