has not yet found the formula for dominance in the grocery industry after years of trying, COE Andy Jassy admitted this week.Thursday that while Amazon has built what he called a "pretty significantly sized grocery business," it hasn't gained much ground in capturing market share in perishables, which would require a lot more brick-and-mortar locations.
People walk past an Amazon Fresh supermarket in London. The company revealed this week that it will not expand the grocery stores until it finds a formula that would work on a mass scale. Jassy touted the selection and growth of Amazon's Whole Foods stores but said, "if you want to have a mass physical store offering, you need a different offering." The CEO said that is what Amazon has been working on with its Amazon Fresh locations.Inside an Amazon Fresh store in Pasadena, CA, Thursday, September 15, 2022.
When I saw the number of employees is more than the customers, I knew Amazon Fresh is NOT going well. The price is just too high, even in a relatively high income area.
They won't lose. In time they will win this
Stop buying at Amazon !!!
😂😂😂😂😂
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Amazon CEO Andy Jassy's first ever earnings call: shares 4 prioritiesAmazon CEO Andy Jassy just joined the company's earnings call for the first time ever and shared 4 of his top priorities: 'Each era is different' I think it would be more useful for Jeffy to stay on his boat.
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