Amazon reportedly planning 3,000 cashier-less Go stores by 2021
- Amazon plans to open as many as 3,000 of its cashier-less Amazon Go convenience stores by the year 2021, according to a report from Bloomberg today.
- According to the report, CEO Jeff Bezos imagines the Go stores taking on a number of different configurations, including stores for freshly made packaged meals and ones designed more like 7-Eleven with limited grocery selections and pre-made food options.
- According to Bloomberg, if Amazon narrows the focus of some Go stores in its expansion to packaged meals for on-the-go consumers, it could increase the profit margins of each new location and help Amazon open locations faster, as packaged goods are easier to track with fewer sensors and cameras.
- Stocks for big-box retailers like Walmart and Target began sliding following the news, as it’s now clear Amazon could, in a few short years, begin seriously eating into the traditional grocery, restaurant, and household good markets.
Amazon reportedly considering 3,000 cashierless stores by 2021
- Amazon is considering an expansion plan for its Go cashierless stores that would open 3,000 locations by 2021, a person familiar with the matter told Bloomberg.
- Amazon is reportedly considering whether to open stores that sell fresh, pre-made food alongside a limited grocery selection, or stores more in line with convenience stores designed to serve people in search of a quick snack or meal.
- That’s probably why there’s a host of businesses interested in developing their own platforms for retailers interesting in opening their own cashierless stores.
- As Amazon expanded operations in Seattle and Chicago in recent weeks, startups Zippin and Standard Cognition opened similar cashierless operations in San Francisco to test and demonstrate their platforms.
- In June, news emerged that Microsoft is also working on its own cashierless store solution, six people familiar with the matter told Reuters.
Red Hat falls after revenue disappoints
- Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31.
- Analysts polled by FactSet had expected $724.1 million in subscription revenue.
- With respect to guidance for the fiscal third quarter, Red Hat is forecasting 87 cents per share, excluding certain items, on around $848 million to $856 million in revenue.
- Analysts polled by Thomson Reuters had expected guidance of 92 cents per share, excluding certain items, on $862.7 million in revenue for that period.
- As for the full 2019 fiscal year, Red Hat said it lowered revenue estimates by $15 million specifically because of foreign-exchange rates.
- Analysts were expecting full-year results of $3.47 in earnings per share, excluding certain items, on $3.40 billion in revenue, according to Thomson Reuters.
Amazon is reportedly planning up to 3,000 cashierless stores by 2021
- Amazon is reportedly considering opening 3,000 of its cashierless stores by 2021, Bloomberg said on Wednesday, based on conversations with people familiar with the matter.
- The e-commerce giant's push into retail would threaten the likes of convenience stores and fast-food chains across the U.S. selling items for customers in a pinch for time.
- The existing Amazon Go stores primarily sell grab-and-go food items like prepared sandwiches, salads, yogurt and granola bars.
- The company is reportedly planning to have about 10 Amazon Go locations open by the end of this year, people familiar with Amazon's plans told Bloomberg.
- And those people, who requested anonymity discussing internal conversations, said Amazon aims to have 50 shops in "major metro areas" like San Francisco and New York by 2019.
- The first Amazon Go location in downtown Seattle required more than $1 million in hardware, a person familiar with those expenses told Bloomberg.
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We went shopping at Dollar General and Five Below to see which rapidly growing discount store offered a better experience, and the winner was clear
- From 2010 to 2015, dollar-store sales grew from $30.4 billion to $45.3 billion in the United States.
- Dollar General, Dollar Tree, and Family Dollar have all announced plans to open hundreds of stores this year.
- In 2017, Dollar General opened new locations at a rate of around four stores a day, and in 2018 it plans to open 900 more stores at a rate of about three stores a day.
- In the second quarter of 2018, Dollar General reported same-store sales were up 3.7%.
- While not a traditional dollar store in that its products are priced up to $5, Five Below announced its own plans to grow earlier this year.
- It has opened 67 new stores so far in 2018 and plans to open another 50 this quarter in addition to the 625 stores it already operates, CEO Joel Anderson said in an earnings call earlier this month.
An open governance model for the AMP Project
- The change we are proposing is based on months of research, through which we’ve decided to follow the lead of the Node.js project and move to a consensus-seeking governance model.
- Meanwhile we’re excited to announce that we’ve talked to a few folks up front and they agreed to join the Advisory Committee including representatives from publishers (El País, Washington Post and Terra), e-commerce sites (AliExpress and eBay) and platforms (Cloudflare and Automattic) as well as advocates for an open web (Léonie Watson of The Paciello Group, Nicole Sullivan of Google/Chrome, and Terence Eden).
- We’re looking forward to working with the rest of the AMP community to refine the governance proposal, including at next week’s AMP Contributor Summit.
- We’re excited to see the AMP community take this next step, and hope you will join us in making the web a better place for users and developers alike.
Nordea is rolling out its Open Banking platform in Sweden
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- This move will allow third-party developers to build applications for its Finnish and Swedish customers by making use of PSD2, the EU regulation introduced in January 2018 that requires banks to open up their data to third parties at customers' request.
- Since the bank introduced the initiative in Finland, 2,500 developers have registered to test its application programming interface (API), indicating third parties are highly interested in tapping into Nordea's data and building services for its customers.
- Opening its API to third parties is likely to pay dividends, as it will enable Nordea's customers to access more tailored services, without the bank having to shell out the development costs.
- We are likely to see open banking initiatives become more widespread in the future.
Why the Kavanaugh allegations come at the worst possible time for Republicans
- Until Sunday, when Ford, a college professor in California, went public with her identity in an interview in The Washington Post, the White House and congressional Republicans seemed convinced the then-anonymous allegations were simply a final bump on the road to Kavanaugh's confirmation.
- Bob Corker (R-Tenn.) and Jeff Flake (R-Ariz.), both of whom are retiring and neither of whom is a big fan of President Donald Trump, insisted that no vote on Kavanaugh's confirmation could happen unless and until the Senate Judiciary Committee got a chance to hear from Ford directly.
- And if Kavanaugh's confirmation is either postponed or scrapped entirely, it raises the very real prospect that the Supreme Court stays open through the election, opening up the possibility that Democrats retake the Senate in 50 days' time and force Trump to nominate someone more to their liking.
The home of the Bloomsbury Group is once again a place for new artists
- Gatherings of a dozen people would regularly crowd around the dinner table at Charleston: it became the home away from home for the Bloomsbury Group, a collection of artists, writers and academics who lived in unfashionable Georgian squares in London’s West End and who went on to radically challenge and change modern British art and literature.
- The house, which has been open to the public and run by a private trust since the 1980s, still feels as if Bell and Grant had just left to get something from the room next door.
- The exhibition brings together the paintings from Sackville-West’s family home, which Woolf used in her book to illustrate the fictional characters, and modern reinterpretations of Woolf’s work.
- The most arresting modern pieces are by Zanele Muholi, an artist from South Africa who documents the gay, lesbian and trans community there (and who also has a dedicated exhibition of black-and-white portraits next door).