1 March 2019

Amazon to Launch New Grocery-Store Business

News

Amazon.com Inc. aims to launch a new retail grocery store business separate from its Whole Foods Market subsidiary, The Wall Street Journalreported.

Seattle-based Amazon already plans to open a grocery store in Los Angeles as soon as this year, and the company has inked leases to open two other locations in early 2020, the Journal said Friday, citing anonymous sources.

According to the report, Amazon also is in discussions to open grocery stores at shopping centers in San Francisco, Seattle, Chicago, Philadelphia and Washington, D.C.

In addition, sources told the Journal that Amazon is mulling potential acquisitions of grocery retail chains with around a dozen stores.

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