Tags: amazon grocery stores

Amazon CEO Doubles Down on Grocery Store Business

Amazon CEO Doubles Down on Grocery Store Business
Amazon CEO Andy Jassy (AP)

Monday, 13 February 2023 04:28 PM EST

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 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.

Amazon did not immediately respond to a Reuters request for comment.

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.

For the time being, the company has closed some grocery shops and impaired certain assets.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
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 Monday.
amazon grocery stores
152
2023-28-13
Monday, 13 February 2023 04:28 PM
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