No Checkout Needed: Amazon Opens Cashier-less Grocery Store

Associated Press – Re-Blogged From Headline Wealth

Amazon is aiming to kill the supermarket checkout line.

The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the $800 billion grocery industry.

At the new store, opening Tuesday in Seattle, shoppers can grab milk or eggs and walk out without checking out or opening their wallets. Shoppers scan a smartphone app to enter the store. Cameras and sensors track what’s taken off shelves. Items are charged to an Amazon account after leaving.

Called Amazon Go Grocery, the new store is an expansion of its 2-year-old chain of Amazon Go convenience stores. At 10,400 square feet, the supermarket is more than five times the size of the smaller stores, and stocks more items beyond the sodas and sandwiches found at Amazon Go. The new market stocks fresh baked bread, blood oranges, butternut squash and other food to whip up dinner or stock the fridge.

Continue reading

‘Creative Destruction’ in 2018

By Ed Yardeni – Re-Blogged From Newsmax

The Great Disruption. The end of one year and start of the next is the perfect time to reflect and resolve to change for the better.

At the start of this year, the most popular resolutions involved the typical fare: the desire to get healthy, get organized, live life to the fullest, learn a new hobby, spend less or save more, travel and read more.

Philosophers like to wax poetic about change. Nuggets of wisdom include: “The only thing that is constant is change.” There’s also: “The more things change the more they stay the same.” And for the deep thinkers in the crowd: “No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” Thank you, Heraclitus.

Continue reading

Amazon’s Whole Foods Conquest Is a ‘Game Changer’

By Mark Lennihan – Re-Blogged From Newsmax

CNBC’s Jim Cramer says Amazon.com Inc.’s purchase of Whole Foods is a “game changer” for the food industry.

Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer’s largest deal and biggest foray into the brick-and-mortar retail sector, Reuters reported.

“This is such a game changer. … They will now dominate food within the next two years,” the “Mad Money” host said on CNBC’s “Squawk on the Street.”

“I’m taking down numbers for everybody who sells food. Everybody. Because you can’t compete [with] Amazon. They will not let you compete,” Cramer said, noting Amazon can now “change the whole paradigm.”  Continue reading