Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM (AMZN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Exclusive - Microsoft takes aim at Amazon with push for checkout-free retail

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2018 | 07:16am CEST
FILE PHOTO:    A shopper is seen using his phone in the line-free, Amazon Go store in Seattle

SAN FRANCISCO (Reuters) - Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc's automated grocery shop, six people familiar with the matter told Reuters.

The Redmond, Wash.-based software giant is developing systems that track what shoppers add to their carts, the people say. Microsoft has shown sample technology to retailers from around the world and has had talks with Walmart Inc about a potential collaboration, three of the people said.

Microsoft's technology aims to help retailers keep pace with Amazon Go, a highly automated store that opened to the public in Seattle in January. Amazon customers scan their smartphones at a turnstile to enter. Cameras and sensors identify what they remove from the shelves. When customers are finished shopping, they simply leave the store and Amazon bills their credit cards on file.

Amazon Go, which will soon open in Chicago and San Francisco, has sent rivals scrambling to prepare for yet another disruption by the world's biggest online retailer. Some have tested programs where customers scan and bag each item as they shop, with mixed results.

For Microsoft, becoming a strategic ally to retailers has meant big business. In addition to developing retail technologies, it ranks No. 2 behind Amazon in selling cloud services that are key to running e-commerce sites, for instance.

It is not clear how soon Microsoft would bring an automated checkout service to market, if at all, or whether its technology would be the answer retailers are looking for. But some see the technology as the next big innovation in shopping, one that Amazon's competitors cannot afford to ignore.

"This is the future of checking out for convenience and grocery stores," said Gene Munster, head of research at Loup Ventures in Minneapolis. The venture capital firm estimates the U.S. market for automated checkout is worth $50 billion (37.36 billion pounds). Cashier is one of the most commonly held jobs in the United States.

Microsoft said it "does not comment on rumours or speculation." Walmart and Amazon declined to comment.

EXPENSIVE EQUIPMENT

Microsoft's effort to date has largely fallen under its Business AI, or artificial intelligence, team, one person said. A group consisting of 10 to 15 people has worked on a host of retail store technologies, and they have presented some of their efforts in front of CEO Satya Nadella, the person said.

In a meeting with the team several months ago, Nadella recommended an "intelligent edge" device that could manage connected gadgets such as cameras on site with minimum data transfers to the cloud, which would cut down on costs, said the person.

Making its technology cheap enough so it does not eviscerate grocers' already thin profit margins is a major challenge for Microsoft, another person said.

Microsoft already showcases the basics for automated checkout at its Retail Experience Center in Redmond.

It has half a dozen partners, including Redmond-based AVA Retail, that are building their own checkout-free or related services atop Microsoft's cloud, some of the people said. Sales of partners' services result in cloud revenue for Microsoft, along with insight into the market for new retail technologies.

Meanwhile, Microsoft's internal team, including a computer vision specialist hired from Amazon Go, has worked on attaching cameras to shopping carts to track customers' items. And it has studied novel ways for smartphones to play a role in the shopping experience, people said.

Still, the industry is playing catch-up to Amazon.

The company spent four years building Amazon Go in secret, before launching an employee-only pilot on its Seattle campus in 2016. It collected data for nearly 14 months more before opening the doors to its first Seattle store. Amazon has said it has no plans to introduce checkout-free technology to its Whole Foods Market grocery chain, which it acquired last year.

The company is still hard at work improving the service. Amazon Vice President Dilip Kumar told Reuters in an interview earlier this year that the company is training computers to identify items or activities with as little information as possible.

"It's a really hard problem," said Scott Jacobson, managing director of Madrona Venture Group, adding it's "one that Amazon is uniquely positioned to solve."

(Reporting By Jeffrey Dastin and Stephen Nellis in San Francisco; Additional reporting by Salvador Rodriguez and Nandita Bose; Editing by Greg Mitchell and Marla Dickerson)

By Jeffrey Dastin and Stephen Nellis

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION -0.63% 101.265 Delayed Quote.17.91%
WAL-MART STORES 0.79% 84.28 Delayed Quote.-15.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM
07:06pKROGER : Shares Jump on Strong Sales Report--3rd Update
DJ
06:30pUS Supreme Court Rules States Can Require Online Merchants to Collect Sales T..
DJ
04:52pUS Supreme Court Rules States Can Require Online Merchants to Collect Sales T..
DJ
04:45pUS Supreme Court Rules States Can Require Online Merchants to Collect Sales T..
DJ
04:39pKroger profit beats as online investments pay off, shares soar
RE
03:05pAMAZON COM : University College London Study Shows Listening to Books is More Em..
BU
10:35aGawande to head Amazon-Berkshire-Chase healthcare company
AQ
10:17aWhat trade war? FAANGs scale new highs
RE
08:48aAuthor to Run New Health Venture -- WSJ
DJ
06/20These Stocks Have Left Amazon Behind This Year -- Update
DJ
More news
News from SeekingAlpha
11:55aCan Amazon Save Nike? 
10:36aOnline retail rattled by Supreme Court ruling 
10:24aAmazon Prime Day scheduled for July 16? 
05:50aMistakes Happen 
06/20TECH ETFS : Smaller Is Better But For How Long? 
Financials ($)
Sales 2018 238 B
EBIT 2018 8 323 M
Net income 2018 6 210 M
Finance 2018 11 308 M
Yield 2018 -
P/E ratio 2018 141,73
P/E ratio 2019 90,32
EV / Sales 2018 3,50x
EV / Sales 2019 2,80x
Capitalization 842 B
Chart AMAZON.COM
Duration : Period :
Amazon.com Technical Analysis Chart | AMZN | US0231351067 | 4-Traders
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 49
Average target price 1 815 $
Spread / Average Target 3,7%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM48.34%841 762
START TODAY CO.,LTD.20.46%11 853
WAYFAIR INC44.71%10 142
QURATE RETAIL INC-12.61%10 016
MONOTARO CO.,LTD.35.22%5 539
B2W COMPANHIA DIGITAL35.56%3 182