Amazon is gearing up to launch a new line of supermarkets in large US cities as soon as this year, according to the Wall Street Journal.
The company has already signed leases for the stores, which could open as soon as this year, according to the report., carrying a larger variety of food, and may or may not carry the Amazon name.The company is launching a new brand of grocery stores, according toAmazon has already signed leases for three of the stores, one of which would be located in Los Angeles, and could open as soon as this year.
The new stores would be distinct from Whole Foods, carrying a larger variety of food, and may or may not carry the Amazon name. Whole Foods is limited to the types of items it can carryFurious shoppers say Whole Foods' produce has turned 'depressing,' 'barren,' and 'bone-dry' — and they blame Amazon A different store aimed more at mainstream customers could carry items from the biggest brands and could compete directly with big box stores like Walmart, Target, and regional grocers.
The new stores are planned to be about 35,000 square feet, which is typically smaller than a traditional grocery store, according to the report.The company has as it looks for new avenues of growth, expanding store formats like Amazon Go, its cashierless convenience store, Amazon 5star, a curated boutique for highly rated goods, and pop-ups around the country.Amazon will now let Prime members pick which day to get their items delivered, and it's a stealthy way for the company to cut down on its fastest-rising cost
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks edge downward as Wall Street takes a pauseWall Street's main indexes fell slightly on Thursday as support from better...
Read more »
Chinese firm behind the 'Amazon Coat' hits jackpot in U.S., eschews ChinaThe Chinese firm that designed the ‘Amazon Coat’ has eschewed its home country for more competitive markets abroad via ReutersTV
Read more »
U.S. judge will not block Amazon-Berkshire-JPMorgan health venture's new hireA federal judge on Friday declined to block a UnitedHealth Group Inc unit's...
Read more »
US to demolish Trump's border wall prototypes in San DiegoThe Trump administration is demolishing eight prototypes of President Trump's border wall, saying they have served their purpose. Elements of the prototypes have been incorporated into current border fence designs.
Read more »
US House advances bill rejecting Trump's border wall emergencyDemocrats ignored a veto threat and prepared to push legislation through the House that would hamper President Donald Trump's bid for billions of extra dollars for his border wall.
Read more »
Wall St. Week Ahead: U.S. stock reign may not last over other regionsU.S. stock prices are outpacing those in most other regions to start 2019, but t...
Read more »
Wall St. dips at open as U.S.-North Korea summit ends earlyWall Street's main indexes opened slightly lower on Thursday after a U.S.-N...
Read more »
Wall Street futures bounce as focus shifts to inflation, factory dataU.S. stock index futures bounced on Friday, setting up Wall Street's main i...
Read more »