But you’re going to also see a hybrid of those, where people pick out what they want online and pick it up in stores.
There are going to be a lot of people that order their grocery items online and have it delivered to them, and there are going to be a lot of people who continue to buy in physical stores. “We also believe that, over time, grocery is going to be omnichannel. It’s a very large market segment, and there’s a lot of frequency in how consumers shop for grocery,” Jassy said late Thursday in a Q&A with analysts during the call, according to a transcript from financial services site Sentieo. “We think grocery is a really important and strategic area for us. Currently, the Seattle-based e-tail giant operates 44 Amazon Fresh supermarkets and 30 Amazon Go convenience stores, as well as 535 specialty grocery stores via subsidiary Whole Foods Market. In a conference call on fiscal 2022 results late last week, Jassy noted that Amazon already has built a large grocery business and is now developing its brick-and-mortar offering to deliver more compelling omnichannel proposition. Photo: ShutterstockĪmid companywide cutbacks, Amazon CEO Andy Jassy told Wall Street analysts that the company continues to see grocery as a strategic pillar of its retail business-and as a growth vehicle. Amazon is pausing Amazon Fresh openings for the time being amid companywide cutback but won't stop refining the format, executives said.
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