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Amazon, an online eCommerce platform is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up the $800 billion grocery industry. Amazon on Tuesday opens up its new store in Seattle, where 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...

Sanjiv Goenka Group's Spencer's Retail said it will acquire Godrej Industries' grocery chain Nature's Basket for $43 million (around Rs 300 crore). Nature's Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore. "...The Board of Directors of the company...has approved a proposal for acquisition of entire 100 per cent stake held by Godrej Industries Ltd in its wholly owned subsidiary Nature's Basket Ltd, subject to requisite approval of the shareholders of the company and execution of a share purchase agreement for undertaking the transaction contemplated above."This acquisition will bring in many synergies in Spencer's business and fits in well with Spencer'...

Tag: grocery store

Amazon Opens Cashier less Grocery Store in Seattle

Spencer’s Retail acquire Nature’s Basket for $43 million