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Amazon widens Iceland grocery tie-up to four more UK cities
Yahoo Finance· 2026-02-12 10:03
Core Insights - Amazon has expanded its grocery collaboration with Iceland to include Belfast, Cardiff, Edinburgh, and Nottingham, enhancing its service coverage in the UK [1][2] - The partnership allows customers in these new locations to order Iceland products through Amazon with delivery available in 60 minutes [1][2] Expansion Details - The latest phase broadens regional coverage, providing fresh food, everyday grocery items, and household goods to more customers via Amazon's online platform [2] - Amazon's grocery partnerships director emphasized the goal of offering customers more choice, value, and flexibility in grocery shopping [2] Membership and Delivery Options - The company anticipates more than doubling the number of Amazon UK Prime members who can access three or more online grocery delivery options this year [3] - It projects that over 80% of UK Prime members will have access to at least one grocery partner [3] Customer Experience - Customers in the newly added locations can access Iceland's products via Amazon.co.uk or the Amazon app, with options for same-day or next-day delivery [4] - Prime members qualify for free delivery on eligible orders, enhancing the shopping experience [4] Strategic Shift - In the US, Amazon is shifting focus from physical grocery stores like Amazon Go and Amazon Fresh to same-day delivery and expanding Whole Foods Market [4] - The company currently offers online grocery delivery in over 5,000 locations across the US and plans to extend this service to more communities by 2026 [5]
Provident Dumps 490,000 MapleBear Shares Worth $18 Million
The Motley Fool· 2026-02-10 00:06
Maplebear Inc. connects North American households with personal shoppers through its technology-driven grocery delivery platform.On February 4, 2026, Provident Investment Management, Inc. sold out its entire stake in Maplebear (CART +1.46%).What happenedAccording to a recent SEC filing dated February 4, 2026, Provident Investment Management, Inc. liquidated its holdings in Maplebear, selling 489,560 shares. The estimated transaction value is approximately $18.00 million, based on the average share price dur ...
Jeff Bezos's Net Worth Jumps $5.7 Billion As Amazon Shares Rise On Plans To Shutter Stores
Yahoo Finance· 2026-01-29 15:31
Core Insights - Amazon's shares rose following the announcement of plans to close physical stores, leading to a significant increase in Jeff Bezos' net worth by $5.7 billion to $266 billion [1][3]. Company Strategy - Amazon is shifting its grocery strategy by closing Amazon Go and Amazon Fresh stores, focusing instead on enhancing its online same-day delivery service [3]. - The company plans to open over 100 new Whole Foods locations in the coming years, indicating a dual approach of expanding both delivery and physical store presence [3]. - This strategy aims to strengthen Amazon's competitive position against major retailers like Walmart, Target, and Costco [3]. Market Impact - The closure of physical stores and the shift to delivery services are expected to put pressure on competitors such as Instacart [4].
Amazon shuttering Amazon Go, Amazon Fresh to focus on Whole Foods, grocery delivery
New York Post· 2026-01-27 20:06
NEW YORK — Amazon said it’s closing all of its Amazon Go and Amazon Fresh locations, as the online behemoth focuses on its grocery delivery, Whole Foods Market and a new “supersized” store concept.The Seattle-based online retailer said Tuesday in a blog post that it plans to convert some of those soon-to-be shuttered locations into Whole Foods Market stores. The company operates 57 Amazon Fresh stores and 15 Amazon Go stores.Amazon announced it’s closing all of its Amazon Go and Amazon Fresh locations. AFP ...
Amazon to close most Amazon Go and Amazon Fresh stores in days
Yahoo Finance· 2026-01-27 16:44
NEW YORK (AP) — Amazon said this week that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market. Some of the shuttered stores will be converted into Whole Foods locations, the Seattle company said in a blog post. The announcement arrived shortly before Amazon said Wednesday that it was cutting about 16,000 corporate jobs, its second round of mass layoffs in three months. Late last year, CEO A ...
Amazon moves to close Amazon Fresh grocery stores in UK after shuttering some U.S. locations earlier this year
Fastcompany· 2025-09-23 18:27
Core Insights - Amazon is proposing to close all Amazon Fresh locations in the United Kingdom, which currently consists of 19 stores, as part of a business evaluation and to focus on online delivery growth opportunities [3][5] - The company plans to convert five of the Amazon Fresh locations into Whole Foods stores, while still maintaining its grocery delivery service in the UK [6][5] - This move follows previous closures of Amazon Fresh stores in the United States, with at least three locations shuttered earlier in 2025 [7][8] Company Strategy - Amazon's spokesperson emphasized the commitment to Amazon Fresh and the broader grocery strategy, indicating a continuous refinement of store portfolios based on customer preferences [8] - The proposed closures are part of a larger trend affecting brick-and-mortar retailers, which are facing challenges such as rising operating costs and changing consumer behavior [12] Market Impact - Following the announcement of the proposed closures, Amazon's stock experienced a decline of approximately 2.2% in morning trading [9] - Despite the closures, Amazon still operates over 60 Fresh locations in the United States and more than 500 Whole Foods Markets globally [10]