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Amazon Temporarily Halts Brick-and-Mortar Grocery Expansion Amid Overall Sales Growth

February 7, 2023

Amazon has paused expansion of its Amazon Fresh supermarkets and Amazon Go checkout-free convenience stores, CEO Andy Jassy told investors on an earnings call. The ecommerce giant is searching for a “format that we think resonates with customers,” with “differentiation and economic value that we like.” Despite this temporary setback, Jassy expects the company to find what it’s looking for in 2023.

“We’re working hard at it,” said Jassy. “We see some encouraging signs. And when we do find that equation, we will expand it more expansively. But I think that we have a very significant opportunity in the grocery segment. I think we’re building a pretty broad grocery network across online and physical, and you’re going to see us continue to work on it.”

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