Amazon.com, Inc. (NASDAQ: AMZN) plans to open a new grocery store in Woodland Hills, Los Angeles in 2020. This is a new grocery chain by Amazon. This store will have conventional checkouts. An Amazon spokesman stated with CNBC that “Amazon is opening a grocery store in Woodland Hills in 2020.”
On Monday, Amazon listed hiring a position fort its firs grocery location in Last Vegas. The listing is for store leader. The new store will not utilize Amazon Go technology, the technology that allows for customers to check out without waiting in line.
Currently, Amazon owns Whole Foods through a strategic acquisition back in 2017 for USD 13.2 Billion. Whole foods has over 500 stores. Amazon fresh allows for home grocery delivery.
At the moment, Walmart Inc. (NYSE: WMT) is the top gun in regards to the grocery sector. Although Amazon is the world’s largest online retailer, consumers still tend to shop at local grocers every week. The focus of this new grocery chain is to gear towards those consumers that shop in their local grocers while Whole Foods will remain a high-end grocer for specialty foods and organic produce.
“When it comes to grocery shopping, we know customers love choice, and this new store offers another grocery option that’s distinct from Whole Foods Market, which continues to grow and remain the leader in quality natural and organic food,” the Amazon spokesperson said, noting that Whole Foods opened 17 locations this year and that more are planned. The spokesperson said Amazon will continue to invest in grocery delivery with Whole Foods.