Amazon May Open 3,000 Stores in Next Three Years

Bloomberg

If Amazon intends to get that total up to 3,000 by the end of 2021, it needs to be opening 20 new stores a week from the beginning of 2019 onwards. The company opened its first Amazon Go stores earlier this year and its second last month.

The cashierless shops allow customers to load up on snacks and walk out without the hassle of standing in line as the store sends a bill later.While Seattle and Chicago are already living the dream, Amazon is now considering a plan to open upwards of 3,000 cashierless stores over the course of the next few years, according to AdAge. Reports in the previous year about Amazon's plans have rattled incumbent players in a wide range of industries, including groceries, pharmacies and specialty office suppliers.

Amazon Go is going national. An Amazon spokeswoman declined to comment.

Amazon also recently opened the first Amazon Go store outside of Seattle in Chicago.

Since then it has announced two additional sites in Seattle and one in Chicago, Bloomberg said.

7-Eleven operates about 8,000 locations, according to the National Retail Foundation's 2017 tally.

Amazon has become the world's largest online retailer by offering a vast selection and quick, convenient delivery. Walmart, trading higher before Bloomberg's report, fell afterward, ending trading Wednesday down 0.2 percent.

Opening more locations in the same city would also allow Amazon to cut down on costs since they could take advantage of a centralized food production facility.

Amazon, like many secretive technology companies, rarely telegraphs its growth plans.

Such an expansion could put Amazon back into an investment cycle.

'We don't comment on rumors or speculation, ' an Amazon spokesperson told CNBC.

The e-tail giant now has four Amazon Go stores: three in Seattle and one in Chicago, which opened on Monday.

The firm is mostly eyeing urban areas with wealthy young residents who can afford to pay for items that are a little higher priced, but ensure better quality than fast food.

Customers have to scan a smartphone app to enter the store. Once inside, an array of cameras and sensors track shoppers' progress through the store, charging a credit card on file for items the shoppers take off shelves.

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