Friday, February 3, 2023

Amazon Halts Fresh Stores Expansion; Firm Still Grasping for Success With Supermarkets, CEO Andy Jassy Says

Amazon has halted plans to expand its Fresh supermarkets and cashier-less convenience stores as the company is still grasping for success with supermarkets, CEO Andy Jassy said a in a rare appearance on the company's quarterly results call. Jassy said the firm needs a distinctive store format that's doing well financially before embarking on a major expansion.

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