Amazon (AMZN, Tech30) is taking on the convenience store with Amazon Instant Pickup, a new service it launched on Tuesday. Instant pickup lets customers order from a limited list of basic supplies and Amazon devices from the app, then pick them up from a nearby pickup locker "within two minutes." Instant Pickup will make use of the company's existing network of pickup locations -- small spaces with rows of lockers, an inventory room and a staff of Amazon employees. Now it's coming for the grocery storeIt works similarly for the Instant Pickup. Amazon plans on expanding Instant Pickup to its 22 U.S. college locations as early as next week.

Source: CNN August 15, 2017 13:03 UTC