In this articleAMZN your favorite stocksCREATE FREE ACCOUNTPeople walk past an Amazon Fresh store in Washington, DC, on August 26, 2021.Nicholas Kamm | AFP | Getty ImagesAmazon plans to close all of its Fresh super in the U.K., in the recalibration of its grocery strategy.The company said in a Tuesday blog that it's preparing to close all 19 of its Fresh U.K.
stores, "ing a thorough evaluation of operations and the very substantial growth opportunities in online dery." Five of the Fresh locations are expected to be converted into Whole Foods stores, Amazon said.Amazon opened its first Fresh location outside the U.S.
in London in 2021, a year after it debuted the store concept in the Woodland Hills neighborhood of Los Angeles.
Fresh stores offer cheaper prices and more mass-market items compared to Whole Foods, the upscale supermarket chain Amazon acquired for $13.7 billion in 2017.
Many of the stores also feature Amazon's cashierless "Just Walk Out" nology.The Fresh store pullback in the U.K. comes as Amazon has continued to adjust its grocery ambitions.
The company has slowed expansion of its Fresh grocery chain and Go cashierless stores in the U.S.
It still maintains 500 Whole Foods locations and has opened mini "daily shop" Whole Foods stores in New York City.Read more CNBC newsNvidia CEO says he's 'disappointed' after report China has banned its AI chipsAmazon CEO Jassy says company is reducing bureaucracy, which is 'anathema' to innovationOracle and Silver Lake part of TikTok investor group as Trump extends deal deadlineMeta Connect 2025: AI-powered smart glasses take center stageAt the same time, Amazon CEO Andy Jassy and other company executives have touted the success of sales of "everyday essentials" within its online grocery , which refers to items canned goods, paper towels, dish soap and snacks.Jassy told investors at the company's annual holder meeting in May that he remains "bullish" on grocery, calling it a "significant " for Amazon.The company on Tuesday also said that it plans to offer same-day dery of groceries, including perishable items, in the U.K.
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