Amazon Pulls Plug on Cashierless System in US Grocery Stores

Bloomberg04-03

End of program part of far-reaching revamp of grocery businessJust Walk Out technology debuted in Seattle convenience storeAn Amazon Go store in Seattle on Feb. 24, 2020.Amazon.com Inc. is removing ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Dion N
04-03
Dion N
Duh it's America! Way too much theft for sure. Thus the scrap of this technology. It works perfectly here in Singapore.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2424026148?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-03 11:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2424026148","market":"us","top_or_hot":-1,"title":"Amazon Pulls Plug on Cashierless System in US Grocery Stores","media":"Bloomberg","content":"<div>\n<p>End of program part of far-reaching revamp of grocery businessJust Walk Out technology debuted in Seattle convenience storeAn Amazon Go store in Seattle on Feb. 24, 2020.Amazon.com Inc. is removing ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-02/amazon-pulls-plug-on-cashierless-system-in-us-grocery-stores?srnd=technology-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Pulls Plug on Cashierless System in US Grocery Stores</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Pulls Plug on Cashierless System in US Grocery Stores\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-02/amazon-pulls-plug-on-cashierless-system-in-us-grocery-stores?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>End of program part of far-reaching revamp of grocery businessJust Walk Out technology debuted in Seattle convenience storeAn Amazon Go store in Seattle on Feb. 24, 2020.Amazon.com Inc. is removing ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-02/amazon-pulls-plug-on-cashierless-system-in-us-grocery-stores?srnd=technology-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0004445015.USD","symbol_name":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-04-02/amazon-pulls-plug-on-cashierless-system-in-us-grocery-stores?srnd=technology-vp","article_id":"2424026148","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424026148","pubTimestamp":1712115900,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"End of program part of far-reaching revamp of grocery businessJust Walk Out technology debuted in Seattle convenience storeAn Amazon Go store in Seattle on Feb. 24, 2020.Amazon.com Inc. is removing it","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4524":"宅经济概念","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4559":"巴菲特持仓","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","BK4588":"碎股","BK4579":"人工智能","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4581":"高盛持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","BK4592":"伊斯兰概念","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","AMZN":"亚马逊","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0238689110.USD":"贝莱德环球动力股票基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4585":"ETF&股票定投概念","BK4566":"资本集团","BK4507":"流媒体概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0109392836.USD":"富兰克林科技股A","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC"},"translate_title":"亚马逊拔掉美国杂货店无收银系统的插头","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1},"content_text":"End of program part of far-reaching revamp of grocery businessJust Walk Out technology debuted in Seattle convenience storeAn Amazon Go store in Seattle on Feb. 24, 2020.Amazon.com Inc. is removing its cashierless Just Walk Out system from grocery stores, a retreat from an ambitious technology designed to let shoppers skip the line.Amazon will pull the system as it remodels existing Fresh grocery stores and won’t feature it in new locations that will start opening later this year, an Amazon spokesperson said.Tony Hoggett, Amazon’s senior vice president of grocery stores, joined the company in 2022 and launched a far-reaching revamp of the grocery business, which has struggled to build market share in an industry dominated by the likes of Walmart Inc. and Kroger Co.Amazon plans to rely more heavily on its Dash Cart, which lets shoppers scan items as they go. But the company has dialed back the complexity of the technology.The carts initially used a set of cameras to automatically identify what shoppers had grabbed from the shelf. Newer versions stripped out some cameras, and shoppers are now asked to hold the item in front of a pair of scanners, which can read bar codes among other cues. Shoppers can also use a touchscreen to ring up merchandise, such as produce, that lacks bar codes.The Information reported the scrapping of Just Walk Out technology earlier.The system uses ceiling-mounted cameras and shelf sensors, backed by algorithms, to determine what a shopper took from a store. Customers are charged automatically upon exiting.The company began developing the technology more than a decade ago, part of a push by Jeff Bezos, then chief executive officer, to develop a unique offering to accompany Amazon’s move into physical stores.The technology debuted in 2018 with the opening of a convenience store in the lobby of Amazon’s Seattle headquarters. The company built dozens of Amazon Go branded convenience stores and later installed the cashierless system in Fresh Stores and a pair of Whole Foods Market locations.The technology alienated some shoppers, who were put off by entry gates or the feeling that Amazon had turned a visit to the grocery store into a high-tech vending machine. Receipts, which arrived digitally a few minutes to hours after a shopper checked out, also weren’t practical for big shops.Amazon Go stores will still use Just Walk Out technology, and the company will continue to license it to other retailers. Smaller stores in the UK also will keep using the system.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":291185685811456,"gmtCreate":1712116265387,"gmtModify":1712116270191,"author":{"id":"4095269946437450","authorId":"4095269946437450","name":"Dion N","avatar":"https://community-static.tradeup.com/news/cc22bc90d2dd039bb8d24cba0a4d72c8","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4095269946437450","authorIdStr":"4095269946437450"},"htmlText":"Duh it's America! Way too much theft for sure. Thus the scrap of this technology. It works perfectly here in Singapore.","listText":"Duh it's America! Way too much theft for sure. Thus the scrap of this technology. It works perfectly here in Singapore.","text":"Duh it's America! Way too much theft for sure. Thus the scrap of this technology. It works perfectly here in Singapore.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291185685811456","repostId":2424026148,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424026148"}