Business Insider reports that Amazon is laying out a future in which it could be operating as many as 2,000 Amazon Fresh grocery stores within the next 10 years. It expects to have 20 of them up and running in a pilot program by the end of 2018, and they are expected to be some combination of fresh-oriented convenience/grocery stores and pick-up depots for online grocery orders.
One other possibility is that they could be tied to Amazon Prime memberships, with only members allowed to shop there.
The news came as Amazon reported third quarter profit of $252 million, more than three times the profit of $79 million that it had in the same period a year ago, and revenue for the period that was up 79 percent to $32.7 billion.
One other possibility is that they could be tied to Amazon Prime memberships, with only members allowed to shop there.
The news came as Amazon reported third quarter profit of $252 million, more than three times the profit of $79 million that it had in the same period a year ago, and revenue for the period that was up 79 percent to $32.7 billion.
- KC's View:
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The irony, of course, is that while Amazon's numbers were way up, they weren't up enough for the investment class, and so its stock price went down somewhat yesterday. You can't please all the people all the time...
The thing is, if Amazon's profits were not up to investors' expectations, it is largely because the company continues to invest - in distribution facilities, original content, faster distribution initiatives, and, apparently, more bricks-and-mortar stores.
This is a race. No sense in letting off the gas now.
