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Saturday, January 5, 2019

Huge Potential for Amazon Go, More Revenue Than Normal Grocery Store


Amazon Go is going to taking over retail market, Now it seems closely real, RBC Capital sees huge potental for Amazon's (AMZN +4.1%) convenience store roll-out. and it is more higher prospects and value
New system, that deliver the cashierless Amazon Go store base is forecast by RBC to bring in 50% more revenue on average than a normal c-store at $1.5M per year. If Amazon follows through on a plan to open 3K stores by 2021, the RBC estimate suggests annual revenue of as much as $4.5B for the company from the concept.
Meanwhile there is a bad impact to others retial companies, The list of companies that could be impacted by Amazon Go depending on what the stores offer varies wildly, but a case can be made that Circle K (OTCPK:ANCUF, OTCPK:ANCTF), Walgreens (NASDAQ:WBA), Grubhub (NYSE:GRUB), 7-Eleven (OTCPK:SVNDY), McDonald's (NYSE:MCD), Chipotle (NYSE:CMG), Subway, Dunkin' Donuts (NASDAQ:DNKN) and even Starbucks (NASDAQ:SBUX) will be watching developments closely and should be taking more action to defend the Amazon Go take over

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