Rumors are swirling today that Amazon is planning to launch its own low-cost grocery store chain in the U.S. to complement Whole Foods Market, according to The Wall Street Journal. They reportedly plan to open dozens of the stores, with the first one being set for Los Angeles as early as the end of this year. A typical grocery store spans about 60,000 square feet, but these new Amazon stores will roughly occupy 35,000 square feet of space. Read more for another video and additional information.
“Amazon is also interested in possible acquisitions to strengthen its supermarket strategy, according to the Journal. Regional grocery chains with around a dozen operating stores would be the ideal candidates for acquisition should Amazon choose to take that route,” reports CNBC.
