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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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