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.
Whole Foods always sucked.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon Go technology could come to Whole Foods in 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Palantir says its business depends on Microsoft and Amazon's clouds - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Palantir says activist criticism could hurt its business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Keep an eye on anti-ICE people. They are the same ones who will riot when the time comes. Peter Thiel will profit nicely. I have an idea let’s go public ASAP. Good thing he’s such a Trump guy. Put that in the risk disclosure. Come Nov that may be a big negative. Cash out now Pete. $PLTR palantir Palantir Technologies files for direct listing IPO on NYSE No new capital raised, $1.5B in cash, $297.6B in debt $481.2mm in H1'20 revenue 1.6B shares to be outstanding as converted Company says it depends on $AMZN and $MSFT …
Source: BusinessInsider - 🏆 729. / 51 Read more »
Toys R Us is tapping Amazon to fulfill orders placed on its website - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. tobi Some people seem incapable of learning from their mistakes. They would have been better using Shopify, $SHOP to set up an online store. They would have kept their data and controlled the shopping experience. If you can't beat 'em, join 'em. BandarsBounties 👀👀👀
Source: BusinessInsider - 🏆 729. / 51 Read more »