Amazon's Pouncing on an Opportunity in Grocery
Amazon (NASDAQ: AMZN) opened the first location of its new Amazon Fresh grocery chain in September. It now has 11 stores open and 28 more in the works, according to a report from Bloomberg.
The rapid expansion is fueled by its existing shopper data and an opportunity to redevelop struggling commercial real estate. That allows Amazon to open stores cheaply, run them efficiently, and capitalize on its growing presence in grocery.
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Source Fool.com
