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Stock impact report

Amazon stops accepting new online grocery customers amid surging demand [CNBC]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: CNBC
AmazonMany shoppers recently seeking to purchase groceries from the Seattle-based ?e-commerce company found they could not place orders due to a lack of available delivery slots. Amazon said it would have to relegate all new online grocery customers to a wait-list starting Monday while working on adding capacity each week.In recent weeks, it increased the number of Whole Foods stores offering grocery pickup ?to more than 150 locations, up from 80 previously.Amazon ?also plans to shorten some Whole Foods stores' hours for the public so its employees can more quickly fulfill online grocery orders, the company said.The moves illustrate how the world's largest online retailer, which showed its ambition to enter the grocery industry by acquiring Whole Foods for $13.7 billion in August 2017, is now leveraging its presence both online and in physical stores to handle high demand from consumers who are stuck eating at home, with many restaurant dining rooms closed to the public.Amazon offers Show less Read more
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