Last week Amazon shared plans to start charging for most grocery deliveries, rolling back a previous offer of free delivery for Prime members.Īmazon reported fourth-quarter net sales of $149.2 billion, up 9% year-over-year, ahead of a Street estimate of $145.45 billion. Jassy highlighted strengths in packaged food, paper products, pet, and personal care items but acknowledged the company's inadequate market share in perishable goods that shoppers often like to eyeball in person. They also emphasize in-store pickup of online orders with a prominent customer-service counter. Some Fresh stores offer Amazon's cashier-less Just Walk Out technology. The stores marked Amazon's effort to compete with mainstream supermarkets and discounters in a way that a more premier Whole Foods cannot, analysts noted, Bloomberg reports. "We're optimistic that we're going to find that in 2023," and grow more quickly, he said.Īmazon raised focus on Amazon Fresh grocery stores that grew to the dozens after a pandemic-driven rapid expansion. Jassy decided not to expand physical Fresh stores pending the evaluation. During its earnings call, Amazon.Com, Inc (NASDAQ: AMZN) CEO Andy Jassy disclosed halting the expansion of its line of Amazon Fresh grocery stores to evaluate how to make the chain more appealing versus competitors.
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