Amazon CEO Andy Jassy opened up in a recent question-and-answer session with shareholders on the company’s strategy and performance in the food sector, emphasising his focus on the many aspects of the physical and online food retail business.
“I’m very bullish on groceries. I think some people don’t realise how big a grocery business Amazon has today. If you look at our core aisle stuff – so it’s things like consumables, canned goods, pharmaceutical items, beauty products, really, everyday essentials – if I exclude just Whole Foods Market and Amazon Fresh, we did over $100 billion in gross sales in our grocery business on those items last year alone…”
The figure would then cover Amazon Go, Amazon Grocery and the ubiquitous Amazon.com website.
