Amazon Supermarkets?
Amazon.com Inc just announced it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters.
The name of the store, Amazon Go, will be 1,800-square-feet and get this: use sensors that detect what shoppers buy and automatically bills it to their Amazon account.
Will this work? The fact is checkout lines are the biggest pains in the rear of the food shopping experience. Will that be enough to attract enough people to grow this business? We are not so sure but if there is any company that has changed the playing field of shopping, it is Amazon. We are not so sure the big supermarket chains are shaking in their boots just yet but no doubt they will be watching. They must know how much labor costs would come down under this scenario.
Some 15 years ago, or so…., I listened to a talk radio show, the caller claimed to have been in a grocery line where a guy paid his bill, by waving his hand above the grocery scanner.
All listeners doubted; as did I…..
Butt, ……I remembered…..
Some years ago, TV ran a commercial of a crooked looking guy, shoplifting in a supermarket, Stuffing all he could into his coat pockets. As the crook departed the store, the soul employee ( a -rent- a- cop ) simply smiled….
The implication was, the crook was not stealing,, …..anything,……. because his Wi-fi signal simply paid for the groceries as he walked past the scanner.
Years ago, we all doubted, but,,
now, here we are here.
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The markets:
The dollar is falling, the market is rallying, ( The indexes I watch, ) are re test the top.
The dollar is extended down side now, so if the dollar rallies, the market should fall; = the market pulls back, but holds this range at the top.
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Yoda will trade,,, but only uup , …………. ( the dollar index ).