Amazon ready to move into the world of food retail

Amazon (revenue of $232.9 billion in 2018) is set to diversify into the food retail market.

Following the acquisition of Whole Foods in 2017, the company owned by Jeff Bezos has announced a plan to open dozens of physical stores in the United States.

According to a report published in the Wall Street Journal, the first grocery store will open in Los Angeles by the end of the year, followed by other outlets in San Francisco, Seattle, Chicago, Philadelphia and Washington.

Amazon’s ambitious aim is ultimately to open 2,000 stores of various sizes. The company is also exploring the possibility of acquiring regional food chains to support the project.