to come from Whole Foods, as other Amazon-run stores are still in their infancy.
The adjusted growth in Whole Foods is particularly noteworthy because Amazon's physical stores sales suffered its worst quarter last month. Amazon reported $3.8 billion in second-quarter physical-stores sales, a 13% drop from the year before — the smallest quarterly revenue and the biggest decline since disclosing that segment in 2017.
Amazon's physical-stores sales saw the biggest decline since disclosing the segment in 2017. The results exclude sales from online deliveries and in-store pickups.The disclosure also shows Whole Foods is likely generating a larger portion of its sales from online deliveries and pickups amid the COVID-19 crisis.
other retailers are seeing. Walmart's US e-commerce sales nearly doubled in the second quarter, while Target's digital sales roughly tripled during the same period. Both Lowe's and Home Depot saw their online sales more than double in their most recent quarters, as more people spent on home improvement products. On Tuesday, Best Buy said its US online sales more than tripled last quarter.
"Amazon's DNA is online, so Amazon will naturally focus and succeed in driving online solutions [for Whole Foods]," Andrew Murphy, managing partner at Loup Ventures, told Business Insider.Whole Foods' in-store shopping business, however, has more room to grow, Murphy said.
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Whole Foods always sucked.
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