Wednesday, November 13, 2019

"Amazon will launch new grocery store as alternative to Whole Foods" (AMZN)

Is it a monopoly if you have competition but the competition is yourself?
From c|net, November 11:

The company confirmed plans for a new store format after job openings were posted Monday.
Amazon on Monday said it plans to open its first new brand of grocery store in California next year, as it amps up its ambitious push to become a bigger name in food.

"Amazon is opening a grocery store in Woodland Hills in 2020," an Amazon spokesperson confirmed to CNET on Monday morning, soon after the company published four new jobs postings for the location. Woodland Hills is a neighborhood in Los Angeles.

The store will be different from Amazon-owned Whole Foods, the company said. It didn't say whether it will open more of these locations, what its selection or pricing will be, or what the brand name is. But in the jobs postings, the company described the Woodland Hills location as "Amazon's first grocery store," suggesting that it will have the Amazon brand name and that the company could expand to multiple sites.

The store won't use the company's Amazon Go technology, which allows customers to check out without waiting in line. Instead, checkout will be conventional as at other grocery stores, the company said....
....MUCH MORE

I thought Amazon Fresh was on the ropes but apparently that was only in Germany where they were going up against Hello Fresh.
PYMNTS.com last August:
Amazon Fresh Deliveries Flop In Germany