Amazon to Set up Physical Stores Selling GroceriesAdded: Thursday, October 13th, 2016
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Some reports suggest that the online giant retailer is going to build real corner stores to sell food products in order to further expand into the grocery market.
Amazon has grown into a $400bn company in the 22 years since its founding by multibillionaire Jeff Bezos in 1994. Now the company is reportedly going to build convenience stores and drive-through locations for customers to pick up their groceries ordered online. The company itself refused to comment on the rumors, which would follow its launch of a physical bookshop in Seattle last year. By the way, bookshops will also reportedly open in 4 other locations across the US.
According to speculations, the brick and mortar stores will be designed for customers signed up to Amazon Fresh food delivery service. The latter is currently available for $15 a month on top of Amazon Prime’s $99 annual fee.
Amazon has been offering its Fresh food delivery service in a number of locations across the United States since 2007 and now is rapidly expanding the service. For example, new cities across the United States were added: the service isalready available in its home Seattle, New York, Washington, Boston, New Jersey, Philadelphia, Stamford, Baltimore and California.
Amazon has also gone international in grocery delivery: this past summer the company launched outside of the United States for the first time and started offering grocery delivery in north and east London. Amazon Prime members can get this service in the United Kingdom for extra £6.99 per month.
Financial experts report that Amazon collected annual sales of more than $100bn in 2015 – more than double the amount it could get just 4 years earlier. Amazon’s net income totaled $600m.
Thursday, October 13th, 2016
|because they dont bother paying taxes!|
|I'll stick to Aldi 8 cans for £5 bargain!|
|posted by (2016-10-14 01:18:59)|
|Woo, so Prime is 99$ a year in the US? That's pretty steep. Comparatively speaking that's actually more than 50% higher than the Canadian rate; ours is only 79$, which works out to roughly 60$ US|
|Hmmm... I hope I'm not the only one who notices that Amazon seem determined to become the Microsoft of the shopping world. Hopefully small businesses continue to make ends meet.|
|;0 WAT PRIME OVER CHARGING WAT!!! ;< Still love their service though.|
|stick to what you know amazon. only way people will buy if your cheaper than the rest and judging by you "fees" this is gunna fail.|
|posted by (2016-10-16 10:53:59)|
|Imagine when the orders are delivered to the home.... How maybe jobs would be lost then......||
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