We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon to Bring Cashierless 'Go' Stores to Airports Soon
Read MoreHide Full Article
Amazon.com, Inc. (AMZN - Free Report) has no plans to stop anywhere down the line. The shopping season has arrived and the online giant is all geared up with new expansion plans. The company now intends to bring its checkout-free Amazon Gogrocery stores to top U.S. airports, according to reports.
As of now, Amazon is expected to bring its Go Stores to Los Angeles and San Jose International Airports.
This news is in sync with the e-commerce giant’s strategy of aggressive expansion into the retail space. Just a week back, it was reported that Amazon intends to test its cashierless technology to bigger stores.
This dominance of Amazon can be attributed to its vast e-commerce platform, expanding online product portfolio and strengthening fast delivery services.
Stock Performance
Amazon is one of the largest online retailers in the world, with extensive operations in North America. Although its primary product line was of books, it has diversified into a host of other product categories and now wants to establish a global presence.
Shares of Amazon have outperformed its industry on a year-to-date basis. The stock has gained 39.3% compared with the industry’s growth of 1.5% in the said period.
Amazon Go Expansion Continues
Amazon brought the concept of cashierless store in the beginning of this year by setting up the first one in Seattle. Since then, the company has established quite a few Amazon Go stores that stock ready-to-eat food items like salads, sandwiches, wraps, quick eatables, grocery items along with Amazon meal kits.
With the cashierless concept, the company strives to enhance the shopping experience of customers by letting them pay for the items shopped from Amazon Go after reaching home via their smartphones.
The latest plan of the company is likely to further heat up competition with retailers like Walmart, Target and Kroger, which are already reeling under its influence.
Per a report from Statista, revenues in the U.S. food and beverages market are expected to witness a CAGR of 12.5% between 2018 and 2022, and reach $25.98 billion by 2022. Further, revenues in this particular market are projected at $16.2 billion for 2018.
All these endeavors are likely to aid the company in rapidly penetrating the grocery and ready- to-eat food retail space. Furthermore, these efforts will strengthen Amazon’s physical presence, which will help it address the traditional section of the population that still hesitates to shop online.
Long-term earnings growth rate for AMETEK, QuinStreet and Stamps.com is currently pegged at 11.18%, 25% and 15%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Amazon to Bring Cashierless 'Go' Stores to Airports Soon
Amazon.com, Inc. (AMZN - Free Report) has no plans to stop anywhere down the line. The shopping season has arrived and the online giant is all geared up with new expansion plans. The company now intends to bring its checkout-free Amazon Gogrocery stores to top U.S. airports, according to reports.
As of now, Amazon is expected to bring its Go Stores to Los Angeles and San Jose International Airports.
This news is in sync with the e-commerce giant’s strategy of aggressive expansion into the retail space. Just a week back, it was reported that Amazon intends to test its cashierless technology to bigger stores.
This dominance of Amazon can be attributed to its vast e-commerce platform, expanding online product portfolio and strengthening fast delivery services.
Stock Performance
Amazon is one of the largest online retailers in the world, with extensive operations in North America. Although its primary product line was of books, it has diversified into a host of other product categories and now wants to establish a global presence.
Shares of Amazon have outperformed its industry on a year-to-date basis. The stock has gained 39.3% compared with the industry’s growth of 1.5% in the said period.
Amazon Go Expansion Continues
Amazon brought the concept of cashierless store in the beginning of this year by setting up the first one in Seattle. Since then, the company has established quite a few Amazon Go stores that stock ready-to-eat food items like salads, sandwiches, wraps, quick eatables, grocery items along with Amazon meal kits.
With the cashierless concept, the company strives to enhance the shopping experience of customers by letting them pay for the items shopped from Amazon Go after reaching home via their smartphones.
The latest plan of the company is likely to further heat up competition with retailers like Walmart, Target and Kroger, which are already reeling under its influence.
Per a report from Statista, revenues in the U.S. food and beverages market are expected to witness a CAGR of 12.5% between 2018 and 2022, and reach $25.98 billion by 2022. Further, revenues in this particular market are projected at $16.2 billion for 2018.
All these endeavors are likely to aid the company in rapidly penetrating the grocery and ready- to-eat food retail space. Furthermore, these efforts will strengthen Amazon’s physical presence, which will help it address the traditional section of the population that still hesitates to shop online.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. Price and Consensus | Amazon.com, Inc. Quote
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include AMETEK, Inc. (AME - Free Report) , QuinStreet, Inc. (QNST - Free Report) and Stamps.com Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rate for AMETEK, QuinStreet and Stamps.com is currently pegged at 11.18%, 25% and 15%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>