Source: PYMNTS.com
As Amazon continues to try to shrink the gap between its own share of consumers’ grocery spending and Walmart’s, the eCommerce giant is retooling its mass-market brick-and-mortar offerings and looking to provide one-stop pickup options.
On Amazon’s latest earnings call, CEO Andy Jassy noted that the company has already captures a significant share of consumers’ nonperishable grocery spending, with shoppers leveraging the eCommerce marketplace for items such as “consumables and canned goods and pet food and health and beauty products and pharmaceutical,” with this business “continuing to grow at a very healthy clip.”
Additionally, he said Whole Foods Market remains a “pioneer and leader” in organic grocery, continuing to grow and become more profitable.
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