A Whole Foods store. Photo by Amazon.
SEATTLE—The Wall Street Journal has reported that Amazon plans to launch dozens of grocery stores in several major US cities, citing sources familiar with the strategy.
The first store will open in Los Angeles, possibly by the end of this year, according to the WSJ. The company has also signed leases for two other locations with plans to open early in 2020. In addition, Amazon is in talks to open outlets in San Francisco, Seattle, Chicago, Washington, DC, and Philadelphia, according to the sources that spoke with the WSJ.
These stores will open under a different brand name than Whole Foods, which Amazon acquired in June 2017 and presumably will target a different shopper profile.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
