Wednesday, November 1, 2017

Online giant looks to develop new grocery store formats

“It’s been lots of activity, lots of energy and we’re really excited to show customers what’s possible when we join forces here,” Brian Olsavsky, senior VP, CFO said regarding the Whole Foods acquisition on Amazon’s third quarter investors’ call on Oct. 26.

He also hinted at the company’s next big step: developing new store formats. While he would not commit to specifics on the project, Olsavsky revealed that the company is already “experimenting” with a lot of formats, and using Whole Foods as a testing ground. Crediting the company’s expertise, Olsavsky expects the Whole Foods team to bring a new perspective to a potential format concept.. . . more

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