Amazon's Reported Plans to Greatly Expand Its Cashier-Free Stores: 5 Takeaways [TheStreet.com]
Morgan Stanley (MS)
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Source: TheStreet.com
Amazon.com ( AMZN ) clearly likes what it's seeing from its first cashier-free stores. On Wednesday afternoon, Bloomberg reported that Jeff Bezos's company is thinking about having around 10 Amazon Go convenience stores in operation by year's end, and 50 in 2019. Notably, the news service adds adds that Amazon is mulling plans to have as many as 3,000 Go stores by 2021. Go stores use cameras, sensors and algorithms to let users who gain access to the store with a mobile app buy items without standing in a checkout line (they're instantly billed upon leaving the store). Bloomberg's report arrives just eight months after the first Go store opened near Amazon's Seattle headquarters. Since then, the company has launched two more Seattle Go stores, along with a Chicago location. It also has plans to launch Go stores in New York City and San Francisco. Amazon is a holding in Jim Cramer's Action Alerts PLUS member club . Want to be alerted before Jim Cramer b
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