Amazon's grocery ambitions stumble in Britain [Yahoo! Finance Canada]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance Canada
Amazon, which also runs Amazon Fresh stores in the United States as well as the upmarket Whole Foods Market chain, never confirmed UK store targets, but 2021 media reports suggested plans for over 260 Fresh outlets by end-2024. Last year, it also dropped Amazon Fresh delivery in five cities but still serves over 100 UK towns and cities, including London, Birmingham and Manchester. It also ended its own grocery delivery service in Germany. Amazon's announcement does not impact its more than 60 Amazon Fresh stores and more than a dozen Amazon Go stores in the United States or its over 539 Whole Foods Markets locations across the U.S. and Canada, the company said. PLANS TO EXPAND ONLINE DELIVERY Amazon insists grocery remains a key part of its UK ambitions — its third biggest market overall after the U.S. and Germany. It said on Tuesday it plans to expand UK online delivery of everyday essentials and fresh groceries through its main Amazon.co.uk site, the Amazon Fresh site, an
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