Amazon CEO wants more physical grocery stores according to reports. The company now wants to go big with brick-and-mortar stores according to all indications.
Amazon CEO Wants More Physical Grocery Stores According To Reports
CEO of Amazon Andy Jassy has stated that the company wants to go big on grocery stores, as per a report on Monday from the Financial Times.
“We’re just still in the early stages,” Jassy revealed to the Financial Times. “We’re hopeful that in 2023, we have a format that we want to go big on, on the physical side.”
Amazon Reportedly Shut Down Some Bookstores and Other Brick-And-Mortar Stores in the Previous Year
Amazon in the last year shut down a couple of bookstores and other brick-and-mortar stores and in the process leaving grocery stores as its major focus for physical stores. The retail conglomerate also is exploring physical clothing stores.
Amazon back in 2017 acquired the grocery store chain Whole Foods. And ever since then, it has integrated its online services within the stores and then plans on making use of its “Just Walk Out” technology for customers that are shopping for groceries.
Amazon Fresh Grocery Stores
There are over 40 Amazon Fresh grocery stores. Amazon this very month will increase the price of groceries that are delivered from its Fresh stores and online in a bid to help keep the prices low.