Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.
Its chain Amazon Go has brought shopping without checkout lines into the mainstream, and the market for retail without cashiers - one of the most common vocations in the United States - could grow to US$50 billion, U.S. venture firm Loup Ventures has estimated. Items picked up by a customer and any guests who enter with them will be added to the shopper's virtual cart. The store will then bill the credit card once the person or group leaves the store - no bar code scans or checkout lines necessary.
Media reports have said Amazon was in talks to bring its technology to airport stores, for instance, rather than to Walmart Inc or Target Corp . Kumar said Amazon"potentially" could sell the service to big box rivals but would not speculate.