Amazon To Close All Fresh Stores In UK As It Focuses On Same-Day Delivery

Benzinga

Amazon will close all 19 U.K. Fresh supermarkets, converting five into Whole Foods as it pivots to online grocery growth. CEO Andy Jassy said demand for delivery remains strong, with same-day service coming to the U.K. next year.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Amazon said Tuesday it will shutter all 19 of its fresh supermarkets in the UK

00:06after reviewing its grocery business, according to CNBC.

00:09Five locations will convert into Whole Foods as the company shifts to online delivery growth.

00:14The fresh chain launched in London in 2021 was designed as a lower-cost alternative to Whole Foods

00:18and featured casual-less just-walk-out technology.

00:22Amazon has scaled back its Fresh and Go store expansion in the US,

00:24but still operates 500 Whole Foods locations and new daily shop outlets in New York.

00:30CEO Andy Jassy told investors he remains bullish on grocery,

00:33highlighting strong demand for online essentials.

00:35Amazon also said it will begin offering same-day grocery delivery in the UK next year.

00:40For all things money, visit Benzinga.com.

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