Amazon's Next Step in Grocery Could Hit Walmart Where It Hurts
Amazon (NASDAQ: AMZN) has been working to bring grocery shopping into the age of online retail for several years. Walmart (NYSE: WMT) may have already done it.
The big-box retailer's online order and curbside pickup platform has propelled its online sales growth over the past year or so while bringing new customers to its website and stores.
That's why Amazon is reportedly working on a new grocery store format that puts online order pickup and delivery at the forefront, according to The New York Times. The stores will feature a smaller shopping footprint than most supermarkets but could have ample storage. Previous reports indicate Amazon was working on a low-priced grocery store, as well as scouting locations that could combine a grocery storefront with ample warehousing space in the back. Both are in line with the more recent report about Amazon's grocery plans.
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