Amazon.com won’t be opening any more Whole Foods 365 discount stores. The grocery store chain’s CEO, John Mackey, said the price gap between the value chain and the full-price Whole Foods Market stores has narrowed enough since Amazon bought the company that there is no longer a need for two separate chains. …
He said his company, which has a $22.39 billion market cap, had worked for years under the assumption that the online retail giant would either establish its own grocery business or acquire a retail chain. The latter happened in 2017 when Amazon gobbled up Whole Foods. …
Ocado is a United Kingdom-based grocery store that doesn’t have any physical outlets. But it does have warehouses with robots that can pack up an order of 50 items in just a few minutes. In the third quarter of 2018, Ocado’s revenue growth beat all but three other retailers and racked up 283,000 orders per week in the UK. …
ole Foods Market once had an ambitious plan to broaden customer appeal with its 365 stores. But now it’s saying goodbye to the cheaper and smaller store format. …
The expansion of the brand, which the e-commerce giant bought in 2017 for more than $13B, would add suburban locations and locations in new markets in the United States and possibly elsewhere. …
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