Just Announced: Amazon to Replace "Just Walk Out" Technology in Amazon Fresh Stores. 3 Things Investors Should Know About the Change
In February 2020, tech giant Amazon (NASDAQ: AMZN) tried a bold new idea: It opened up a grocery store without any cashiers. The company's technology allowed shoppers to just walk in and walk out without paying. But sensors and cameras monitored shoppers and billed their Amazon accounts afterwards.
Amazon called its innovation "Just Walk Out" and many thought it could completely disrupt retail shopping forever. However, on April 3 a tech-focused publication, The Information, reported that Amazon is now going in a different direction. Here are three things investors need to know about this news.
When I first heard the news, I immediately assumed that Amazon's Just Walk Out technology must not work. But that's not the case, as I'll explain more in a moment.
Source Fool.com
