Amazon opens first physical store in Britain, signals global expansion

04.03.2021 - Evdokimov Roman
Amazon opens first physical store in Britain, signals global expansion

Signaling the start of its global expansion, Amazon.com Inc. will open on Thursday its first-ever physical store outside the United States.

Amazon’s first out-of-the-U.S. branch will feature a cashier-less store. It is named, “Amazon fresh” and it is set to start operation in the London Borough of Ealing in Britain. The franchise will carry a private UK food brand and will allow shoppers to skip the checkout line when they shop.

The opening of the cashier-less store in London signals the start of the largest online retailer’s global expansion goal, pushing its principle of establishing physical stores as a way to capture consumers’ high spend on groceries.

In 2017, Amazon.com started its massive campaign for groceries expansion as it acquired the Whole Foods Market chain, complemented with a number of cashier-less convenience stores called Amazon Go, two Seattle-area Amazon Go Grocery stores, and 10 Amazon Fresh supermarkets in California and Illinois.

The London site will sell prepared meals, some groceries, and Amazon devices, including a counter dedicated to accommodating pick-up and for-return online orders.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?