FIRST AIRED: December 6, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:02
>> Supermarkets watch out, Amazon saying Monday it's opened a physical store in Seattle, with no checkout counters. You just scan your phone as you enter the store, cameras and machines with artificial intelligence can detect, whether you've taken something or put it back. And then your Amazon account is charged as you leave.
00:00:21
Reuters reporter, Jeffrey Dastin.>> The grocery business, is a largely untapped market for Amazon. While it's expanded into, almost every area of e-commerce. It is still trying to figure out how to master, bringing fresh produce and other groceries to your doorstep. And in fact, this move may indicate that, maybe the answer is, you still have to go to the physical store.
00:00:46
>> But it's not Amazon's first brick and mortar store.>> It has a book shop in Seattle, with the idea that it has a very. Interesting selection of products and really tries to drive home the browsing experience, with customers. It also has, pop ups in malls across the United States, so you can see each devices, whether the Kindle reader, or whether the Fire TV.
00:01:10
>> For now, the 1800-square foot store is just for Amazon employees, but will open to the public, early next year. And there could be grander ambitions. Amazon is said to be considering other retail experiments, and depending on their success. Opening thousands of physical stores under its name, according to the Wall Street Journal.
00:01:29
Amazon's shares closed up over 2.5% Monday, while Walmart, Target, and Kroger dropped over 1%.