Marketing

Amazon to ‘go big’ on physical grocery business

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February 21, 2023

Amazon may be laying off nearly 20,000 employees but it has big plans to grow its physical grocery store strategy.

CEO Andy Jassy said Amazon plans to "go big," according to a Financial Times report cited in an Endgadget article.

The omnichannel retailer made its foray into supermarkets when it bought Whole Foods six years ago and has steadily been launching Amazon Go grocery stories featuring its Just Walk Out cashierless technology.

Jassy said Amazon has "a format" it plans to go big on and will be "doubling down on It," according to the Financial Times.