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2021-06-18
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and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/166871485","repostId":"1142916683","repostType":4,"repost":{"id":"1142916683","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624003342,"share":"https://ttm.financial/m/news/1142916683?lang=&edition=fundamental","pubTime":"2021-06-18 16:02","market":"us","language":"en","title":"Orphazyme shares tumbled more than 60% in pre-market trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1142916683","media":"Tiger Newspress","summary":"Orphazyme shares tumbled more than 60% in pre-market trading.\nOrphazyme slashed its financial foreca","content":"<p>Orphazyme shares tumbled more than 60% in pre-market trading.</p>\n<p><img src=\"https://static.tigerbbs.com/b722b82c7d6ab2a6fcc7364eb2517b7f\" tg-width=\"1293\" tg-height=\"628\" referrerpolicy=\"no-referrer\">Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p>\n<p>Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p>\n<p>As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p>\n<p>\"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.</p>\n<p>Orphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.</p>","collect":0,"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>Orphazyme shares tumbled more than 60% in pre-market trading</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\">\nOrphazyme shares tumbled more than 60% in pre-market trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-18 16:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Orphazyme shares tumbled more than 60% in pre-market trading.</p>\n<p><img src=\"https://static.tigerbbs.com/b722b82c7d6ab2a6fcc7364eb2517b7f\" tg-width=\"1293\" tg-height=\"628\" referrerpolicy=\"no-referrer\">Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p>\n<p>Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p>\n<p>As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p>\n<p>\"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.</p>\n<p>Orphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142916683","content_text":"Orphazyme shares tumbled more than 60% in pre-market trading.\nOrphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.\nOrphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.\nAs a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.\n\"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.\nOrphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161270575,"gmtCreate":1623931806397,"gmtModify":1703823787934,"author":{"id":"3586339590762764","authorId":"3586339590762764","name":"ykp1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586339590762764","authorIdStr":"3586339590762764"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161270575","repostId":"2144746649","repostType":4,"repost":{"id":"2144746649","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623930300,"share":"https://ttm.financial/m/news/2144746649?lang=&edition=fundamental","pubTime":"2021-06-17 19:45","market":"us","language":"en","title":"Amazon will open the doors to a grab-and-go, checkout-less grocery store on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=2144746649","media":"Dow Jones","summary":"Amazon Fresh grocery store with 'Just Walk Out' technology will also offer customers the option for ","content":"<p>Amazon Fresh grocery store with 'Just Walk Out' technology will also offer customers the option for a traditional grocery transaction</p>\n<p>Amazon Fresh is opening a grocery store in Bellevue, Wash. on Thursday, June 17 that will offer customers the chance to grab and go without standing on line at a checkout lane.</p>\n<p>The launch is the latest in a grocery technology war that is making a trip to the store for milk, bread and eggs a digitally-advanced experience.</p>\n<p>The newest Amazon Fresh grocery store will feature the company's \"Just Walk Out\" technology that allows shoppers to place things in their cart and leave the store without a stop at the cash register to pay the bill.</p>\n<p>Instead, shoppers can wave their palm, scan a QR code in the Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> app or use a credit or debit card upon entry. Customers repeat the mode of payment on their way out the door and receive a digital receipt on their Amazon account.</p>\n<p>Along the way, shoppers can move about the store as they normally would at any grocer. Amazon's technology, which combines sensors, \"deep learning\" and \"computer vision,\" can keep track of items added to or removed from a cart.</p>\n<p>Shoppers who want the traditional grocery store experience can opt for that, and pay using a card, cash, SNAP EBT or a code from the Amazon app.</p>\n<p>\"Bringing Just Walk Out technology to a full-size grocery space with the Amazon Fresh store in Bellevue showcases the technology's continued ability to scale and adapt to new environments and selection,\" said Dilip Kumar, vice president of physical retail and technology at Amazon, in a statement.</p>\n<p>Amazon has been opening Go stores nationwide over recent years.</p>\n<p>The new Bellevue Amazon Fresh store will be stocked with fruit, meat, prepared foods and all the other items <a href=\"https://laohu8.com/S/AONE\">one</a> would find in a traditional grocery store.</p>\n<p>The first Amazon Fresh store opened in August 2020 and now there are more than a dozen across California, Illinois, and Virginia.</p>\n<p>Retailers in the grocery space are increasingly using technology to enhance customer service options and get a leg up on the competition.</p>\n<p>Kroger Co. <a href=\"https://laohu8.com/S/KR\">$(KR)$</a> and its partner Ocado Group <a href=\"https://laohu8.com/S/PLC\">PLC</a> opened a high-tech fulfillment center in April that has more than 1,000 bots working alongside human staff.</p>\n<p>And Walmart Inc. <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> will be piloting self-checkouts in stores this summer, including <a href=\"https://laohu8.com/S/AONE.U\">one</a> in Terrace, British Columbia.</p>\n<p>\"One of the new initiatives we will be testing later this summer in a handful of stores -- including in Terrace -- is offering 100% self-checkout by removing the traditional 'belted' checkout lanes,\" Walmart said in a statement sent to MarketWatch.</p>\n<p>\"Our customers have embraced self-checkouts as they've rolled out across the country over the past few years. We've also been enhancing the self-checkout lanes by having larger kiosk areas so customers have more space to organize and lay out their purchases.\"</p>\n<p>Walmart began experimenting with this technology in the U.S. last summer.</p>\n<p>\"Over the years we've heard concerns that self-checkouts will impact jobs but that's simply not the case,\" the Walmart statement said.</p>\n<p>\"The self-checkout area will be staffed by dedicated associates to help our customers and there will be no job loss as a result of this change. In fact, our Terrace store is hiring for more than 40 jobs including roles in omnichannel, as we're launching online grocery at this store in the coming months.\"</p>\n<p>UBS analysts estimated in a May report that Amazon accounted for just 2.8% of U.S. grocery industry sales in 2020 but forecasts its share could rise to 5.7% by 2025.</p>\n<p>\"Now, between the sharp rise in online grocery penetration, Amazon's learnings from Whole Foods Market, and the opening of its initial 12 Fresh, conventional grocery locations, we think its share is set to sharply increase,\" analysts wrote.</p>\n<p>\"Given the valuable data it has on Prime members, it can use this to best determine where it locates stores and how to stock them with inventory. If Amazon can roll out 200 locations per year and achieve sales productivity in line with Kroger, it would add $5 billion in annual sales.\"</p>\n<p>UBS rates Amazon stock buy with a $4,350 price target.</p>\n<p>Amazon stock has gained nearly 5% for the year to date. Kroger is up 18.2%. And Walmart is down 4.9%.</p>\n<p>The Dow Jones Industrial Average has rallied 11.2% for the period.</p>","collect":0,"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 will open the doors to a grab-and-go, checkout-less grocery store on Thursday</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 will open the doors to a grab-and-go, checkout-less grocery store on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-17 19:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Amazon Fresh grocery store with 'Just Walk Out' technology will also offer customers the option for a traditional grocery transaction</p>\n<p>Amazon Fresh is opening a grocery store in Bellevue, Wash. on Thursday, June 17 that will offer customers the chance to grab and go without standing on line at a checkout lane.</p>\n<p>The launch is the latest in a grocery technology war that is making a trip to the store for milk, bread and eggs a digitally-advanced experience.</p>\n<p>The newest Amazon Fresh grocery store will feature the company's \"Just Walk Out\" technology that allows shoppers to place things in their cart and leave the store without a stop at the cash register to pay the bill.</p>\n<p>Instead, shoppers can wave their palm, scan a QR code in the Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> app or use a credit or debit card upon entry. Customers repeat the mode of payment on their way out the door and receive a digital receipt on their Amazon account.</p>\n<p>Along the way, shoppers can move about the store as they normally would at any grocer. Amazon's technology, which combines sensors, \"deep learning\" and \"computer vision,\" can keep track of items added to or removed from a cart.</p>\n<p>Shoppers who want the traditional grocery store experience can opt for that, and pay using a card, cash, SNAP EBT or a code from the Amazon app.</p>\n<p>\"Bringing Just Walk Out technology to a full-size grocery space with the Amazon Fresh store in Bellevue showcases the technology's continued ability to scale and adapt to new environments and selection,\" said Dilip Kumar, vice president of physical retail and technology at Amazon, in a statement.</p>\n<p>Amazon has been opening Go stores nationwide over recent years.</p>\n<p>The new Bellevue Amazon Fresh store will be stocked with fruit, meat, prepared foods and all the other items <a href=\"https://laohu8.com/S/AONE\">one</a> would find in a traditional grocery store.</p>\n<p>The first Amazon Fresh store opened in August 2020 and now there are more than a dozen across California, Illinois, and Virginia.</p>\n<p>Retailers in the grocery space are increasingly using technology to enhance customer service options and get a leg up on the competition.</p>\n<p>Kroger Co. <a href=\"https://laohu8.com/S/KR\">$(KR)$</a> and its partner Ocado Group <a href=\"https://laohu8.com/S/PLC\">PLC</a> opened a high-tech fulfillment center in April that has more than 1,000 bots working alongside human staff.</p>\n<p>And Walmart Inc. <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> will be piloting self-checkouts in stores this summer, including <a href=\"https://laohu8.com/S/AONE.U\">one</a> in Terrace, British Columbia.</p>\n<p>\"One of the new initiatives we will be testing later this summer in a handful of stores -- including in Terrace -- is offering 100% self-checkout by removing the traditional 'belted' checkout lanes,\" Walmart said in a statement sent to MarketWatch.</p>\n<p>\"Our customers have embraced self-checkouts as they've rolled out across the country over the past few years. We've also been enhancing the self-checkout lanes by having larger kiosk areas so customers have more space to organize and lay out their purchases.\"</p>\n<p>Walmart began experimenting with this technology in the U.S. last summer.</p>\n<p>\"Over the years we've heard concerns that self-checkouts will impact jobs but that's simply not the case,\" the Walmart statement said.</p>\n<p>\"The self-checkout area will be staffed by dedicated associates to help our customers and there will be no job loss as a result of this change. In fact, our Terrace store is hiring for more than 40 jobs including roles in omnichannel, as we're launching online grocery at this store in the coming months.\"</p>\n<p>UBS analysts estimated in a May report that Amazon accounted for just 2.8% of U.S. grocery industry sales in 2020 but forecasts its share could rise to 5.7% by 2025.</p>\n<p>\"Now, between the sharp rise in online grocery penetration, Amazon's learnings from Whole Foods Market, and the opening of its initial 12 Fresh, conventional grocery locations, we think its share is set to sharply increase,\" analysts wrote.</p>\n<p>\"Given the valuable data it has on Prime members, it can use this to best determine where it locates stores and how to stock them with inventory. If Amazon can roll out 200 locations per year and achieve sales productivity in line with Kroger, it would add $5 billion in annual sales.\"</p>\n<p>UBS rates Amazon stock buy with a $4,350 price target.</p>\n<p>Amazon stock has gained nearly 5% for the year to date. Kroger is up 18.2%. And Walmart is down 4.9%.</p>\n<p>The Dow Jones Industrial Average has rallied 11.2% for the period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09086":"华夏纳指-U","03086":"华夏纳指","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144746649","content_text":"Amazon Fresh grocery store with 'Just Walk Out' technology will also offer customers the option for a traditional grocery transaction\nAmazon Fresh is opening a grocery store in Bellevue, Wash. on Thursday, June 17 that will offer customers the chance to grab and go without standing on line at a checkout lane.\nThe launch is the latest in a grocery technology war that is making a trip to the store for milk, bread and eggs a digitally-advanced experience.\nThe newest Amazon Fresh grocery store will feature the company's \"Just Walk Out\" technology that allows shoppers to place things in their cart and leave the store without a stop at the cash register to pay the bill.\nInstead, shoppers can wave their palm, scan a QR code in the Amazon $(AMZN)$ app or use a credit or debit card upon entry. Customers repeat the mode of payment on their way out the door and receive a digital receipt on their Amazon account.\nAlong the way, shoppers can move about the store as they normally would at any grocer. Amazon's technology, which combines sensors, \"deep learning\" and \"computer vision,\" can keep track of items added to or removed from a cart.\nShoppers who want the traditional grocery store experience can opt for that, and pay using a card, cash, SNAP EBT or a code from the Amazon app.\n\"Bringing Just Walk Out technology to a full-size grocery space with the Amazon Fresh store in Bellevue showcases the technology's continued ability to scale and adapt to new environments and selection,\" said Dilip Kumar, vice president of physical retail and technology at Amazon, in a statement.\nAmazon has been opening Go stores nationwide over recent years.\nThe new Bellevue Amazon Fresh store will be stocked with fruit, meat, prepared foods and all the other items one would find in a traditional grocery store.\nThe first Amazon Fresh store opened in August 2020 and now there are more than a dozen across California, Illinois, and Virginia.\nRetailers in the grocery space are increasingly using technology to enhance customer service options and get a leg up on the competition.\nKroger Co. $(KR)$ and its partner Ocado Group PLC opened a high-tech fulfillment center in April that has more than 1,000 bots working alongside human staff.\nAnd Walmart Inc. $(WMT)$ will be piloting self-checkouts in stores this summer, including one in Terrace, British Columbia.\n\"One of the new initiatives we will be testing later this summer in a handful of stores -- including in Terrace -- is offering 100% self-checkout by removing the traditional 'belted' checkout lanes,\" Walmart said in a statement sent to MarketWatch.\n\"Our customers have embraced self-checkouts as they've rolled out across the country over the past few years. We've also been enhancing the self-checkout lanes by having larger kiosk areas so customers have more space to organize and lay out their purchases.\"\nWalmart began experimenting with this technology in the U.S. last summer.\n\"Over the years we've heard concerns that self-checkouts will impact jobs but that's simply not the case,\" the Walmart statement said.\n\"The self-checkout area will be staffed by dedicated associates to help our customers and there will be no job loss as a result of this change. In fact, our Terrace store is hiring for more than 40 jobs including roles in omnichannel, as we're launching online grocery at this store in the coming months.\"\nUBS analysts estimated in a May report that Amazon accounted for just 2.8% of U.S. grocery industry sales in 2020 but forecasts its share could rise to 5.7% by 2025.\n\"Now, between the sharp rise in online grocery penetration, Amazon's learnings from Whole Foods Market, and the opening of its initial 12 Fresh, conventional grocery locations, we think its share is set to sharply increase,\" analysts wrote.\n\"Given the valuable data it has on Prime members, it can use this to best determine where it locates stores and how to stock them with inventory. If Amazon can roll out 200 locations per year and achieve sales productivity in line with Kroger, it would add $5 billion in annual sales.\"\nUBS rates Amazon stock buy with a $4,350 price target.\nAmazon stock has gained nearly 5% for the year to date. Kroger is up 18.2%. And Walmart is down 4.9%.\nThe Dow Jones Industrial Average has rallied 11.2% for the period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
