Amazon crafts new grocery offerings
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E-commerce giant Amazon is plotting a new grocery business in the US. The online retail giant is planning to strengthen its supermarket brand by purchasing local grocery chains that operate at least a dozen stores, the report claims.
The first store is expected to open in Los Angeles by the end of the year, with leases signed for two more locations, set to open by early 2020. The business is in talks to bring the grocery stores to shopping malls in San Francisco, Seattle, Chicago, Washington, D.C. and Philadelphia.
Amazon, which bought the healthy supermarket chain Whole Foods for $13.7 billion in 2017, had “ambitions in this space” for a long time.
Amazon’s big rival, Walmart has already been preparing for a battle with the retail giant, the source said. Walmart is introducing grocery pickup at 3,100 stores by next January and will also offer grocery delivery from about 800 more stores by the end of 2019.
Questions & Answers
Q.Which cities are being considered for the new grocery stores after the initial openings?
Which cities are being considered for the new grocery stores after the initial openings?
Amazon is in discussions to bring its new grocery stores to shopping malls in San Francisco, Seattle, Chicago, Washington, D.C., and Philadelphia. These cities are potential locations following the first store in Los Angeles and two more planned for early 2020.
Q.What is the expected timeline for the opening of the first new Amazon grocery stores?
What is the expected timeline for the opening of the first new Amazon grocery stores?
The first new Amazon grocery store is anticipated to open in Los Angeles by the end of this year. Two additional locations have signed leases and are scheduled to open by early 2020.
Q.How is Walmart responding to Amazon's expanded grocery ambitions?
How is Walmart responding to Amazon's expanded grocery ambitions?
Walmart is expanding its grocery services, planning to offer grocery pickup at 3,100 stores by next January. Also, it will provide grocery delivery from approximately 800 more stores by the end of 2019.
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