Analysts Say Amazon Go Stores Could Become a $4 Billion Business
Amazon Go may be going places. That’s according to an analysis by RBC Capital Markets, which claims that Amazon’s cashierless stores could top $4 billion by 2021 if reports on its expansion pan out. That’s based on the estimated annual average sales of $1.5 million for the nine stores built so far. Amazon has previously said it wants to open up to 3,000 such stores by 2021. If it does, that could translate into more than $4.5 billion over the next several years.
“Amazon Go stores could be a game changer for physical retail experience. Its in-store technology enables shoppers to have a very efficient and pleasant shopping experience. While not a significant financial contributor yet, we believe the overall opportunity is huge,” RBC analyst Mark Mahaney wrote in the research note, released last week.
Read more at Supermarket News.