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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
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Amazon brings the cashier-less store format to London, its first outside the U.S.

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March 4, 2021, 10:04 AM ET
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Amazon is opening a cashier-less convenience store in the U.K., the first expansion of the company’s automated checkout technology outside the U.S.

The Seattle company said it will debut a 2,500-square foot Amazon Fresh-branded store in London on Thursday. The store, like its U.S. counterparts, will use an array of cameras and other sensors to track shoppers as they pull items off the shelves, and charges a credit card on file after they exit. The stores represent the retail and technology giant’s biggest effort to reshape physical retailing. Amazon is also offering to license the system, which it calls Just Walk Out technology, to other companies.

The shop, in the Ealing area of London, is the company’s first physical store outside the U.S. Amazon has opened 26 cashierless convenience stores under the Amazon Go brand in its home country, and two larger versions called Go Grocery, according to its website. An Amazon spokesperson said there were no plans to change the branding of the U.S. stores. The company also operates a new line of U.S. grocery stores with conventional checkout lines called Amazon Fresh.

As part of the launch, the company also introduced a new private label food brand in the U.K., called “by Amazon,” to be sold in the store.

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