Inside Amazon’s AmazonFresh grocery store: The secret behind the $1.5 billion price tag
The AmazonFresh supermarket is now a big part of Amazon’s global empire, and it’s still growing.
Amazon’s first grocery store in New York City is the largest and the biggest of its kind in the world.
Now, AmazonFresh is expanding to a third of all US grocery stores.
The chain’s first two stores were in Seattle and New York, but it has expanded its footprint to a dozen cities across the US.
It’s now the world’s largest online retailer, with 2.4 million retail locations.
It’s a big deal for Amazon because it’s the biggest retailer on the planet and is trying to become a global leader in groceries.
The chain’s annual revenue rose 19% in the last quarter of 2018 to $3.4 billion.
It also saw a massive surge in its online business, with sales up 70%.
It has $2.5 trillion in cash on hand, according to Goldman Sachs, which estimates that it has more than $100 billion in assets.