9/14/2023 0 Comments Amazon fresh work![]() We also believe that over time, grocery is going to be omnichannel. “It’s a very large market segment, and there’s a lot of frequency in how consumers shop for grocery. With the first closure of an Amazon Fresh store in the UK last month – in Dalston, less than 18 months after it launched – and a significant dialling down of reported store opening plans, some had questioned Amazon’s continuing commitment to physical grocery stores.īut Jassy confirmed grocery is “a really important and strategic area for us”. So what did Jassy – now a year in the top job – have to say on Amazon’s strategy in these ‘unusual’ times? Amazon is still committed to physical grocery stores “Given some of the unusual parts in the economy and in our business, I thought this might be a good one to join,” he explained. ![]() Just as his predecessor Jeff Bezos had, he typically left the handling of calls and analyst questions to his CFO.īut with the company’s profits falling to $278m in the quarter, down from $14.3bn in the same period a year ago with 18,000 job cuts announced last month and huge doubts hanging over the e-commerce giant’s commitment to physical grocery, Jassy decided to step in and set out his stall. Lumina Intelligence: UK Food & Drink ReportsĪmazon CEO Andy Jassy made a rare and unexpected appearance on the company’s fourth quarter results call last week. ![]()
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