March 24, 2019

Grocery Chain Stock Prices Down Following News Of Amazon's New Supermarkets

08 March 2019, 05:54 | Hattie Nash

Amazon May Open An Entirely New Chain Of Grocery Stores: Report

Amazon to Launch New Physical Grocery Store Chain Business

The Wall Street Journal pointed out that the new chain isn't meant to compete directly with Whole Foods since it's expected to sell cheaper products.

Since its $13.7B acquisition of Whole Foods, Amazon has expanded several supermarket services, adding Prime discounts and delivery at Whole Foods and launching a line of cashierless Amazon Go stores. Apparently, the report claims, Amazon wants to take on the traditional grocery market where companies such as Albertsons, Kroger, Publix, and Walmart reign.

According to a report from The Wall Street Journal, Amazon is planning to open a chain of grocery stores across major USA cities. Stock prices of companies like Kroger, Costco, Sprouts, and Walmart, immediately reacted following the spread of the news. In addition, Amazon is in talks to open outlets in San Francisco, Seattle, Chicago, Washington, DC, and Philadelphia.

Paul Manafort Sentenced to Almost Four Years in Prison
Prosecutors said Manafort's conduct was egregious, but Ellis ultimately agreed more with defense attorneys. He will face sentencing on a separate case in Washington DC next week.

Leases have already been signed for two more stores to be launched in early 2020.

Amazon may even expand this grocery footprint by acquiring smaller grocery chains that have a dozen or so locations.

"Amazon continues to show itself to be anti-union and anti-worker", a member of the Whole Worker organising group, which has attempted to unionize WFM employees, told Gizmodo, "We expect the same poverty wages, poor working conditions & disregard of labour rights to arise there".

PA Lawmaker Wants to Eliminate Daylight Saving Time
If the Florida senators get their way, this Sunday will be the last time America has to change their clocks. Rubio introduced the same legislation a year ago, but it didn't advance in the Senate Commerce Committee.

"Amazon clearly has significant opportunity in the middle of the market, which a new concept could serve well", the KeyBanc Capital Markets analyst Edward Yruma wrote in a note to clients on Friday. The company previously launched its Amazon Go convenience stores, which are basically brick-and-mortar automated locations where customers can pick up their goods without using physical money or going through cashiers.

When directly asked about their alleged plans to open up their own supermarket chain, Amazon representatives have so far declined to comment on the matter.

Kevin Jonas reveals one person in the family who hates Priyanka Chopra
Nick , Joe and Kevin (in order of best vocals, sorry) separated in 2013 because the band caused problems within their family. A pop trio of siblings, the Jonas Brothers is comprised of Kevin Jonas , Joe Jonas , and Nick Jonas .

Other News

Trending Now

First All-Female Spacewalk Scheduled for March 29
NASA selected its first female astronauts in 1978, and women now account for about 34% of its astronauts. She's due to take part in another spacewalk on March 22, alongside astronaut Nick Hague.

Charlotte Russe closing all stores; liquidation sales starting immediately
That includes all of the brand's online retail inventory, which will be shipped to physical locations for sale. Once considered a retail stalwart, Toys "R" Us shuttered operations previous year after filing for bankruptcy .

Venezuela's Maduro Calls for 'Anti-imperialist' Rallies on March 9
Maduro retains control of state institutions and the loyalty of senior figures in the armed forces. He had greeted Guaido at Caracas airport on his return to the country on Monday.

Priyanka to collaborate with Amazon Prime Video soon
And specifically, Dwayne Johnson. "She's a real singer", Nick said of Miley. Well, I think they follow Joe - I am just the tag-along!'

China sets 2019 GDP growth target of 6.0-6.5 pct - Premier Li
Premier Li Keqiang announced the measures Tuesday on the opening day of China's annual National People's Congress in Beijing . But the chief USA envoy, Trade Representative Robert Lighthizer, said earlier the two sides still had much work to do.

READ: Roger Stone's Request About His Book That Ticked Off His Judge
Stone could face contempt charges, including his potential jailing or other penalties if found in violation of the gag order. Stone attorney Bruce Rogow did not immediately respond to a request for comment.

R. Kelly Being Investigated in Detroit for Separate Underage Sex Claim
The rapper was required to pay his ex-wife, Andrea Kelly , $161,663 in missed child support payments by 10:00am CT. Kelly arrives for a child support hearing at a Cook County courthouse in Chicago, Illinois, U.S.

SpaceX Crew Dragon capsule splashes down in Atlantic Ocean
It carried approximately 400 pounds of equipment, food and other supplies the astronauts need in order to continue their work. The SpaceX Crew Dragon is spinning down its orbit after undocking from the International Space Station early Friday.

Malaysia’s richest man slips out of world Top 100
The richest Asian is India's Mr Mukesh Ambani , chairman of Reliance Industries, in 13th place with a net worth of US$50 billion. Villar, who now ranks 317th worldwide, took the top spot occupied by retail tycoon Henry Sy Sr., who passed away January 19.

Livescore: Latest Champions League round of 16 second leg results (Wednesday)
Telles took responsibility and made no mistake from 12-yards out to seal a 3-1 win on the night and a 4-3 win on aggregate. But I remain convinced VAR will be improved and perfected as time goes on".