Amazon (AMZN) to Bring Cashierless Technology to MLB Stadium

Amazon AMZN continues to bolster its retail strength on the back of its cashierless technology, Just Walk Out.

This is evident from its latest move of introducing the underlined technology in a Major League Baseball (‘MLB’) stadium at the Minute Maid Park.

The technology will be introduced by the MLB team, Houston Astros, at two food and beverage stands — the 19th Hole and Market stores — in order to deliver cashierless shopping experience to its fans.

The recent move bodes well for Amazon’s deepening focus on revolutionizing the retail industry on the heels of Artificial Intelligence and Machine Learning technologies.

Amazon.com, Inc. Price and Consensus

Amazon.com, Inc. Price and Consensus

Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote

Expanding Cashierless Technology

Amazon is currently enjoying a solid momentum of its Just Walk Out technology across the retail industry by delivering an enhanced shopping experience to customers.

With the cashierless concept, the company helps customers save time by avoiding checkout queues and paying for items shopped via their smartphones from anywhere.

Amazon is on a spree to expand the underlined technology across its retail stores.

Apart from the latest move, the company recently opened its first Just Walk Out technology-backed Whole Foods Store in Washington DC.

The introduction of the technology in the Amazon Fresh grocery store also remains noteworthy.

Amazon’s rapidly expanding Amazon Go stores, wherein the underlined technology was first introduced, remain noteworthy.

Other than Amazon Go, the Just Walk Out technology is currently available in many Amazon Fresh stores in the United States and the UK

The company also sells the technology to third-party retailers.

Bottom Line

We believe that the growing endeavors to expand the cashierless technology will continue to aid Amazon’s retail prospects.

These efforts will help the company bolster its physical presence in the retail industry.

All these, in turn, will continue to strengthen the company’s competitive position against prominent retailers and brick-and-mortar stores.

Zacks Rank & Stock to Consider

Currently, Amazon carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the retail-wholesale sector are The Kroger Co. KR, Target TGT and Costco Wholesale COST. All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Kroger has gained 58.4% on a year-to-date basis. The long-term earnings growth rate for the KR stock is currently projected at 9.88%.

Target has gained 18.3% on a year-to-date basis. The long-term earnings growth rate for the TGT stock is currently projected at 16.52%.

Costco has gained 65.5% on a year-to-date basis. The long-term earnings growth rate for the COST stock is currently projected at 8.89%.

Just Released: Zacks Top 10 Stocks for 2022

In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?

From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.

See Stocks Now >>

Click to get this free report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Target Corporation (TGT): Free Stock Analysis Report

The Kroger Co. (KR): Free Stock Analysis Report

Costco Wholesale Corporation (COST): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Leave a Comment

Your email address will not be published.