Amazon.Com Inc (NASDAQ: AMZN) to launch cashierless stores in the U.K.in a bid to expand its automated checkout technology outside the U.S., Bloomberg reports.

• The initiative will mark the debut of its first brick-and-mortar store outside the U.S. It is a 2,500-square-foot Amazon Fresh-branded store in the Ealing area of London starting on Thursday.

• The store will use a range of cameras and other sensors to track the shopping behavior and charge a credit card upon exit, akin to the U.S. counterparts. Amazon is also offering to license the Just Walk Out technology to other companies.

• Amazon has opened 26 cashless convenience stores under the Amazon Go brand in the U.S. and two larger formats called Go Grocery.

• The company does not intend to change the branding of the U.S. stores.

• Amazon also runs a new line of U.S. grocery stores with conventional checkout lines called Amazon Fresh.

• The company introduced a new private label food brand in the U.K., called “by Amazon,” as a part of the debut.

• Price action: AMZN shares are lower by 0.43% at $2,991.99 in the premarket session on the last check Thursday.

• Image Courtesy: Wikimedia

See more from Benzinga

• Click here for options trades from Benzinga

• General Motors Extends Production Cut Amidst Chip Crisis: Reuters

• Tyto Athene To Acquire AT&T's Defense IT Professional Services Business

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.