With Chinese entrepreneurs increasingly setting their sights abroad in emerging fields such as AI, the kind of pressure TikTok’s rise put on Facebook may soon be felt across the tech spectrum.
Last month, Starbucks expanded its trial of Amazon’s biometric payment system, Amazon One, to the Seattle metro market. The system, which allows customers to…
But Amazon’s broader property strategy for its store rollout could work against the rollout.
“Amazon’s main focus is location – primarily in public transport hubs,” says Kris Hamer, VP Research at Retail Insight. “But more people in the UK are working from home during lockdown and there is a lot of uncertainty around whether this will be a more permanent shift post-pandemic.
“With the anticipated increasing tax burden on businesses and prolonged economic recovery, companies will be looking to shed costs,” he adds. “Under-utilised office space will be high on the target list. This could impact Amazon’s strategy.”
Dive Brief:
Amazon Go stores are a fraction of the size of a Walmart Supercenter or Kroger, but 59% of U.S. shoppers see them as a threat to major grocers, according to new survey findings from research platform Piplsay. The nationwide survey, which was conducted between Feb. 19 to Feb. 21, garnered more than 30,000 responses.
While only 28% of respondents said they had gone to an Amazon Go, most of them said their visit was a positive experience, with 54% saying it was excellent and 35% calling it good.
Based on consumer responses, Amazon Go-like cashierless convenience stores are likely to meet strong shopper demand. More than half of those surveyed (57%) said they would like to see an Amazon Go or similar tech-enabled store near them and 54% believe those types of stores will succeed even as grocery e-commerce continues to grow.