Amazon Is Diving Headlong Into the Grocery Business
Amazon.com (NASDAQ: AMZN) fired the shot heard round the grocery world when the tech giant acquired Whole Foods in late 2017 -- putting supermarkets on notice that there was a new sheriff in town. Since then, however, the situation has remained largely unchanged. The company has slowly ramped up its brick-and-mortar presence, adding to its growing list of physical locations with Amazon Go, Amazon Books, and Amazon 4-Star locations -- but its supermarket aspirations appeared to be treading water.
Now it appears the company is finally set to make a bigger push into the grocery business.
Image source: Whole Foods.
Source Fool.com
