Starbucks-Amazon Partner For Cashier-Less Store

Starbucks Corp SBUX has collaborated with Amazon.com Inc AMZN to open a cashier-less store in NYC.
The location with Amazon includes a seating area with tables, power outlets, and USB ports. Customers can grab a coffee via the Starbucks app avoiding queues.
The store will also sell particular Starbucks food like protein boxes.
It has a lounge area customers can enter by using the “In-Store Code” in the Amazon Shopping app, scanning their credit cards, or scanning their palm registered with Amazon One on the terminals onsite, TechCrunch reports.
Consumers will find a small Amazon Go market containing a curated selection of customer favorites from both companies.
The store will add the items to the virtual carts and charge them as they leave.
The new location at 59th Street between Park & Lexington Avenues will combine the Starbucks app’s order ahead feature with Amazon’s Just Walk Out technology.
Starbucks and Amazon aim to open three joint stores in 2022, including this one. The second location will be The New York Times Building, located at 40th Street & 8th Avenue.
For now, New Yorkers can head to the first location at 59th Street to check out the concept.
Price Action: SBUX shares traded higher by 0.31% at $112.86 on the last check Thursday.