When the tech giant Amazon rolled out its Amazon Go stores, the company was on the verge of changing traditional retail as it did with the E-commerce space.
These stores allow customers to pick up items and they don't have to go to a cashier, instead, they are charged automatically for the items they leave with.
However, the first Amazon Go stores in Seattle, Chicago, and San Francisco were delayed in 2017 because the company struggled with having more than 20 people inside.
According to a recent report from the "Wall Street Journal," the store's technology has trouble in "bigger spaces with higher ceilings and more products.”
But that isn't stopping Amazon from developing larger spaces with more products and the company has started testing in “a larger space formatted like a big store," as "WSJ" reports.
Watch the recent episode of The Barron Report above to learn more about the Amazon Go stores and how these cashier-less stores are changing the retail space forever.
The company has said that it isn't going to use this technology at Whole Foods, the organic grocery chain it acquired in June 2017.
But could that have changed after the success of Amazon Go stores?
Read more about Amazon potentially expanding the size of its Amazon Go stores at “The Verge” now.
Nonetheless, Amazon has aggressive plans to roll out up to 3,000 of cashier-less stores by 2021.
But these stores aren't just a threat to grocery stores and convenience stores. Many of the cashier-less Amazon Go stores offer grab-and-go food options and these stores have become the most popular during the workweek, especially at lunchtime. This means these stores are taking away the restaurant business.
Walmart is also testing a cashier-less concept at Sam's Club stores where shoppers will use an app to scan items as they shop.