Amazon Inc AMZN, +1.95% . is planning to open dozens of grocery stores in several major U.S. cities, according to people familiar with the matter, as the retail giant looks to broaden its reach in the food business.
The company plans to open its first grocery store in Los Angeles as early as the end of the year, one person said. Amazon has already signed leases for at least two other grocery locations with openings planned for early next year, this person said. The new stores would be distinct from the company’s upscale Whole Foods Market brand, though it is unclear whether the new grocery chain would carry the Amazon name.
Amazon is also exploring an acquisition strategy to widen the new supermarket brand by purchasing regional grocery chains with about a dozen stores under operation, one person said.Comment
Whats not so clear is why they are doing it themselves VS asking existing grocery stores to join the Amazon network. Isnt there a win win here?
Amazon could be the giant Walmart that’s bigger, cheaper, and better. That has everything from Ikea, Walmart, Bass Bro, Dollarama, Costco, Best Buy, Home Depot, Foods.
It's called Whole Foods.
well noted market watch
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