Blog: Amazon cools talk of plans for wave of grocery stores
Dean Best | 9 December 2016
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores.
On Monday, the e-commerce giant unveiled Amazon Go, a 1,800 square feet store in Seattle, that caused a ripple throughout the industry for one, being the company's first move into bricks-and-mortar food retail and, two, being an outlet with tech at its centre.
The same day came a report from The Wall Street Journal that said Amazon Go is one of at least three formats the retailer is studying. Two of the other formats are larger than Amazon Go, the WSJ said, citing unnamed sources. Two drive-through locations are set to open in Seattle, it reported.
In all, Amazon had a vision of opening more than 2,000 physical stores in the US, the WSJ said.
However, on Wednesday, Amazon, which usually makes public statements on its own terms, made the rare step of reacting to a report.
"We have no plans to open 2,000 of anything. Not even close. We are still learning," an Amazon spokesperson told CNBC.
For its part, the WSJ says it stands by its report.
Either way, it is clear Amazon is looking to beef up its presence in grocery and will be one of the most closely-watched businesses across consumer goods and retail for years to come.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill