Amazon’s acquisition of Whole Food grocery chain in 2017 raised many eyebrows as that marked Amazon’s entry in the grocery stores market. Now, the reports came to the media outlets claim that the company is preparing to launch the non-Whole food grocery stores in the United States in the coming days. The company has been preparing the stores and in talks with multiple vendors for setting up the stores in numerous cities of the United States of America. It is surprising to know that Amazon has kept the Whole Food separate from its new grocery store chain.
According to the reports and sources close to Amazon, the company is preparing to acquire prime locations to open the stores in multiple cities. As of now, the talks and negotiations are underway in the major U.S. cities like Washington, D.C., Philadelphia, Chicago, San Francisco, and Seattle. The company owns campuses in these cities, and that’s why these locations are chosen. The company has earned an excess profit in the quarter where the revenue increased by nearly 20 percent. With the excess profits and increased revenues, the company is considering the acquisition of small grocery store chains to level up the business.
As per the sources, Amazon grocery stores will provide all of the necessary grocery items at a lower price than the competitors. The prices are expected to be lower than Whole Foods is offering at their stores. Amazon faced backlash when they canceled the plan to open Headquarter in New York City which could’ve created thousands of jobs. With this venture, the company can create more jobs than its headquarters could’ve generated. Amazon might take the help of the Whole Foods Stores network while opening these grocery stores chain. As of now, Whole Foods has 476 in the U.S., 14 in Canada, and 7 locations in the United Kingdom.