Amazon CEO doubles down on grocery store business - FT

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Amazon.com Inc Chief Executive Andy Jassy has vowed to double down on the ecommerce giant's struggling grocery store business, the Financial Times reported on Monday.

Jassy blamed a lack of normalcy during the pandemic for a series of stumbles and said the company was ready to "go big" on bricks-and-mortar stores, the report added.The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the right recipe for success, Jassy said, in a rare appearance on the company's quarterly results call earlier this month.

Jassy's remarks show how Amazon, which just a year ago said it would close its bookstores to focus on grocery, has yet to dominate brick-and-mortar retail since its closely watched acquisition of Whole Foods Market in 2017.

 

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The Amazon store is pretty cool. That’s a place that greeters make sense since you could go a whole trip without human interaction. Sure, grocery stores with self-checkout are similar but usually I have at least a half interaction with a strange meat suit.

Grocery stores are just logistical end points where the consumer does their own warehouse work, and since many people opt for a similar grocery list on a week-to-week basis it would inevitably make sense as a subscription service

I canceled Amazon account and removed my credit card. Am going to go through withdrawals but BUY LOCAL is my new goal. Amazon is too big and beating the heck out of the 'little people' in so many ways.

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