Amazon (AMZN) to Deploy Cashierless Technology at More Stores

Zacks04-19

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 ...

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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.Currently, Amazon carries a Zacks Rank #3 .Some better-ranked stocks in the retail-wholesale se","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AEO":"美鹰服饰","BK4505":"高瓴资本持仓","BK4561":"索罗斯持仓","BK4581":"高盛持仓","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","BK4504":"桥水持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","JD":"京东","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","09618":"京东集团-SW","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4592":"伊斯兰概念","LU0080751232.USD":"富达环球多元动力基金A","LU0061474960.USD":"天利环球焦点基金AU Acc","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4507":"流媒体概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4585":"ETF&股票定投概念","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4122":"互联网与直销零售","LU0234572021.USD":"高盛美国核心股票组合Acc","AMZN":"亚马逊","BK4566":"资本集团","BK4509":"腾讯概念","BK4524":"宅经济概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4526":"热门中概股","GPS":"盖璞","BK4588":"碎股","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4503":"景林资产持仓","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4551":"寇图资本持仓"},"translate_title":"亚马逊（Amazon）将在更多商店部署无收银技术","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AEO":1,"AMZN":1,"GPS":1,"JD":1,"09618":0.6},"content_text":"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.\nExpanding Cashierless Technology\nThe 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.\n\nAmazon.com, Inc. Price and Consensus\n  \nAmazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote\n\nBottom Line\nWe believe that the growing endeavors to expand the cashierless technology will continue to aid Amazon’s retail prospects and drive its momentum among third-party brick-and-mortar stores.This, in turn, will help the company bolster its physical presence in the retail industry.Moreover, this is expected to bolster Amazon’s presence in the promising self-checkout systems market.Per a report from Fortune Business Insights, the global self-checkout systems market is expected to hit $5.64 billion in 2024 and reach $18.01 billion by 2032 by witnessing a CAGR of 15.6% between 2024 and 2032.According to a report from Grand View Research, the market is likely to see a CAGR of 13.4% between 2023 and 2030. Further, the report suggests that the U.S. market for the same is expected to witness a CAGR of 11.9% in the same time frame.We believe Amazon’s strong prospects in this booming market will aid it in winning investors’ confidence in the near term, as well as to benefit its financial performance.The Zacks Consensus Estimate for 2024 revenues stands at $641.45 billion, indicating year-over-year growth of 11.6%.The consensus mark for 2024 EPS is pegged at $4.08 per share, implying a year-over-year rise of 40.7%.\nZacks Rank & Stock to Consider\nCurrently, Amazon carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the retail-wholesale sector are American Eagle Outfitters AEO, The Gap GPS and JD.com JD. These three companies sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.American Eagle Outfitters shares have gained 6.9% year to date. The long-term earnings growth rate for AEO is projected at 12.53%.The Gap shares have gained 2.8% year to date. GPS’ long-term earnings growth rate is projected at 12%.JD.com shares have lost 10.5% year to date. The long-term earnings growth rate for JD is projected at 43.75%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nAmerican Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report\nThe Gap, Inc. (GPS) : Free Stock Analysis Report\nJD.com, Inc. (JD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2428548319"}