Amazon intends to build and expand Whole Foods Market stores across the U.S. in an effort to reach more customers.
The plans call to open and expand Whole Foods stores in more suburbs and locations underserved by the company. Sources noted Whole Foods employees visited retail spaces in Idaho, southern Utah and Wyoming, all markets the company does not currently operate in , reported The Wall Street Journal (Dec. 31, 2018).
Some of the potential spaces were about 45,000-sq. ft., larger than an average Whole Foods location, with analysts noting the extra space could accommodate Amazon delivery and pickup options for online orders. Amazon is reportedly seeking to expand its Prime Now offering, a two-hour delivery options for Prime subscribers, to nearly all of its nearly 475 stores in the U.S. Additionally, the company is looking at Prime benefits as a way to lure customers to Whole Foods stores.
Financial advisor D.A. Davidson believes Amazon could benefit fwrom expanding its portfolio of physical stores beyond just Whole Foods Market as another means to advance its delivery efforts. The firm noted adding gas stations could provide the company with thousands of commercial locations to house delivery stations, which could be used for Amazon Lockers or to utilize Amazon Go, reported The Seattle Times (Jan. 2).
Additionally, the company could use information gleaned from the brick-and-mortar stores to ascertain “additional data on the physical whereabouts of consumers” and it would have “thousands more locations where it would know where consumers were shopping,” said D.A. Davidson analyst Tom Forte.
Grocery shopping has evolved from a Main Street event (where we go to our local market frequently to purchase food and goods) to an order most anything, from anywhere, at any time online. Online shopping, which started off slowly, was initially an underwhelming choice for consumers. As the internet grew along with smartphones, more started to shop online.read more
According to recent data from the Plant Based Food Association (PBFA), U.S. retail sales of plant-based foods outpaced total food sales during the pandemic by a considerable margin. Peak panic buying in mid-March saw plant-based food sales up 90%...read more
Chris is a business writer and market analyst that focuses on the Markets, Legal and Washington sections of the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He invites you to contact him via email at firstname.lastname@example.org to talk about anything food-related.
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