Temporary trouble, Amazon won't stay in the grocery business long.
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Why do you think that?
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I worked in a grocery store for 5 years while I started my insurance agency business,it's a low margin,high labor cost, time sensitive biz.
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Isn't that exactly what Amazon does...
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But is exactly what the grocery store business is,we had to keep payroll within 1% of sales,margins too low,labor cost too high for Bezos.
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Amazon is the king of operating a business around low margins. They employ 350k people. I think they will do just fine in grocery business
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I think they will change the gorcery game completly and forever.
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Not in perishable goods - completely different game.
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