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Amazon closing its Fresh and Go stores

finance.yahoo.com

491–500 of 572 posts

Re: Amazon closing its Fresh and Go stores

#491

I always found the "Amazon 4-Star" name funny. Presumably when it was first pitched internally it was called "Amazon 5-Star", then they realised that meant they basically couldn't sell anything, since nothing popular gets a full 5 stars. So they changed it to "4-Star", which just sounds awkward, and lacks the suggestion of top-quality that "5-Star" would. Instead, it's like the "Amazon Not-too-bad" store. I was amaze…

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Re: Amazon closing its Fresh and Go stores

#492

Earlier quoted context omitted.

It has been a constant source of irritation in my life that I could never rate the Spawn movie zero stars on IMDB.

Consider the first star as an award for technically qualifying as a “movie” in much the same way as tree bark qualifies as food.

It’s actually the pith between the bark and the sapwood that is edible.

Re: Amazon closing its Fresh and Go stores

#493
post #39

These bastards drove out some nice stores near me (supposedly the lease ended and did not renew) and rebuilt the buildings in order to open an Amazon Fresh location. That Amazon Fresh store never opened. Now we have a giant empty storefront nobody uses.

Reminds me of the time they made towns all around the US do a dog and pony show to attract "HQ2" and then just located it where Bezos wanted to be all along. I remember AOC getting it right all along, she did the most milktoast of pushback in her district and it caused Amazon to huff and puff and just walk away(causing many property speculators to lose out). She got raked over the coals but a few years later and the…

HQ2 ended up in Crystal City, Virginia, which is a commercial district of Arlington County, and it’s fine. The pandemic-driven remote work trend led Amazon to scale back the number of buildings.

The state and localities did a good job structuring incentives so everything was tied to milestones, some of which Amazon ended up not hitting. My recollection is that NY was offering to give a lot more away, which helped fuel the backlash, but don’t quote me on that.

It also helped in VA that Crystal City has been a commercial wasteland for many years thanks to DoD decentralization. A lot of offices moved down to Fort Belvoir and surrounding areas, leaving Crystal City with a lot of vacant office space. Nothing was being “lost” by Amazon coming in.

Local real estate agents put “HQ2” in their listings for a few years but it didn’t matter much because homes near Crystal City were already super expensive.

Re: Amazon closing its Fresh and Go stores

#494
post #18

> On April 4, 2024, it was revealed that Amazon's "Just Walk Out" technology was supported by approximately 1,000 Indian workers who manually reviewed transactions. Despite claims of being fully automated through computer vision, a significant portion of transactions required this manual verification. ( https://en.wikipedia.org/wiki/Amazon_Go ) Wonder how much of this is due to economics since computer vision tech ne…

I left the following comment some months ago, duplicating it here: [Disclaimer: Former Amazon employee and not involved with Go since 2016.] I worked on the first iteration of Amazon Go in 2015/16 and can provide some context on the human oversight aspects. The system incorporated human review in two primary capacities: 1. Low-confidence event resolution: A subset of customer interactions resulted in low-confidence c…

What’s still not clear to me about this story is if there was ever live human monitoring of shoppers. Did the low confidence resolution occur in real time, at some point between the customer grabbing the item and getting their bill?

Re: Amazon closing its Fresh and Go stores

#495

Earlier quoted context omitted.

Jeff Bezos in FY 2024 filed for, and received, a $2k child tax credit. While the company he was the founder of passed over a trillion dollars in market cap.

The child tax credit starts tapering off if your adjusted gross income is more than $200k single ($400k joint). If Bezos is reporting less than that due to other deductions then that’s truly impressive.

It’s really simple. Loans don’t count as income so you use your stock to get guaranteed loans. And you don’t take most of your income on a W2 you take it in stock.

Re: Amazon closing its Fresh and Go stores

#496
post #175

Earlier quoted context omitted.

Wait, how does a store that never opened drive out an existing store? That’s not how commercial leases work… Given that a supermarket abandoned that location, and Amazon never opened on their either, perhaps that location or the lease price simply doesn’t work for a grocery store?

The tenants needed to vacate before the owner tore down the building.

And then the new lessee just doesn’t finish the new building so it’s no longer possible to build on the land without tearing down or finishing the project at great cost to any new lessee. Which would be waste but you’d have to take Amazon or whatever shell company they used to court.

Re: Amazon closing its Fresh and Go stores

#497
post #18

> On April 4, 2024, it was revealed that Amazon's "Just Walk Out" technology was supported by approximately 1,000 Indian workers who manually reviewed transactions. Despite claims of being fully automated through computer vision, a significant portion of transactions required this manual verification. ( https://en.wikipedia.org/wiki/Amazon_Go ) Wonder how much of this is due to economics since computer vision tech ne…

I’m skeptical of this scoop.

It’s reasonable to expect a system like Amazon’s to use human feedback in training, and to quote the article linked on Wikipedia:

> Amazon said that the India-based team only assisted in training the model [and validating] a small minority of shopping visits.

Re: Amazon closing its Fresh and Go stores

#500
post #365

Earlier quoted context omitted.

We're talking about the ride service itself, not the interface used to book it.

The whole thing end-to-end is the ride service though. The interface is the differentiator that made Uber popular and forced traditional taxi providers to compete for once. There used to be tons of anecdotes about "the card reader being broken" in traditional taxis, because they dodged taxes by only accepting cash. Exposing the whole process through an app and handling your billing outside of the car made tactics lik…

> the playing field is more level

Quoted for truth. I still take taxis from time to time if there’s no wait at a taxi stand at an airport or building. I noticed in places like Las Vegas things seem better now, there’s flat rates and everyone has touchscreen payment terminals in the passenger area. I remember pre-Uber occasionally getting cab drivers that would take suboptimal routes like getting on the freeway to drive up the meter.

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