UFCW president responds to Amazon's newly announced grocery chain: "Our leaders need to stop fawning
A report today from the Wall Street Journal claims Amazon plans to open a new grocery US grocery chain that would be separate from Whole Foods, which was purchased by Amazon in 2017 for roughly $13.5 billion. According to the WSJ article:
Amazon.com is planning to open dozens of grocery stores in several major U.S. cities, according to people familiar with the matter, as the retail giant looks to broaden its reach in the food business. First grocery store in Los Angeles as early as the end of 2019. Amazon has already signed leases for at least 2 other grocery locations with openings planned for early next year, this person said.
The new stores would be distinct from the company’s upscale Whole Foods Market brand, though it is unclear whether the new grocery chain would carry the Amazon name.
Amazon is also exploring an acquisition strategy to widen the new supermarket brand by purchasing regional grocery chains with about a dozen stores under operation, one person said.
http://www.ufcw.org/2019/03/01/bezos/
