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Amazon US Retail Bid Still on the Cards?

Scale Up | Posted on: Friday 15 March, 2019

Amazon tracking site TJI Research says that the company could be planning to develop a new chain of physical grocery stores in the United States following the hiring of discount supermarket veteran Patrick Waldron as its new Head of Real Estate.

The website said: “Waldron joined Amazon in September according to his LinkedIn profile, though Amazon has not officially announced his hiring that we have seen. Previously, Waldron was Vice President of Real Estate and Business Development at Save-A-Lot Food Stores, a discount grocery store chain with over 1,300 locations in the United States…

“Prior to Save-A-Lot, Waldron was Vice President of Real Estate at discount supermarket chain Lidl (US), where he worked for several years, moving to Save-A-Lot shortly after Lidl opened its first US stores. Today, Lidl operates about 65 stores in the US, also mainly in the eastern states (and thousands more in Europe).”

Last week, Esther Fung and Heather Haddon reported in the Wall Street Journal that Amazon is planning to open “dozens of grocery stores in several major U.S. cities” beyond the shops it already owns through its $13.7 billion acquisition of Whole Foods in 2017.

Written By: James Ashwood | Friday 15 March, 2019

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