Amazon Planning New Chain Of Grocery Stores

0
473
Ad

The Wall Street Journal reports that the online retailer giant Amazon plans to move full-scale into the grocery store business with an inaugural location in Los Angeles by the end of the year and then plans for dozens more across the country.

According to the report, the company also plans to open stores in San Francisco, Seattle, Chicago, Washington, D.C., and Philadelphia.

Amazon’s new stores will not compete directly with Whole Foods, the Journal reports, which the company bought for $13.7 billion in 2017. The upscale grocery chain is not expected to be affected by Amazon’s new venture.

The Journal reports that Amazon is also looking to redesign the traditional grocery store layout with its new stores, noting that Amazon plans to seek about 35,000 square feet per location, just more than half the amount of a traditional grocery store.

LEAVE A REPLY

Please enter your comment!
Please enter your name here