Amazon recently announced a new shopping experience that isn'tburdened with checkout lines. Shoppers download the Amazon Go app,scan their phone at the door and grab each item they want. Whenthey're ready to leave, they simply walk out of the store, view adigital receipt, and carry on with their day.

Amazon Go will initially launch in a single Seattle location,but knowing Jeff Bezos' vision to create “an everything store,” theretail giant is certain to expand well beyond that location.

The implications for grocery chains are obvious. They'll need toreplicate the Amazon Go experience just to keep up. After all, onceshoppers get used to skipping checkout lines, they won't go back.The experience of buying groceries is set to change forever.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.