Amazon Sets To Take On 7-Eleven With 3000 Cashier-less Stores

  • Sep 20, 2018 AEST
  • Team Kalkine
Amazon Sets To Take On 7-Eleven With 3000 Cashier-less Stores

Amazon is planning to open 3,000 cashier-less Amazon Go Stores by 2021. The company already had opened Go stores in four locations, but it will have open 6 more at additional locations by the end of the year and as many as 50 to be opened by 2019. This will give competition to existing convenience chains like 7-Eleven to quick-service food stores like Subway and even entrepreneur-owned restaurants and taco trucks.

Amazon already has nearly 500 new Whole Foods locations which the company can use as test platforms for new point-of-sale experiments, as well as one functioning Amazon Go store already operating near its HQ in Seattle. Further, the company has announced plans for upcoming sites in an additional store in Seattle and new ones in Chicago, New York and San Francisco. This is the latest example of Amazon's rapidly growing businesses, the latest being its advertising unit, which is expected to be ranked third in the US digital ad market.

The major hurdle is the cost of setting up shop. The first Amazon Go in downtown Seattle has incurred cost in millions to build, stock and put into operation, and company has yet to nail down the final concept. Therefore the question is whether to open up a convenience store that sells fresh foods and a limited grocery selection, like a gas station or convenience store etc. Moreover, the expansion could lead to Amazon back into an investment cycle, raising funds to bet money on the long-term success of this concept. 

On the other hand, there is news that European Union (EU) is keeping a check on Amazon with regards to collection of information relating to sales that is made by competitors on Amazon Marketplace. Further, EU is trying to understand how Amazon is trying to maintain an edge with regards to selling products to customers.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK